As of Wednesday close, JetBlue Airways Corporation’s (NASDAQ:JBLU) stock was down -$0.05, moving down -0.77 percent to $6.41. The average number of shares traded per day over the past five days has been 12,538,561 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.07 fall in that time frame. In the last twenty days, the average volume was 16,889,455, while in the previous 50 days, it was 15,288,178.
Since last month, JBLU stock retreated -23.14%. Shares of the company fell to $6.32 on 08/08/23, the lowest level in the past month. A 52-week high of $9.45 was reached on 07/05/23 after having rallying from a 52-week low of $6.18. Since the beginning of this year, JBLU’s stock price has dropped by -1.08% or -$0.07, and marked a new high 14 times. However, the stock has declined by -32.17% since its 52-week high.
Valuation Metrics
Right now, JetBlue Airways Corporation (JBLU) has a P/E ratio of about 84.34. The stock’s beta is 1.67. Besides these, the trailing price-to-sales (P/S) ratio of 0.22, the price-to-book (PB) ratio of 0.60.
Financial Health
In the three months ended June 29, JetBlue Airways Corporation’s quick ratio stood at 0.60, while its current ratio was 0.60, 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 June 29 was 0.98, and the total debt-to-equity ratio was 1.06. On the profitability front, the trailing twelve-month gross margin is 62.70% percent. In the year ended June 29, 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 0.80%.
In JetBlue Airways Corporation’s quarter-end financial report for June 29, it reported total debt of $3.49 billion against cash and short-term investments of $205.0 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 6.32% to $2.33 billion during the quarter, while net income inched up to $2.61 billion. While analysts expected JetBlue Airways Corporation to report $0.44 quarterly earnings, the actual figure was $0.45 per share, beating the consensus estimate by 2.30%. During the quarter, the company generated $390.0 million in EBITDA. The liabilities of JetBlue Airways Corporation were 9.93 billion at the end of its most recent quarter ended June 29, and its total debt was $4.45 billion. The value of shareholders’ equity is $333.25 million.
Technical Picture
This quick technical analysis looks at JetBlue Airways Corporation’s (JBLU) price momentum. With a historical volatility rate of 25.19%, the RSI 9-day stood at 26.74% on 16 August.
With respect to its five-day moving average, the current JetBlue Airways Corporation price is down by -1.08% percent or -$0.07. At present, JBLU shares trade -25.90% below its 20-day simple moving average and -3.32% percent below its 100-day simple moving average. However, the stock is currently trading approximately -8.17% below its SMA50 and -15.88% below its SMA200.
Stochastic coefficient K was 10.71% and Stochastic coefficient D was 11.90%, while ATR was 0.26. Given the Stochastic reading of 5.45% for the 14-day period, the RSI (14) reading has been calculated as 30.84%. As of today, the MACD Oscillator reading stands at -0.03, while the 14-day reading stands at -0.29.
Analyst Ratings
JetBlue Airways Corporation downgraded its rating on JetBlue Airways Corporation (NASDAQ: JBLU) to an Underperform in a note to investors on July 11, 2023. The analysts firm previously had an In-line rating on the stock.JetBlue Airways Corporation (JBLU) has been rated Hold by analysts. According to 3 brokerage firms, JBLU is a sell, and 8 firms recommend it is a Hold. There are 1 analyst 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 $7.50, the current consensus forecast for the stock is $4.50 – $9.00. Based on these forecasts, analysts predict JetBlue Airways Corporation (JBLU) will achieve an average price target of $7.14.
