JAY.AX Jayride Group (ASX) after-hours 24 Feb: A$0.006 oversold bounce to A$0.01
JAY.AX stock trades at A$0.006 after hours on 24 Feb 2026, creating an oversold bounce opportunity. Liquidity is thin with 5,089 shares traded today versus an average volume of 2,894,773, so moves can be sharp. The travel marketplace Jayride Group Limited (ASX) shows stretched price action since the 52-week high of A$0.015. For short-term traders we see a measurable bounce setup into a near-term target of A$0.01, matched to model and technical observations.
JAY.AX stock quick snapshot and price action
JAY.AX stock closed at A$0.006 in after-hours trade on 24 Feb 2026. Day range held at A$0.006 to A$0.006. Market cap sits near A$9.33M and shares outstanding are 1,554,555,758. The 50-day average price is A$0.00582 and the 200-day average is A$0.00333, which shows the stock is above its long-term average but still volatile.
Why an oversold bounce setup exists for JAY.AX stock
Volume collapsed to 5,089 today versus a normal day of 2,894,773, increasing volatility risk. The share price sits closer to recent support at A$0.001 than the year high A$0.015, creating a price range where short-term mean reversion often occurs. Upcoming earnings on 26 Feb 2026 can act as a catalyst for a bounce or further decline.
Fundamentals and valuation for JAY.AX stock
Jayride operates an airport transfers marketplace in travel services across 110 countries. Trailing metrics show EPS -0.01, PE -0.60, and Price/Sales 4.45. Cash per share is A$0.00066 and the current ratio is 0.10, reflecting tight working capital. These figures flag small-cap operational risk and low liquidity in the Australian (ASX) market.
Technical view and Meyka AI grade for JAY.AX stock
Meyka AI rates JAY.AX with a score out of 100. Meyka AI rates JAY.AX with a score of 63.31 / 100 and assigns Grade B: HOLD. This grade factors in S&P 500 comparison, sector performance, financial growth, key metrics, and analyst consensus. Technical indicators are muted due to low volume, but the 50-day average near A$0.00582 offers immediate support for a short-term bounce.
Catalysts, risks and sector context for JAY.AX stock
Key catalyst: earnings announcement scheduled for 26 Feb 2026. Positive revenue or margin beats could trigger a short squeeze due to thin float. Major risks include low cash buffer, negative operating cash flow, and travel sector cyclicality. The Consumer Cyclical travel services group shows mixed recovery, which matters for Jayride’s demand.
Practical trade plan and price targets for JAY.AX stock
For an oversold bounce approach use tight sizing and defined stops. Short-term price target: A$0.01. Secondary target near the 52-week high: A$0.015. Suggested stop-loss for traders: below A$0.004 to limit downside. Watch liquidity and earnings news before increasing position size.
Final Thoughts
JAY.AX stock presents a classic oversold bounce candidate after hours at A$0.006 on 24 Feb 2026. Meyka AI’s forecast model projects a monthly target of A$0.01, implying an upside of 66.67% versus the current price. That forecast reflects a short-term mean reversion toward the 50-day average and the company’s year-high of A$0.015 as a longer-term reference. Traders should weigh tight liquidity, negative EPS (-0.01), and a low current ratio (0.10) before acting. Use small position sizes and set stops near A$0.004. Forecasts are model-based projections and not guarantees. For company details and filings visit the official Jayride site and our Meyka stock page for live updates: Jayride and Meyka JAY.AX page.
FAQs
What is the current price and outlook for JAY.AX stock?
JAY.AX stock trades at A$0.006 after hours on 24 Feb 2026. Short-term outlook is a possible oversold bounce to A$0.01, with higher resistance at A$0.015. Liquidity and earnings news will determine follow-through.
How does Meyka AI rate JAY.AX stock?
Meyka AI rates JAY.AX with a score of 63.31 / 100 and assigns Grade B: HOLD. The grade combines benchmark, sector, growth, key metrics, and analyst inputs. Grades are informational, not advice.
What are the key risks for JAY.AX stock investors?
Key risks include thin daily volume, negative EPS (-0.01), low current ratio (0.10), and travel demand variability. An adverse earnings result on 26 Feb 2026 could deepen downside quickly.
What short-term trade setup suits JAY.AX stock?
A short-term oversold bounce trade uses small size, target A$0.01, stop near A$0.004, and strict risk rules. Monitor volume and the Feb 26 earnings release for triggers.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.