JetBlue Airways Corporation (NASDAQ:JBLU) saw an upside of 6.67% to close Friday at $16.31 after adding $1.02 on the day. The 5-day average trading volume is 7,915,920 shares of the company’s common stock. It has gained $16.56 in the past week and touched a new high 1 time within the past 5 days. An average of 7,314,170 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 7,067,600.
JBLU’s 1-month performance is 8.08% or $1.22 on its low of $14.48 reached on 09/13/21. The company’s shares have touched a 52-week low of $10.95 and high of $21.96, with the stock’s rally to the 52-week high happening on 04/06/21. YTD, JBLU has achieved 12.17% or $1.77 and has reached a new high 16 times. However, the current price is down -25.73%% from the 52-week high price.
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On Sep 15, 19 days have gone by since the last insider trading activity for JetBlue Airways Corporation (JBLU). Hayes Robin (CEO) most recently sold 1,000 shares at $14.78 per share on Sep 15. This transaction cost the insider $14,780. CEO, Hayes Robin, sold 1,000 shares at a price of $15.21 on Sep 01. Then, on Aug 16, CEO Hayes Robin sold 1,000 shares at a price of $15.14 per share. This transaction amounted to $15,140.
JetBlue Airways Corporation (JBLU) has a trailing price-to-earnings (P/E) ratio of 17.21 for the broader industry and 28.42 for the sector, meaning that investors are optimistic about the stock’s future prospects. The company’s PE ratio for the last five years has touched a high of 42.26 and a low of 3.573. JBLU stock has a beta of 1.57. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.44 while the price-to-book (PB) in the most recent quarter is 1.36, with the price to cash flow ratio at 6.78.
JetBlue Airways Corporation’s quick ratio for the period ended June 29 was 1.00, with the current ratio over the same period at 1.10 meaning that JBLU stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.05, while the total debt to equity was 1.16. In terms of profitability, the gross margin trailing 12 months is 60.50%The trailing 12-month EBITDA margin is -49.21% while for the period ending June 29; JetBlue Airways Corporation’s operating margin was -33.00%. The firm’s gross profit as reported stood at $1.44 billion against revenue of $2.96 billion.
For the quarterly period ending June 29 this year, JetBlue Airways Corporation’s cash and short-term investments amounted to $1.32 billion against total debt of $5.24 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 85.66% to $1.5 billion, while revenue of $733.0 million was 51.1% off the previous quarter. Analysts expected JBLU to announce -$0.74 per share in earnings in its latest quarter, but it posted -$0.65, representing a 12.20% surprise. EBITDA for the quarter stood at more than $280.0 million. JBLU stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 10.6 billion, with total debt at $5.24 billion. Shareholders hold equity totaling $318.02 million
Let’s look briefly at JetBlue Airways Corporation (JBLU) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 62.73% to suggest the stock is trending Neutral, with historical volatility in this time period at 52.40%.
The stock’s 5-day moving average is $15.87, reflecting a +1.62% or $0.26 change from its current price. JBLU is currently trading +7.30% above its 20-day SMA, -14.38% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +4.15% and +10.05% respectively.
Stochastic %K and %D was 61.24% and 62.14% and the average true range (ATR) pointed at 0.63. The RSI (14) points at 59.55%, while the 14-day stochastic is at 87.31% with the period’s ATR at 0.60. The stock’s 9-day MACD Oscillator is pointing at 0.08 and 0.27 on the 14-day charts.
In the most recent analyst report for JetBlue Airways Corporation (NASDAQ: JBLU), MKM Partners launched coverage with a Neutral rating. Analysts offering their rating for JBLU stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate JBLU as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 8 have offered a “buy” rating.
What is JBLU’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $14.00 and a high of $28.00, with their median price target at $20.00. Looking at these predictions, the average price target given by analysts is for JetBlue Airways Corporation (JBLU) stock is $20.29.