Jet.AI (NASDAQ:JTAI) Stock Price Down 8.3% – Should You Sell?

Jet.AI Inc. (NASDAQ:JTAI)’s share price traded down 8.3% during trading on Tuesday . The stock traded as low as $4.51 and last traded at $4.67. 215,342 shares were traded during 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 stock has a fifty day simple moving average of $4.51 and a two-hundred day simple moving average of $9.82. The stock has a market cap of $3.51 million, a PE ratio of -0.02 and a beta of -0.50.

Institutional Investors Weigh In On Jet.AI

A hedge fund recently bought a new stake in Jet.AI stock. Virtu Financial LLC acquired a new stake in Jet.AI Inc. (NASDAQ:JTAI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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 owned by institutional investors and hedge funds.

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 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.