Jetblue Airways Corp (NASDAQ:JBLU) price on current trading day, fall -2.21% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $5.53.
A look at the stock’s price movement, the level at last check in today’s session was $5.66, moving within a range at $5.49 and $5.615. The beta value (5-Year monthly) was 1.806. Turning to its 52-week performance, $8.31 and $4.49 were the 52-week high and 52-week low respectively. Overall, JBLU moved -24.49% over the past month.
Jetblue Airways Corp’s market cap currently stands at around $1.95 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Jan-27.
Analysts have a consensus estimate of 2.17B for the company’s revenue for the quarter, with a low and high estimate of 2.12B and 2.23B respectively. The average forecast suggests down to a -1.80% 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 9.64B, representing a 3.89% 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 100% Sell. On the other hand, the stock is on average a Hold 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 -8.92% and -17.18% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 38.62, while 7-day volatility ratio is 3.85% and 6.05% in the 30-day chart. Further, Jetblue Airways Corp (JBLU) has a beta value of 1.63, and an average true range (ATR) of 0.37. Analysts have given the company’s stock an average 52-week price target of $7, forecast between a low of $5.5 and high of $7.75. Looking at the price targets, the low is 0.54% off recent price level in today’s trading while to achieve the yearly target high, it has to move -40.14%. Nonetheless, investors will most likely welcome a -26.58% jump to $7 which is the analysts’ median price.
If we refocus on Jetblue Airways Corp (NASDAQ:JBLU), historical trading data shows that trading volumes averaged 23.36 over the past 10 days and 22.50 million over the past 3 months. The company’s latest data on shares outstanding shows there are 353.00 million shares.
The 15.38% of Jetblue Airways Corp’s shares are in the hands of company insiders while institutional holders own 83.68% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 52.65 million on 2025-02-28, giving us a short ratio of 1.89. The data shows that as of 2025-02-28 short interest in Jetblue Airways Corp (JBLU) stood at 2123.0 of shares outstanding, with shares short falling to 52.87 million registered in 2025-01-31. Current price change has pushed the stock -29.58% 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.
