JetBlue Airways Corporation (NASDAQ:JBLU) traded with a subtraction of -$0.89 to $15.23 on Wednesday, a downside of -5.49 percent. An average of 7,382,170 shares of common stock have been traded in the last five days. There was a fall of -$0.40 in the past week. The last 20 days have seen an average of 7,455,522 shares traded, while the 50-day average volume stands at 6,923,449.
JBLU stock has increased by 7.90% in the last month. The company shares reached their 1-month lowest point of $14.48 on 09/13/21. With the stock rallying to its 52-week high on 04/06/21, shares of the company touched a low of $10.96 and a high of $21.96 in 52 weeks. In spite of this, the price is down -30.62% from the 52-week high.
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5 days have passed since JetBlue Airways Corporation (JBLU) last reported insider trading activity. Hayes Robin, who is CEO, most recently acquired $1,000 shares at $15.70 per share on Oct 01. In this transaction, the insider spent $15,700. CEO, Hayes Robin, disposed of 1,000 shares at a price of $14.78 on Sep 15. The insider now owns more than $14,780 worth of shares. Prior to that, CEO Hayes Robin went on to Sale 1,000 shares at $15.21 each on Sep 01. An amount of $15,210 was transacted.
JetBlue Airways Corporation (JBLU) has a trailing price-to-earnings (P/E) ratio of 18.35 for the broader industry and 28.04 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, JetBlue Airways Corporation’s PE ratio has ranged between 42.26 and 3.573. The stock’s beta is 1.57. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.42, the price-to-book (PB) ratio at 1.34, and the price-to-cash flow ratio at 6.70.
The quick ratio of JetBlue Airways Corporation for the three months ended June 29 was 1.00, and the current ratio was 1.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.05 and a total debt to equity ratio of 1.16 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 60.50% against a 5-year average of 16.7%. JetBlue Airways Corporation’s EBITDA margin for the year ending June 29 is -49.21%, while its operating margin for the same period stands at -33.00%. Its gross profit as reported stood at $1.44 billion compared to revenue of $2.96 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, JetBlue Airways Corporation’s return on assets was -6.90%, compared to 3.2% over the last five years. In the past year, the return on investment has been -13.30%, and the 5-year average is 6.7%. Meanwhile, the return on equity (ROE) for the past 12 months has been -25.00% and the 5-year average holds at 6.3%. For the broader industry, ROE averaged 13.58 over the past year.
For the three-month period that ended June 29, JetBlue Airways Corporation had $1.32 billion in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.5 billion in the quarter, while revenues of $733.0 million were grew 85.66%. The analyst consensus anticipated JetBlue Airways Corporation’s latest quarter earnings to come in at -$0.74 per share, but it turned out to be -$0.65, a 12.20% surprise. For the quarter, EBITDA amounted to $280.0 million. Shareholders own equity worth $318.02 million.
From a technical analysis perspective, let’s take a brief look at JetBlue Airways Corporation (JBLU) price momentum. RSI 9-day as of the close on 05 October was 44.38%, suggesting the stock is Neutral, with historical volatility in this time frame at 49.01%.
As of today, JBLU’s price is $15.83 -2.58% or -$0.40 from its 5-day moving average. JBLU is currently trading +3.77% higher than its 20-day SMA and -22.43% lower than its 100-day SMA. However, the stock’s current price level is +2.04% above the SMA50 and +6.38% above the SMA200.
The stochastic %K and %D were 60.47% and 69.17%, respectively, and the average true range (ATR) was 0.64. With the 14-day stochastic at 30.83% and the average true range at 0.61, the RSI (14) stands at 47.42%. The stock has reached -0.03 on the 9-day MACD Oscillator while the 14-day reading was at 0.18.
Goldman downgraded JetBlue Airways Corporation (NASDAQ: JBLU) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a a Buy.The consensus rating for JetBlue Airways Corporation (JBLU) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell JBLU, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 7 others rate it as a “buy”.
What is JBLU’s price target for the next 12 months?
Analysts predict a range of price targets between $13.00 and $28.00, with a median target of $20.00. Taking a look at these predictions, the average price target given by analysts for JetBlue Airways Corporation (JBLU) stock is $20.00.