Jetblue Airways Corp (NASDAQ: JBLU) has experienced a decline in its stock price by -1.27 compared to its previous closing price of 5.52. However, the company has seen a fall of -1.98% in its stock price over the last five trading days. zacks.com reported 2024-06-14 that JetBlue’s (JBLU) new move is likely to strengthen its competitive position in Mexico.
Is It Worth Investing in Jetblue Airways Corp (NASDAQ: JBLU) Right Now?
The 36-month beta value for JBLU is also noteworthy at 1.92. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 1 rating it as “overweight,” 9 rating it as “hold,” and 0 rating it as “sell.”
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The public float for JBLU is 320.69M, and at present, short sellers hold a 15.03% of that float. The average trading volume of JBLU on June 17, 2024 was 12.13M shares.
JBLU’s Market Performance
The stock of Jetblue Airways Corp (JBLU) has seen a -1.98% decrease in the past week, with a -10.51% drop in the past month, and a -22.59% fall in the past quarter. The volatility ratio for the week is 3.82%, and the volatility levels for the past 30 days are at 4.34% for JBLU. The simple moving average for the past 20 days is -2.57% for JBLU’s stock, with a -2.04% simple moving average for the past 200 days.
Analysts’ Opinion of JBLU
Many brokerage firms have already submitted their reports for JBLU stocks, with TD Cowen repeating the rating for JBLU by listing it as a “Hold.” The predicted price for JBLU in the upcoming period, according to TD Cowen is $6 based on the research report published on April 23, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see JBLU reach a price target of $7. The rating they have provided for JBLU stocks is “Neutral” according to the report published on April 18th, 2024.
Barclays gave a rating of “Underweight” to JBLU, setting the target price at $6 in the report published on March 27th of the current year.
JBLU Trading at -9.60% 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 -42.33% of loss for the given period.
Volatility was left at 4.34%, however, over the last 30 days, the volatility rate increased by 3.82%, as shares sank -10.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.73% lower at present.
During the last 5 trading sessions, JBLU fell by -1.98%, which changed the moving average for the period of 200-days by -10.51% in comparison to the 20-day moving average, which settled at $5.56. In addition, Jetblue Airways Corp saw -1.80% 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 ’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
- 0.12 for the gross margin
The net margin for Jetblue Airways Corp stands at -0.09. The total capital return value is set at -0.01. Equity return is now at value -27.81, with -6.20 for asset returns.
Based on Jetblue Airways Corp (JBLU), the company’s capital structure generated 0.68 points at debt to capital in total, while cash flow to debt ratio is standing at 0.04. The debt to equity ratio resting at 2.15. The interest coverage ratio of the stock is -1.34.
Currently, EBITDA for the company is 685.0 million with net debt to EBITDA at 11.21. When we switch over and look at the enterprise to sales, we see a ratio of 0.66. The receivables turnover for the company is 26.23for 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 0.54.
Conclusion
In summary, Jetblue Airways Corp (JBLU) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
