Is jtai good stock to buy now

**Jet.AI (JTAI) is not a good stock to buy at this moment**. Here's why: 1. **Financial Performance Concerns**: - The company has reported a net loss of $3.22 million for the quarter ending June 30, 2024, with a significant decline of 31.52% in net income year-over-year. - The diluted EPS was -$0.25, with a year-over-year growth rate of 53.7%, but the last change was a decrease of 1.97%. - The company's revenue growth rate is positive at 10.42% year-over-year, but the net income and EPS figures indicate profitability challenges. 2. **Stock Price and Market Sentiment**: - The stock has experienced a substantial decline, with a 31% dip in the last thirty days and a 96% share price decline over the past year. - The stock is trading close to its 52-week low, and the MACD golden cross, which is often seen as a bullish signal, may not be sufficient to reverse the current negative trend. 3. **Technical Indicators**: - The stock is currently trading below its 5-day, 10-day, and 50-day moving averages, which is a bearish signal. - The RSI is not available, but the lack of bullish signals from the KDJ and Bollinger Bands, along with the stock trading below key resistance levels, suggests a bearish outlook. 4. **Corporate and Financial Challenges**: - Jet.AI faces the risk of Nasdaq delisting due to not meeting the minimum bid price requirement. - The company has a debt-to-equity ratio of 0.06 and a negative free cash flow of $2.73 million, indicating financial strain. 5. **Recent Developments**: - Despite these challenges, Jet.AI has announced a registered direct offering to raise capital and has entered into an agreement with Ionic Ventures, which may provide some relief. - The company's participation in Corporate Jet Investor Miami 2024 could potentially improve its visibility and attract investors. In conclusion, while there are some positive aspects, such as the revenue growth rate and the company's efforts to raise capital and improve its position in the market, the current financial performance, stock price trend, and the risk of delisting make Jet.AI a risky investment at this time. Investors should exercise caution and consider these factors before making a decision.