Jet.AI (NASDAQ:JTAI) Sees Unusually-High Trading Volume – Here’s What Happened

Jet.AI Inc. (NASDAQ:JTAIGet Free Report) saw strong trading volume on Wednesday . 416,735 shares were traded during mid-day trading, an increase of 592% from the previous session’s volume of 60,221 shares.The stock last traded at $8.78 and had previously closed at $6.64.

Jet.AI Price Performance

The business’s fifty day simple moving average is $20.97 and its two-hundred day simple moving average is $70.85.

Jet.AI (NASDAQ:JTAIGet Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($56.25) earnings per share (EPS) for the quarter. The business had revenue of $3.08 million during the quarter.

Jet.AI Company Profile

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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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