Jetblue Airways Corp (NASDAQ: JBLU) has experienced a decline in its stock price by -0.70 compared to its previous closing price of 7.11. However, the company has seen a gain of 11.36% in its stock price over the last five trading days. fool.com reported 2024-11-13 that The potential bankruptcy of a rival lifted shares on the prospects of less competition.
Is It Worth Investing in Jetblue Airways Corp (NASDAQ: JBLU) Right Now?
Moreover, the 36-month beta value for JBLU is 1.97. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 1 as “overweight,” 9 as “hold,” and 1 as “sell.”
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The public float for JBLU is 310.67M and currently, short sellers hold a 15.51% of that float. On November 18, 2024, JBLU’s average trading volume was 17.19M shares.
JBLU’s Market Performance
JBLU’s stock has seen a 11.36% increase for the week, with a -4.72% drop in the past month and a 47.08% gain in the past quarter. The volatility ratio for the week is 5.76%, and the volatility levels for the past 30 days are at 5.74% for Jetblue Airways Corp The simple moving average for the last 20 days is 8.01% for JBLU’s stock, with a simple moving average of 14.53% for the last 200 days.
Analysts’ Opinion of JBLU
Many brokerage firms have already submitted their reports for JBLU stocks, with Goldman repeating the rating for JBLU by listing it as a “Sell.” The predicted price for JBLU in the upcoming period, according to Goldman is $5.50 based on the research report published on November 15, 2024 of the current year 2024.
BofA Securities, 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 $3. The rating they have provided for JBLU stocks is “Neutral” according to the report published on September 09th, 2024.
TD Cowen gave a rating of “Hold” to JBLU, setting the target price at $6 in the report published on September 06th of the current year.
JBLU Trading at 9.08% 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 -12.52% of loss for the given period.
Volatility was left at 5.74%, however, over the last 30 days, the volatility rate increased by 5.76%, as shares sank -12.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +33.21% upper at present.
During the last 5 trading sessions, JBLU rose by +11.36%, which changed the moving average for the period of 200-days by +26.52% in comparison to the 20-day moving average, which settled at $6.54. In addition, Jetblue Airways Corp saw 27.21% 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:
- -0.02 for the present operating margin
- 0.08 for the gross margin
The net margin for Jetblue Airways Corp stands at -0.09. The total capital return value is set at -0.02. Equity return is now at value -28.20, with -5.69 for asset returns.
Based on Jetblue Airways Corp (JBLU), the company’s capital structure generated 0.76 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 3.11. The interest coverage ratio of the stock is -0.74.
Currently, EBITDA for the company is 497.0 million with net debt to EBITDA at -694.11. When we switch over and look at the enterprise to sales, we see a ratio of 0.93. The receivables turnover for the company is 33.07for trailing twelve months and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.21.
Conclusion
To wrap up, the performance of Jetblue Airways Corp (JBLU) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
