The stock of JetBlue Airways Corporation (NASDAQ:JBLU) increased by $0.1 on Friday to finish at $6.60, up 1.54 percent. The last five days have seen an average of 12,442,674 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $0.11. The average number of shares traded over the last 20 days was 17,392,994, while the average volume over the last 50 days totaled 14,976,283.
JBLU stock dropped -18.01% since last month. On 08/08/23, the company’s shares reached a one-month low of $6.32. The stock touched a high of $9.45 on 07/05/23, after rallying from a low of $6.18 in 52 weeks. The price of JBLU stock has risen by 1.85% or $0.11 this year, reaching a new high 14 times. Still, the stock price is down -30.16% from the 52-week high.
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Valuation Metrics
JetBlue Airways Corporation (JBLU) has a trailing price-to-earnings (P/E) ratio of 86.84. Beta for the stock is 1.67. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.22, the price-to-book (PB) ratio of 0.62.
Financial Health
For the three months ended June 29, JetBlue Airways Corporation’s quick ratio was 0.60, while its current ratio was 0.60, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.98, and the total debt to equity ratio is 1.06. As far as profitability goes, gross margin for the trailing twelve months is 62.70% percent. JetBlue Airways Corporation’s EBITDA margin for the year ended June 29 was 4.44%, whereas its operating margin stood at 1.80% for the same period. Based on annual data, it had gross profit of $4.8 billion and revenue of $9.16 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. JBLU’s return on assets (ROA) during the last 12 months has been 0.20%. There was a -3.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 0.80%.
Earnings Surprise
According to JetBlue Airways Corporation’s quarterly financial report for the quarter that ended June 29, it had $3.49 billion in total debt versus $205.0 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.61 billion, while revenues rose by 6.32% to $2.33 billion. It was predicted that JetBlue Airways Corporation’s quarterly earnings would be $0.45, but it ended up being $0.44, beating the consensus by 2.30%. EBITDA was $390.0 million for the quarter. At the end of JetBlue Airways Corporation’s most recent quarter ended June 29, its liabilities totaled 9.93 billion, while its total debt was $4.45 billion. Equity owned by shareholders amounts to $333.25 million.
Technical Picture
Here’s a quick look at JetBlue Airways Corporation’s (JBLU) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 29.63%, suggesting the stock is oversold, with a 29.69% historical volatility rate.
The stochastic %K and %D were 12.05% and 10.28% respectively, while the average true range (ATR) was 0.27. Based on the 14-day stochastic reading of 16.06%, the RSI (14) reading is 32.79%. On the 9-day MACD Oscillator, the stock is at -0.06, and the 14-day reading is at -0.43.
Analyst Ratings
JetBlue Airways Corporation (NASDAQ: JBLU) was downgraded by Evercore ISI to a an Underperform rating in its latest research report. The stock was previously rated as a an In-line. Analysts have assigned JetBlue Airways Corporation (JBLU) an Hold rating. JBLU is a stock that is recommended for selling by 3 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is JBLU’s price target for the next 12 months?
The current consensus forecast for the stock is between $4.50 and $9.00, with a median target price of $7.50. In analyzing these forecasts, the average price target given by analysts for JetBlue Airways Corporation (JBLU) is $7.14.
