Jetblue Airways Corp (NASDAQ: JBLU)’s stock price has plunge by -3.46relation to previous closing price of 4.34. Nevertheless, the company has seen a 8.27% surge in its stock price over the last five trading sessions. Seeking Alpha reported 2023-11-19 that Spirit Airlines and JetBlue’s proposed merger is still awaiting a final verdict from the DOJ after almost a year and a half. Spirit’s value lies in its Airbus orders, which include more than 100 airplanes that will significantly increase capacity and fuel efficiency. Despite a forecasted net loss for FY’23 and FY’24, there is potential for Spirit to become profitable again in H2’24 and achieve significant net income in the future.

Is It Worth Investing in Jetblue Airways Corp (NASDAQ: JBLU) Right Now?

and a 36-month beta value of 1.75. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 9 as “hold,” and 3 as “sell.”

The average price predicted for Jetblue Airways Corp (JBLU) by analysts is $4.47, which is $0.28 above the current market price. The public float for JBLU is 331.73M, and at present, short sellers hold a 11.87% of that float. On November 20, 2023, the average trading volume of JBLU was 16.79M shares.

JBLU’s Market Performance

JBLU stock saw a decrease of 8.27% in the past week, with a monthly decline of -4.88% and a quarterly a decrease of -33.60%. The volatility ratio for the week is 7.04%, and the volatility levels for the last 30 days are 6.34% for Jetblue Airways Corp (JBLU). The simple moving average for the last 20 days is 0.13% for JBLU stock, with a simple moving average of -37.23% 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 -6.31% 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 -55.66% of loss for the given period.

Volatility was left at 6.34%, however, over the last 30 days, the volatility rate increased by 7.04%, as shares sank -6.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.11% lower at present.

During the last 5 trading sessions, JBLU rose by +8.27%, which changed the moving average for the period of 200-days by -54.56% in comparison to the 20-day moving average, which settled at $4.17. In addition, Jetblue Airways Corp saw -35.34% 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 0.45, 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

To sum up, Jetblue Airways Corp (JBLU) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.