Jet.AI (NASDAQ:JTAI) Stock Price Down 9.1% – Here’s Why

Jet.AI Inc. (NASDAQ:JTAIGet Free Report) fell 9.1% during trading on Wednesday . The stock traded as low as $3.84 and last traded at $3.88. 116,305 shares were traded during mid-day trading, a decline of 29% from the average session volume of 162,910 shares. The stock had previously closed at $4.27.

Jet.AI Stock Down 9.1 %

The firm’s 50 day simple moving average is $10.64 and its 200 day simple moving average is $44.10. The company has a market cap of $3.03 million, a price-to-earnings ratio of -0.02 and a beta of 0.01.

About Jet.AI

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Jet.AI Inc primarily engages in the development and operation of private aviation platforms. The company operates CharterGPT, a booking platform that functions as a prospecting and quoting platform to arrange private jet travel with its aircrafts and third-party carriers. It also provides Reroute AI software that recycles aircraft waiting to return to base into prospective new charter bookings to destinations within specific distances; and DynoFlight, a software application programming interface (API), which enables aircraft operators to track and estimate emissions, and purchase carbon offset credits.

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