JetBlue Airways Corporation (NASDAQ:JBLU) finished Thursday with a subtraction of -$0.54 to close at $7.10, a downside of -7.07 percent. An average of 14,389,700 shares of common stock have been traded in the last five days. There was a fall of -$0.98 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 11,541,795 shares traded, while the 50-day average volume stands at 11,141,640.
JBLU stock has decreased by -12.35% in the last month. The company shares reached their 1-month lowest point of $7.08 on 09/22/22. With the stock rallying to its 52-week high on 02/16/22, shares of the company touched a low of $7.50 and a high of $16.65 in 52 weeks. It has reached a new high 10 times so far this year and lost -50.14% or -$7.14 in price. In spite of this, the price is down -57.34% from the 52-week high.
Top 5 Cheap Stocks to Own Right Now
While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.
Sign up here to get your free report now.
144 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 $10.97 per share on May 02. In this transaction, the insider spent $10,970. CEO, Hayes Robin, disposed of 1,000 shares at a price of $12.61 on Apr 18. The insider now owns more than $12,610 worth of shares. Prior to that, CEO Hayes Robin went on to Sale 1,000 shares at $15.02 each on Apr 01. An amount of $15,020 was transacted.
JetBlue Airways Corporation (JBLU) stock’s beta is 1.46. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.29, the price-to-book (PB) ratio at 0.67, and the price-to-cash flow ratio at 16.07.
The quick ratio of JetBlue Airways Corporation for the three months ended June 29 was 0.70, and the current ratio was 0.70, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.98 and a total debt to equity ratio of 1.11 for the quarter ending June 29. Its gross profit as reported stood at $3.25 billion compared to revenue of $6.04 billion.
For the three-month period that ended June 29, JetBlue Airways Corporation had $873.0 million in cash and short-term investments compared to $3.39 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$188.0 million in the quarter, while revenues were grew 134.04%. The analyst consensus anticipated JetBlue Airways Corporation’s latest quarter earnings to come in at -$0.11 per share, but it turned out to be -$0.47, a -327.30% surprise. For the quarter, EBITDA amounted to $32.0 million. Shareholders own equity worth $323.85 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 22 September was 27.35%, suggesting the stock is oversold, with historical volatility in this time frame at 48.65%.
As of today, JBLU’s price is $7.75 -12.13% or -$0.98 from its 5-day moving average. JBLU is currently trading -12.99% lower than its 20-day SMA and -35.51% lower than its 100-day SMA. However, the stock’s current price level is -12.56% below the SMA50 and -50.25% below the SMA200.
The stochastic %K and %D were 18.41% and 35.19%, respectively, and the average true range (ATR) was 0.34. With the 14-day stochastic at 1.37% and the average true range at 0.33, the RSI (14) stands at 32.78%. The stock has reached -0.35 on the 9-day MACD Oscillator while the 14-day reading was at -0.37.
The consensus rating for JetBlue Airways Corporation (JBLU) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell JBLU, while 9 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 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 $6.00 and $14.00, with a median target of $9.75. Taking a look at these predictions, the average price target given by analysts for JetBlue Airways Corporation (JBLU) stock is $9.55.