Jetblue Airways Corp (JBLU) Stock: A Closer Look at the Market Potential

while the 36-month beta value is 1.82.

The public float for JBLU is 332.09M, and currently, short sellers hold a 10.62% ratio of that floaft. The average trading volume of JBLU on February 13, 2024 was 0.79 shares.

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JBLU) stock’s latest price update

The stock price of Jetblue Airways Corp (NASDAQ: JBLU) has surged by 6.07 when compared to previous closing price of 4.80, but the company has seen a 8.78% gain in its stock price over the last five trading sessions. Forbes reported 2024-02-12 that Hedge fund billionaire Carl Icahn reported a near 10% stake in JetBlue on Monday and said the airline’s stock was undervalued, according to a filing, rocketing the company’s stock up as high as 19% in after-hours trading—weeks after JetBlue’s plans to merge with rival Spirit Airlines were blocked by a federal judge.

JBLU’s Market Performance

JBLU’s stock has risen by 8.78% in the past week, with a monthly rise of 17.18% and a quarterly rise of 52.51%. The volatility ratio for the week is 6.49% while the volatility levels for the last 30 days are 6.70% for Jetblue Airways Corp The simple moving average for the last 20 days is 28.81% for JBLU stock, with a simple moving average of Jan 30 BMO for the last 200 days.

Analysts’ Opinion of JBLU

Many brokerage firms have already submitted their reports for JBLU stocks, with BofA Securities repeating the rating for JBLU by listing it as a “Underperform.” The predicted price for JBLU in the upcoming period, according to BofA Securities is $3 based on the research report published on January 09, 2024 of the current year 2024.

JBLU Trading at -3.73% 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 -35.77% of loss for the given period.

Volatility was left at 6.70%, however, over the last 30 days, the volatility rate increased by 6.49%, as shares surge +24.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +36.40% upper at present.

During the last 5 trading sessions, JBLU rose by +8.78%, which changed the moving average for the period of 200-days by -11.77% in comparison to the 20-day moving average, which settled at $5.42. In addition, Jetblue Airways Corp saw 9.37% in overturn over a single year, with a tendency to cut further gains.

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

Equity return is now at value -9.01, with -2.20 for asset returns.

Conclusion

In a nutshell, Jetblue Airways Corp (JBLU) has experienced a better 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.

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