Jet.AI (NASDAQ:JTAI) Shares Scheduled to Reverse Split on Tuesday, November 12th

Shares of Jet.AI Inc. (NASDAQ:JTAI) are set to reverse split before the market opens on Tuesday, November 12th. The 1-225 reverse split was announced on Friday, November 8th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, November 11th.

Jet.AI Stock Performance

NASDAQ:JTAI traded down $0.01 on Friday, reaching $0.04. 48,214,363 shares of the stock traded hands, compared to its average volume of 120,267,536. Jet.AI has a 1-year low of $0.04 and a 1-year high of $4.47. The company’s 50 day moving average is $0.10 and its 200-day moving average is $0.34.

Jet.AI (NASDAQ:JTAI) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.25) EPS for the quarter. The firm had revenue of $3.08 million for the quarter.

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.