Meteora Capital LLC has recently announced that it has increased stake in Jet.AI Inc (NASDAQ:JTAI) by 1,668.07%. After grabbing 0.34 million shares, the institutional investor is now in possession of 0.32 million shares of the Technology Company. The new investment brought the stake of investor firm to 3.76% having worth around $0.58 million. Moreover, G1 Execution Services LLC increased its share by 13431.0 to have a control over 13431.0 shares. And Slocum Gordon & Co. LLP raised its holdings to 206.0 shares by acquiring 206.0 shares or 0.00% of the stake.
Jet.AI Inc (JTAI) concluded trading on 12/27/23 at a closing price of $1.90, with 4.71 million shares of worth about $8.95 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -82.76% during that period and on Wednesday the price saw a gain of about 18.75%. Currently the company’s common shares owned by public are about 11.62M shares, out of which, 0.78M shares are available for trading.
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TOPS Market Neutral UCITS FUND, Lumyna – MW TOPS UCITS Fund, and Lumyna – MW Systematic Alpha UCIT are the top 3 mutual funds which are holding stakes in Jet.AI Inc TOPS Market Neutral UCITS FUND is currently holding 16093.0 shares of worth totaling $27519.0. The company recently came selling 3970.0 shares which brought its stake up to 0.18% of the company’s outstanding shares. Lumyna – MW TOPS UCITS Fund sold 34703.0 shares, after which its hold over company’s outstanding shares shrunk to 0.14%, leaving 12802.0 shares with the mutual fund that have a worth of about $21891.0. Lumyna – MW Systematic Alpha UCIT, after selling 7881.0 shares, have now control over 0.09% of the stake in the company. It holds 20340.0 shares of worth $13477.0.
Jet.AI Inc (NASDAQ: JTAI) started trading at $2.17, above $0.57 from concluding price of the previous day. However, the stock later moved at a day high price of 2.2300, or with a gain of 18.75%. Stock saw a price change of -26.36% in past 5 days and over the past one month there was a price change of 24.18%. Year-to-date (YTD), JTAI shares are showing a performance of -81.82% which decreased to -81.11% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.02 but also hit the highest price of $17.50 during that period. The average intraday trading volume for Jet.AI Inc shares is 1.61 million. The stock is currently trading -15.82% below its 20-day simple moving average (SMA20), while that difference is up 3.44% for SMA50 and it goes to -72.28% lower than SMA200.
Meteora Capital LLC acquired 0.34 million shares of Jet.AI Inc having value of about $0.58 million. Data submitted at the U.S SEC by Meteora Capital LLC revealed that the firm now holds 0.32 million shares in the company valued at close to $608003.8, or have control over 1,668.07% stake in the company. Jet.AI Inc (NASDAQ: JTAI) currently have 11.62M outstanding shares and institutions hold larger chunk of about 29.95% of that. Holding of mutual funds in the company is about 11.98% while other institutional holders and individual stake holders have control over 3.83% and 0.49% of the stake respectively.
The stock has a current market capitalization of $2.47M and its 3Y-monthly beta is at 0.58. PE ratio of stock for trailing 12 months is 16.42, while it has posted earnings per share of $0.12 in the same period. It has Quick Ratio of 38.40 while making debt-to-equity ratio of 0.08. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for JTAI, volatility over the week remained 26.75% while standing at 26.82% over the month.
Analysts are in expectations that Jet.AI Inc (JTAI) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same.
Analysts at 1 brokerage firms have issued recommendations for the Jet.AI Inc (JTAI)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
