Additionally, the 36-month beta value for JBLU is 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 currently, short sellers hold a 17.37% ratio of that float. The average trading volume of JBLU on October 22, 2024 was 17.69M shares.
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JBLU) stock’s latest price update
Jetblue Airways Corp (NASDAQ: JBLU) has seen a decline in its stock price by -6.09 in relation to its previous close of 8.05. However, the company has experienced a 10.53% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-10-21 that NEW YORK–(BUSINESS WIRE)–On Saturday, October 19, JetBlue (Nasdaq: JBLU) hosted its 10th annual Fly Like a Girl event in Boston, one of the airline’s major focus cities. Fly Like a Girl offers girls direct access to learn about different careers in the aviation industry from JetBlue’s female crewmembers who play an integral role in the airline’s success in the sky and on the ground. In partnership with the Massachusetts Port Authority (Massport) and JetBlue’s Women in Flight Crewmember Resour.
JBLU’s Market Performance
Jetblue Airways Corp (JBLU) has seen a 10.53% rise in stock performance for the week, with a 32.17% gain in the past month and a 27.70% surge in the past quarter. The volatility ratio for the week is 5.58%, and the volatility levels for the past 30 days are at 5.07% for JBLU. The simple moving average for the last 20 days is 10.28% for JBLU stock, with a simple moving average of 25.07% 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 “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 28.96% 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 -6.32% of loss for the given period.
Volatility was left at 5.07%, however, over the last 30 days, the volatility rate increased by 5.58%, as shares surge +31.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.96% upper at present.
During the last 5 trading sessions, JBLU rose by +10.53%, which changed the moving average for the period of 200-days by +42.11% in comparison to the 20-day moving average, which settled at $6.86. In addition, Jetblue Airways Corp saw 36.22% 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 0.79. 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 conclusion, Jetblue Airways Corp (JBLU) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
