Jetblue Airways Corp (NASDAQ:JBLU) finished Thursday with an addition of $0.12 to close at $4.56, an upside of 2.70 percent. An average of 15,552,120 shares of common stock have been traded in the last five days. There was a gain of $0.03 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 20,406,434 shares traded, while the 50-day average volume stands at 17,742,818.
JBLU stock has decreased by -25.12% in the last month. The company shares reached their 1-month lowest point of $4.34 on 09/28/23. With the stock rallying to its 52-week high on 07/05/23, shares of the company touched a low of $4.36 and a high of $9.45 in 52 weeks. It has reached a new high 14 times so far this year and lost -29.63% or -$1.92 in price. In spite of this, the price is down -51.75% from the 52-week high.
Insider Transactions
JBLU stock investors should be aware that Jetblue Airways Corp (JBLU) stock had its last reported insider trading activity 42 days ago on Aug 18.
Valuation Metrics
Jetblue Airways Corp (JBLU) has a trailing price-to-earnings (P/E) ratio of 59.84. The stock’s beta is 1.72. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.15, the price-to-book (PB) ratio at 0.43.
Financial Health
The quick ratio of Jetblue Airways Corp for the three months ended June 29 was 0.55, and the current ratio was 0.57, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.14 and a total debt to equity ratio of 1.25 for the quarter ending June 29. Jetblue Airways Corp’s EBITDA margin for the year ending June 29 is 4.44%, while its operating margin for the same period stands at 3.87%. Its gross profit as reported stood at $4.8 billion compared to revenue of $9.16 billion.
Earnings Surprise
For the three-month period that ended June 29, Jetblue Airways Corp had $3.49 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 $138.0 million in the quarter, while revenues were grew 236.23%. The analyst consensus anticipated Jetblue Airways Corp’s latest quarter earnings to come in at $0.44 per share, but it turned out to be $0.45, a 2.30% surprise. For the quarter, EBITDA amounted to $390.0 million. Shareholders own equity worth $333.25 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Jetblue Airways Corp (JBLU) price momentum. RSI 9-day as of the close on 28 September was 28.97%, suggesting the stock is oversold, with historical volatility in this time frame at 33.53%.
As of today, JBLU’s price is $4.47 +0.66% or $0.03 from its 5-day moving average. JBLU is currently trading -23.75% lower than its 20-day SMA and -35.04% lower than its 100-day SMA. However, the stock’s current price level is -47.28% below the SMA50 and -38.54% below the SMA200.
The stochastic %K and %D were 11.28% and 7.09%, respectively, and the average true range (ATR) was 0.21. With the 14-day stochastic at 23.66% and the average true range at 0.22, the RSI (14) stands at 25.31%. The stock has reached -0.07 on the 9-day MACD Oscillator while the 14-day reading was at -0.26.
Analyst Ratings
Evercore ISI upgraded Jetblue Airways Corp (NASDAQ: JBLU) to a an In-line rating in its most recent analyst report. Previously, the stock was rated as an Underperform. The consensus rating for Jetblue Airways Corp (JBLU) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell JBLU, while 10 suggest investors hold. There are 1 analyst 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 $4.00 and $7.50, with a median target of $7.00. Taking a look at these predictions, the average price target given by analysts for Jetblue Airways Corp (JBLU) stock is $6.14.
