Jetblue Airways Corp (NASDAQ:JBLU) price on Thursday, May 22, rose 1.65% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $4.93.
A look at the stock’s price movement, the close in the last trading session was $4.85. Turning to its 52-week performance, $8.31 and $3.34 were the 52-week high and 52-week low respectively. Overall, JBLU moved 27.06% over the past month.
Jetblue Airways Corp’s market cap currently stands at around $1.75 billion, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 2.26B for the company’s revenue for the quarter, with a low and high estimate of 2.24B and 2.31B respectively. The average forecast suggests down to a -6.88% 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 9.01B, representing a -2.87% decline 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 Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% 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 5.50% and 6.68% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 55.51, while 7-day volatility ratio is 4.07% and 3.72% in the 30-day chart. Further, Jetblue Airways Corp (JBLU) has a beta value of 1.81, and an average true range (ATR) of 0.30. Analysts have given the company’s stock an average 52-week price target of $7, forecast between a low of $7 and high of $7. Looking at the price targets, the low is -41.99% off current price level while to achieve the yearly target high, price needs to move -41.99%. Nonetheless, investors will most likely welcome a -41.99% 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 27.87 million over the past 3 months. The company’s latest data on shares outstanding shows there are 354.00 million shares.
The 19.96% of Jetblue Airways Corp’s shares are in the hands of company insiders while institutional holders own 78.31% of the company’s shares. Current price change has pushed the stock -37.28% 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.
