The trading price of Jetblue Airways Corp (NASDAQ:JBLU) closed higher on Monday, December 09, and closing at $6.82, 3.49% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $6.53 and $6.94. In examining the 52-week price action we see that the stock hit a 52-week high of $8.07 and a 52-week low of $4.49. Over the past month, the stock has gained 12.73% in value.
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Jetblue Airways Corp, whose market valuation is $2.43 billion at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest JBLU has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned JBLU a recommendation rating is 9. Out of them, 5 rate it a Hold, while 3 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Jetblue Airways Corp (JBLU) as Underweight, while 1 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that JBLU’s price is currently 7.38% off the SMA20 and 3.75% off the SMA50. The RSI metric on the 14-day chart is currently showing 58.67, and weekly volatility stands at 6.40%. When measured over the past 30 days, the indicator reaches 5.58%. Jetblue Airways Corp (NASDAQ:JBLU)’s beta value is currently sitting at 1.93, while the Average True Range indicator is currently displaying 0.38. With analysts defining $5.5-$7.75 as the low and high price targets, we arrive at a consensus price target of $6 for the trailing 12-month period. The current price is about 19.35% off the estimated low and -13.64% off the forecast high, based on this estimate. Investors will be thrilled if JBLU’s share price rises to $6, which is the median consensus price. At that level, JBLU’s share price would be 12.02% above current price.
To see how Jetblue Airways Corp stock has been performing in comparison to its peers in the industry, here are the numbers: JBLU stock’s performance was 3.49% in the latest trading, and 25.14% in the past year.
An evaluation of the daily trading volume of Jetblue Airways Corp (NASDAQ:JBLU) indicates that the 3-month average is 18.05 million. However, this figure has increased over the past 10 days to an average of 17.77.
Currently, records show that 347.00 million of the company’s shares remain outstanding. The insiders hold 15.55% of outstanding shares, whereas institutions hold 76.76%. The stats also highlight that short interest as of 2024-11-15, stood at 44.84 million shares, resulting in a short ratio of 2.35 at that time. From this, we can conclude that short interest is 1854.00 of the company’s total outstanding shares. It is noteworthy that short shares in November were down slightly from the previous month’s figure, which was 50.81 million. However, since the stock’s price has seen 22.88% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
