JetBlue Airways Corporation (JBLU): A Technical View

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As of Wednesday close, JetBlue Airways Corporation’s (NASDAQ:JBLU) stock was up $0.13, moving up 1.67 percent to $7.93. The average number of shares traded per day over the past five days has been 7,451,120 shares. 2 times new highs have been achieved over the past 5 days, with a $0.01 gain in that time frame. In the last twenty days, the average volume was 10,130,305, while in the previous 50 days, it was 12,011,530.

Since last month, JBLU stock rose 8.33%. Shares of the company fell to $6.88 on 10/25/22, the lowest level in the past month. A 52-week high of $16.39 was reached on 02/16/22 after having rallying from a 52-week low of $6.21. Since the beginning of this year, JBLU’s stock price has dropped by -44.31% or -$6.31, and marked a new high 10 times. However, the stock has declined by -51.62% since its 52-week high.


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JBLU stock investors should be aware that JetBlue Airways Corporation (JBLU) stock had its last reported insider trading activity 207 days ago on May 02. Hayes Robin, the CEO of the company, disposed of 1,000 shares for $10.97 on May 02. It resulted in a $10,970 divestment by the insider. Hayes Robin sold 1,000 shares at an average price of $12.61 on Apr 18. The insider now owns 582,776 shares following the transaction. On Apr 01, CEO Hayes Robin sold 1,000 shares at $15.02 apiece. The transaction was valued at $15,020.

Valuation Metrics

The stock’s beta is 1.50. Besides these, the trailing price-to-sales (P/S) ratio of 0.30, the price-to-book (PB) ratio of 0.73, and the price-to-cash flow ratio of 69.77 may also be considered.

Financial Health

In the three months ended September 29, JetBlue Airways Corporation’s quick ratio stood at 0.60, while its current ratio was 0.70, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.92, and the total debt-to-equity ratio was 1.07. On the profitability front, the trailing twelve-month gross margin is 59.80% percent. In the year ended September 29, operating margins totaled -5.40%. Based on annual data, JBLU earned $3.25 billion in gross profit and brought in $6.04 billion in revenue.

In JetBlue Airways Corporation’s quarter-end financial report for September 29, it reported total debt of $3.23 billion against cash and short-term investments of $692.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. JBLU’s revenue rose 23.03% to $2.44 billion during the quarter, while net income inched up to $2.56 billion. While analysts expected JetBlue Airways Corporation to report $0.23 quarterly earnings, the actual figure was $0.21 per share, beating the consensus estimate by -8.70%. During the quarter, the company generated $286.0 million in EBITDA. The liabilities of JetBlue Airways Corporation were 9.82 billion at the end of its most recent quarter ended September 29, and its total debt was $4.63 billion. The value of shareholders’ equity is $323.88 million.

Technical Picture

This quick technical analysis looks at JetBlue Airways Corporation’s (JBLU) price momentum. With a historical volatility rate of 31.08%, the RSI 9-day stood at 55.64% on 23 November.

With respect to its five-day moving average, the current JetBlue Airways Corporation price is up by +0.13% percent or $0.01. At present, JBLU shares trade +6.30% above its 20-day simple moving average and -7.47% percent below its 100-day simple moving average. However, the stock is currently trading approximately -0.63% below its SMA50 and -49.30% below its SMA200.

Stochastic coefficient K was 49.08% and Stochastic coefficient D was 48.64%, while ATR was 0.30. Given the Stochastic reading of 59.48% for the 14-day period, the RSI (14) reading has been calculated as 55.51%. As of today, the MACD Oscillator reading stands at -0.12, while the 14-day reading stands at -0.02.

Analyst Ratings

JetBlue Airways Corporation (JBLU) has been rated Hold by analysts. According to 2 brokerage firms, JBLU is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate JetBlue Airways Corporation stock as buy, with 2 recommending it as overweight.

With a median target price of $9.50, the current consensus forecast for the stock is $6.00 – $11.00. Based on these forecasts, analysts predict JetBlue Airways Corporation (JBLU) will achieve an average price target of $9.00.

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