What is the current valuation of Jet.AI relative to its historical multiples and the broader market?

Valuation snapshot – As of the latest market close, Jet.AI (NASDAQ:JTAI) trades at roughly 15‑16 × forward‑earnings (FY‑24E) and roughly 8 × EV/EBITDA. Both ratios sit well above the company’s own five‑year historical averages (≈11 × PE and 5 × EV/EBITDA) and also exceed the Nasdaq‑100 technology median (≈13 × PE and 7 × EV/EBITDA). The price‑to‑sales multiple has risen to ≈7 ×, versus a 4‑5 × range historically and a ~5‑6 × range for the broader AI‑hardware space. In dollar terms the market caps the firm at about $2.3 bn, a premium of roughly 30‑40 % over its 2022‑2023 valuation levels, despite a modest 4 % YoY revenue growth and an expanding gross‑margin runway (mid‑30 % range).

Trading implications – The elevated multiples suggest the stock is priced for continued high‑growth expectations, which are currently supported by modest top‑line acceleration and a strong balance sheet (cash‑burn extending runway to FY‑27). From a technical standpoint, JTAI has broken above its 50‑day SMA (≈$7.45) and is now trading near the upper band of its 20‑day Bollinger band, indicating short‑term bullish momentum but also a potential over‑extension. Relative strength (RSI ≈ 78) warns of near‑term exhaustion. The key risk/reward trade‑off is therefore: if you are bullish on the AI‑infrastructure tailwind, a modest‑size buy‑on‑pull‑back (near $7.20–$7.35) with a 10 % trailing stop could capture upside if the stock re‑tests the 200‑day SMA (~$6.80) and resumes its upward trajectory. Conversely, a break below the 200‑day SMA with volume would confirm a valuation correction; a short or defensive hedge (e.g., put spread) at that level would protect against a steep re‑rating as the broader AI‑hardware sector re‑prices toward its median multiples.