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

Shares of Jet.AI Inc. (NASDAQ:JTAI) 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 changed hands 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 market cap of $3.65 million, a PE ratio of -0.02 and a beta of -0.50. The firm has a fifty day moving average price of $4.50 and a 200 day moving average price of $9.86.

Institutional Investors Weigh In On Jet.AI

An institutional investor recently bought a new position in Jet.AI stock. Virtu Financial LLC acquired a new stake in shares of Jet.AI Inc. (NASDAQ:JTAI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,824 shares of the company’s stock, valued at approximately $54,000. Virtu Financial LLC owned approximately 1.52% of Jet.AI as of its most recent SEC filing. Institutional investors and hedge funds own 5.51% of the company’s stock.

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.