How Is JetBlue Airways Corporation (JBLU)’s Price-To-Earnings Ratio?


As of Thursday close, JetBlue Airways Corporation’s (NASDAQ:JBLU) stock was up $0.07, moving up 1.04 percent to $6.83. The average number of shares traded per day over the past five days has been 10,563,440 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.39 fall in that time frame. In the last twenty days, the average volume was 9,388,120, while in the previous 50 days, it was 8,747,476.

Since last month, JBLU stock retreated -0.73%. Shares of the company fell to $6.68 on 05/24/23, the lowest level in the past month. A 52-week high of $10.97 was reached on 02/02/23 after having rallying from a 52-week low of $6.18. Since the beginning of this year, JBLU’s stock price has risen by 5.40% or $0.35, and marked a new high 13 times. However, the stock has declined by -37.74% since its 52-week high.

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Valuation Metrics

The stock’s beta is 1.58. Besides these, the trailing price-to-sales (P/S) ratio of 0.23, the price-to-book (PB) ratio of 0.66.

Financial Health

In the three months ended March 30, JetBlue Airways Corporation’s quick ratio stood at 0.50, while its current ratio was 0.50, 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 March 30 was 0.98, and the total debt-to-equity ratio was 1.06. On the profitability front, the trailing twelve-month gross margin is 59.10% percent. In the year ended March 30, EBITDA margin amounted to 4.44%, whereas operating margins totaled -1.80%. Based on annual data, JBLU earned $4.8 billion in gross profit and brought in $9.16 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -3.10%. Return on equity (ROE) for the past 12 months was -8.60%.

In JetBlue Airways Corporation’s quarter-end financial report for March 30, it reported total debt of $3.32 billion against cash and short-term investments of $204.0 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. JBLU’s revenue rose 25.43% to $2.42 billion during the quarter, while net income inched up to $2.33 billion. While analysts expected JetBlue Airways Corporation to report -$0.38 quarterly earnings, the actual figure was -$0.34 per share, beating the consensus estimate by 10.50%. During the quarter, the company generated -$91.0 million in EBITDA. The liabilities of JetBlue Airways Corporation were 9.85 billion at the end of its most recent quarter ended March 30, and its total debt was $4.29 billion. The value of shareholders’ equity is $327.9 million.

Technical Picture

This quick technical analysis looks at JetBlue Airways Corporation’s (JBLU) price momentum. With a historical volatility rate of 40.12%, the RSI 9-day stood at 44.13% on 25 May.

With respect to its five-day moving average, the current JetBlue Airways Corporation price is down by -5.40% percent or -$0.39. At present, JBLU shares trade -1.73% below its 20-day simple moving average and +5.40% percent above its 100-day simple moving average. However, the stock is currently trading approximately -1.30% below its SMA50 and -19.36% below its SMA200.

Stochastic coefficient K was 23.52% and Stochastic coefficient D was 33.32%, while ATR was 0.23. Given the Stochastic reading of 25.42% for the 14-day period, the RSI (14) reading has been calculated as 45.52%. As of today, the MACD Oscillator reading stands at -0.14, while the 14-day reading stands at -0.13.

Analyst Ratings

JetBlue Airways Corporation (JBLU) has been rated Hold by analysts. According to 2 brokerage firms, JBLU is a sell, and 10 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 1 recommending it as overweight.

With a median target price of $8.13, 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 $8.28.


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