JetBlue Airways Corporation (NASDAQ:JBLU) finished Thursday with an addition of $0.26 to close at $6.45, an upside of 4.20 percent. An average of 7,833,480 shares of common stock have been traded in the last five days. There was a fall of -$0.14 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 10,018,024 shares traded, while the 50-day average volume stands at 10,509,932.
JBLU stock has decreased by -16.67% in the last month. The company shares reached their 1-month lowest point of $6.18 on 12/28/22. With the stock rallying to its 52-week high on 02/16/22, shares of the company touched a low of $6.18 and a high of $16.39 in 52 weeks. It has reached a new high 10 times so far this year and lost -54.71% or -$7.79 in price. In spite of this, the price is down -60.65% from the 52-week high.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our 5 Best Growth Stocks To Own For 2023.
JBLU stock investors should be aware that JetBlue Airways Corporation (JBLU) stock had its last reported insider trading activity 242 days ago 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 1.52. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.24, the price-to-book (PB) ratio at 0.60, and the price-to-cash flow ratio at 55.85.
The quick ratio of JetBlue Airways Corporation for the three months ended September 29 was 0.60, 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 0.92 and a total debt to equity ratio of 1.07 for the quarter ending September 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 September 29, JetBlue Airways Corporation had $692.0 million in cash and short-term investments compared to $3.23 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 $57.0 million in the quarter, while revenues were shrunk -128.07%. The analyst consensus anticipated JetBlue Airways Corporation’s latest quarter earnings to come in at $0.23 per share, but it turned out to be $0.21, a -8.70% surprise. For the quarter, EBITDA amounted to $286.0 million. Shareholders own equity worth $323.88 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 29 December was 35.87%, suggesting the stock is Neutral, with historical volatility in this time frame at 40.47%.
As of today, JBLU’s price is $6.37 -2.12% or -$0.14 from its 5-day moving average. JBLU is currently trading -18.97% lower than its 20-day SMA and -25.26% lower than its 100-day SMA. However, the stock’s current price level is -7.59% below the SMA50 and -52.82% below the SMA200.
The stochastic %K and %D were 8.82% and 9.40%, respectively, and the average true range (ATR) was 0.28. With the 14-day stochastic at 15.17% and the average true range at 0.29, the RSI (14) stands at 36.16%. The stock has reached -0.14 on the 9-day MACD Oscillator while the 14-day reading was at -0.40.
Cowen downgraded JetBlue Airways Corporation (NASDAQ: JBLU) to a a Market perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. 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 11 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 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 $10.00, with a median target of $9.00. Taking a look at these predictions, the average price target given by analysts for JetBlue Airways Corporation (JBLU) stock is $8.68.