Jetblue Airways Corp (NASDAQ:JBLU) price on Wednesday, February 05, fall -0.97% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $6.12.
A look at the stock’s price movement, the close in the last trading session was $6.18, moving within a range at $6.11 and $6.35. The beta value (5-Year monthly) was 1.926. Turning to its 52-week performance, $8.31 and $4.49 were the 52-week high and 52-week low respectively. Overall, JBLU moved -18.51% over the past month.
Jetblue Airways Corp’s market cap currently stands at around $2.12 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 2.19B for the company’s revenue for the quarter, with a low and high estimate of 2.16B and 2.23B respectively. The average forecast suggests down to a -1.04% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 9.72B, representing a 4.75% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that JBLU is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
9 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 5 analyst(s) rate the stock as a Hold, 3 recommend JBLU as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
JBLU’s current price about -15.15% and -13.43% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.71, while 7-day volatility ratio is 6.56% and 6.36% in the 30-day chart. Further, Jetblue Airways Corp (JBLU) has a beta value of 1.82, and an average true range (ATR) of 0.50. Analysts have given the company’s stock an average 52-week price target of $6, forecast between a low of $5.5 and high of $7.75. Looking at the price targets, the low is 10.13% off current price level while to achieve the yearly target high, price needs to move -26.63%. Nonetheless, investors will most likely welcome a 1.96% jump to $6 which is the analysts’ median price.
If we refocus on Jetblue Airways Corp (NASDAQ:JBLU), historical trading data shows that trading volumes averaged 37.5 over the past 10 days and 21.07 million over the past 3 months. The company’s latest data on shares outstanding shows there are 346.88 million shares.
The 15.55% of Jetblue Airways Corp’s shares are in the hands of company insiders while institutional holders own 76.71% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 52.63 million on 2024-12-31, giving us a short ratio of 2.95. The data shows that as of 2024-12-31 short interest in Jetblue Airways Corp (JBLU) stood at 2176.0 of shares outstanding, with shares short rising to 51.89 million registered in 2024-11-29. Current price change has pushed the stock -22.14% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the JBLU stock continues to rise going into the next quarter.
