Jetblue Airways Corp (NASDAQ: JBLU) has experienced a decline in its stock price by 0.00 compared to its previous closing price of 7.11. However, the company has seen a gain of 5.33% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-19 that JetBlue (JBLU) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Is It Worth Investing in Jetblue Airways Corp (NASDAQ: JBLU) Right Now?
Company’s 36-month beta value is 1.83.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 1 as “overweight,” 9 as “hold,” and 0 as “sell.”
The public float for JBLU is 337.85M, and currently, short sellers hold a 12.90% ratio of that floaft. The average trading volume of JBLU on April 22, 2024 was 15.18M shares.
JBLU’s Market Performance
The stock of Jetblue Airways Corp (JBLU) has seen a 5.33% increase in the past week, with a -0.84% drop in the past month, and a 42.48% gain in the past quarter. The volatility ratio for the week is 4.94%, and the volatility levels for the past 30 days are at 4.20% for JBLU. The simple moving average for the past 20 days is 1.46% for JBLU’s stock, with a 20.98% simple moving average for the past 200 days.
Analysts’ Opinion of JBLU
Many brokerage firms have already submitted their reports for JBLU stocks, with JP Morgan repeating the rating for JBLU by listing it as a “Neutral.” The predicted price for JBLU in the upcoming period, according to JP Morgan is $7 based on the research report published on April 18, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see JBLU reach a price target of $6. The rating they have provided for JBLU stocks is “Underweight” according to the report published on March 27th, 2024.
Deutsche Bank gave a rating of “Buy” to JBLU, setting the target price at $9 in the report published on February 20th of the current year.
JBLU Trading at 3.72% 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 -24.76% of loss for the given period.
Volatility was left at 4.20%, however, over the last 30 days, the volatility rate increased by 4.94%, as shares sank -2.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.40% upper at present.
During the last 5 trading sessions, JBLU rose by +5.33%, which changed the moving average for the period of 200-days by -23.79% in comparison to the 20-day moving average, which settled at $7.00. In addition, Jetblue Airways Corp saw 28.11% 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 ’23. 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:
- -0.02 for the present operating margin
- 0.16 for the gross margin
The net margin for Jetblue Airways Corp stands at -0.03. The total capital return value is set at -0.02. Equity return is now at value -9.01, with -2.09 for asset returns.
Based on Jetblue Airways Corp (JBLU), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at 1.61. The interest coverage ratio of the stock is -2.19.
Currently, EBITDA for the company is 685.0 million with net debt to EBITDA at 14.94. When we switch over and look at the enterprise to sales, we see a ratio of 0.69. The receivables turnover for the company is 28.62for trailing twelve months and the total asset turnover is 0.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.60.
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.
