JetBlue Airways Corporation (NASDAQ:JBLU) saw an upside of 1.39% to close Tuesday at $6.56 after adding $0.09 on the day. The 5-day average trading volume is 22,445,020 shares of the company’s common stock. It has gained $7.08 in the past week and touched a new high 1 time within the past 5 days. An average of 19,469,756 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 14,936,842.
JBLU’s 1-month performance is -29.31% or -$2.37 on its low of $6.32 reached on 08/08/23. The company’s shares have touched a 52-week low of $6.18 and high of $9.45, with the stock’s rally to the 52-week high happening on 07/05/23. YTD, JBLU has achieved 1.23% or $0.08 and has reached a new high 14 times. However, the current price is down -30.58% from the 52-week high price.
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Valuation Metrics
JBLU stock has a beta of 1.66. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.22 while the price-to-book (PB) in the most recent quarter is 0.61.
JetBlue Airways Corporation’s quick ratio for the period ended June 29 was 0.60, with the current ratio over the same period at 0.60. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.98, while the total debt to equity was 1.06.. In terms of profitability, the gross margin trailing 12 months is 62.70%. The firm’s gross profit as reported stood at $4.8 billion against revenue of $9.16 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, JetBlue Airways Corporation’s cash and short-term investments amounted to $205.0 million against total debt of $4.45 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 236.23% to $138.0 million, while revenue of -$192.0 million was 239.13% off the previous quarter. Analysts expected JBLU to announce $0.44 per share in earnings in its latest quarter, but it posted $0.45, representing a 2.30% surprise. EBITDA for the quarter stood at more than $390.0 million. JBLU stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 9.93 billion, with total debt at $4.45 billion. Shareholders hold equity totaling $333.25 million.
Let’s look briefly at JetBlue Airways Corporation (JBLU) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 24.17% to suggest the stock is trending oversold, with historical volatility in this time period at 46.01%.
The stock’s 5-day moving average is $6.65, reflecting a -7.93% or -$0.57 change from its current price. JBLU is currently trading -27.43% above its 20-day SMA, -5.20% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -3.95% and SMA200 by-4.23%.
Stochastic %K and %D was 6.64% and 4.56% and the average true range (ATR) pointed at 0.33. The RSI (14) points at 30.22%, while the 14-day stochastic is at 10.76% with the period’s ATR at 0.34. The stock’s 9-day MACD Oscillator is pointing at -0.51 and -0.88 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for JetBlue Airways Corporation (NASDAQ: JBLU), Evercore ISI downgraded it to an Underperform rating. They previously had an In-line rating on the stock.
What is JBLU’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $4.50 and a high of $9.00, with their median price target at $7.50. Looking at these predictions, the average price target given by analysts is for JetBlue Airways Corporation (JBLU) stock is $7.14.
