Jet.AI Inc. (NASDAQ:JTAI – Get Free Report) dropped 1.7% on Tuesday . The stock traded as low as $0.85 and last traded at $0.89. Approximately 206,692 shares traded hands during trading, a decline of 91% from the average daily volume of 2,286,133 shares. The stock had previously closed at $0.90.
Jet.AI Stock Performance
The company has a 50-day moving average of $0.92 and a two-hundred day moving average of $1.60.
Institutional Investors Weigh In On Jet.AI
Several hedge funds have recently added to or reduced their stakes in JTAI. Meteora Capital LLC bought a new stake in Jet.AI in the third quarter worth $1,094,000. Vanguard Group Inc. bought a new stake in Jet.AI in the fourth quarter worth $62,000. Finally, Virtu Financial LLC bought a new stake in Jet.AI in the fourth quarter worth $33,000. 5.51% of the stock is owned by institutional investors.
About Jet.AI
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 Flight Club API, an aviation software, that enables FAA Part 135 operators to function simultaneously under FAA Part 380 which permits sale of private jet service by the seat instead of by whole aircraft.
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