The average price point forecasted by analysts for Jetblue Airways Corp (JBLU) is $4.47, which is $0.08 above the current market price. The public float for JBLU is 332.09M, and currently, short sellers hold a 11.86% ratio of that floaft. The average trading volume of JBLU on November 16, 2023 was 16.81M shares.

JBLU) stock’s latest price update

Jetblue Airways Corp (NASDAQ: JBLU) has seen a decline in its stock price by -3.52 in relation to its previous close of 4.55. However, the company has experienced a 10.30% gain in its stock price over the last five trading sessions. InvestorPlace reported 2023-11-07 that The stock market has been on a downswing throughout the fall. High interest rates, inflation, and geopolitical tensions are among the factors weighing on investor sentiment.

JBLU’s Market Performance

JBLU’s stock has risen by 10.30% in the past week, with a monthly drop of -0.23% and a quarterly drop of -30.87%. The volatility ratio for the week is 7.06% while the volatility levels for the last 30 days are 6.21% for Jetblue Airways Corp The simple moving average for the last 20 days is 4.83% for JBLU stock, with a simple moving average of -34.43% for the last 200 days.

Analysts’ Opinion of JBLU

Many brokerage firms have already submitted their reports for JBLU stocks, with Exane BNP Paribas repeating the rating for JBLU by listing it as a “Underperform.” The predicted price for JBLU in the upcoming period, according to Exane BNP Paribas is $3 based on the research report published on November 10, 2023 of the current year 2023.

JBLU Trading at -2.29% from the 50-Day Moving Average

After a stumble in the market that brought JBLU to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -53.55% of loss for the given period.

Volatility was left at 6.21%, however, over the last 30 days, the volatility rate increased by 7.06%, as shares surge +0.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.09% lower at present.

During the last 5 trading sessions, JBLU rose by +10.93%, which changed the moving average for the period of 200-days by -46.48% in comparison to the 20-day moving average, which settled at $4.19. In addition, Jetblue Airways Corp saw -32.25% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at JBLU starting from Spencer Gerald Alfred, who sale 11,879 shares at the price of $6.35 back on Aug 18. After this action, Spencer Gerald Alfred now owns 0 shares of Jetblue Airways Corp, valued at $75,432 using the latest closing price.

Stock Fundamentals for JBLU

Current profitability levels for the company are sitting at:

• -1.94 for the present operating margin
• +1.21 for the gross margin

The net margin for Jetblue Airways Corp stands at -3.95. The total capital return value is set at -2.14, while invested capital returns managed to touch -4.68. Equity return is now at value -5.28, with -1.37 for asset returns.

Based on Jetblue Airways Corp (JBLU), the company’s capital structure generated 123.01 points at debt to equity in total, while total debt to capital is 55.16. Total debt to assets is 30.34, with long-term debt to equity ratio resting at 104.74. Finally, the long-term debt to capital ratio is 46.97.

When we switch over and look at the enterprise to sales, we see a ratio of 0.46, with the company’s debt to enterprise value settled at 0.86. The receivables turnover for the company is 34.95 and the total asset turnover is 0.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.51.

Conclusion

In a nutshell, Jetblue Airways Corp (JBLU) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.