Jet.AI (NASDAQ:JTAI) Shares Down 8.3% – Time to Sell?

Jet.AI Inc. (NASDAQ:JTAI)’s stock price traded down 8.3% during mid-day trading on Tuesday . The company traded as low as $4.51 and last traded at $4.67. 215,342 shares were traded during mid-day trading, a decline of 86% from the average session volume of 1,509,647 shares. The stock had previously closed at $5.09.

Jet.AI Stock Performance

The firm has a fifty day simple moving average of $4.51 and a 200 day simple moving average of $9.82. The company has a market cap of $3.51 million, a PE ratio of -0.02 and a beta of -0.50.

Institutional Trading of Jet.AI

An institutional investor recently bought a new position in Jet.AI stock. Virtu Financial LLC purchased a new position in shares of Jet.AI Inc. (NASDAQ:JTAI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,824 shares of the company’s stock, valued at approximately $54,000. Virtu Financial LLC owned about 1.52% of Jet.AI at the end of the most recent reporting period. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Jet.AI Company Profile

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.