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.”
The public float for JBLU is 310.63M, and at present, short sellers hold a 17.37% of that float. The average trading volume of JBLU on October 18, 2024 was 17.52M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
JBLU) stock’s latest price update
Jetblue Airways Corp (NASDAQ: JBLU) has seen a rise in its stock price by 7.56 in relation to its previous close of 7.41. However, the company has experienced a 18.60% gain in its stock price over the last five trading sessions. youtube.com reported 2024-10-09 that The airline industry is grappling with multiple challenges, including severe weather events such as Hurricane Milton in Florida disrupting operations. Citi Managing Director Steve Trent joins to analyze airline stocks amid these headwinds.
JBLU’s Market Performance
Jetblue Airways Corp (JBLU) has seen a 18.60% rise in stock performance for the week, with a 40.07% gain in the past month and a 31.30% surge in the past quarter. The volatility ratio for the week is 3.97%, and the volatility levels for the past 30 days are at 4.69% for JBLU. The simple moving average for the past 20 days is 17.91% for JBLU’s stock, with a 32.10% simple moving average for the past 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 “Neutral.” The predicted price for JBLU in the upcoming period, according to BofA Securities is $6 based on the research report published on September 09, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see JBLU reach a price target of $6, previously predicting the price at $5. The rating they have provided for JBLU stocks is “Hold” according to the report published on September 06th, 2024.
TD Cowen gave a rating of “Hold” to JBLU, setting the target price at $5 in the report published on August 15th of the current year.
JBLU Trading at 36.70% 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 able to rebound, for now settling with 4.18% of gains for the given period.
Volatility was left at 4.69%, however, over the last 30 days, the volatility rate increased by 3.97%, as shares surge +38.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +31.07% upper at present.
During the last 5 trading sessions, JBLU rose by +18.01%, which changed the moving average for the period of 200-days by +60.85% in comparison to the 20-day moving average, which settled at $6.76. In addition, Jetblue Airways Corp saw 43.60% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for JBLU
Current profitability levels for the company are sitting at:
- -0.03 for the present operating margin
- 0.06 for the gross margin
The net margin for Jetblue Airways Corp stands at -0.1. The total capital return value is set at -0.03. Equity return is now at value -30.33, with -6.90 for asset returns.
Based on Jetblue Airways Corp (JBLU), the company’s capital structure generated 0.67 points at debt to capital in total, while cash flow to debt ratio is standing at -0.01. The debt to equity ratio resting at 2.0. The interest coverage ratio of the stock is -2.66.
Currently, EBITDA for the company is 685.0 million with net debt to EBITDA at 14.01. When we switch over and look at the enterprise to sales, we see a ratio of 0.8. The receivables turnover for the company is 27.72for trailing twelve months and the total asset turnover is 0.67. 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 better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
