JetBlue Airways Corporation [NASDAQ: JBLU] plunged by -$0.01 during the normal trading session on Monday and reaching a high of $11.9733 during the day while it closed the day at $11.76.
JetBlue Airways Corporation stock has also loss -1.59% of its value over the past 7 days. However, JBLU stock has inclined by 12.00% in the 3 months of the year. Over the past six months meanwhile, it has gained 52.13% and lost -37.18% year-on date.
The market cap for JBLU stock reached $3.12 billion, with 271.70 million shares outstanding and 270.14 million shares in the current float. Compared to the average trading volume of 9.73M shares, JBLU reached a trading volume of 5268886 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about JetBlue Airways Corporation [JBLU]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for JBLU shares is $12.71 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on JBLU stock is a recommendation set at 2.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Morgan Stanley have made an estimate for JetBlue Airways Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on September 08, 2020. While these analysts kept the previous recommendation, Seaport Global Securities raised their target price to Buy. The new note on the price target was released on June 17, 2020, representing the official price target for JetBlue Airways Corporation stock. Previously, the target price had yet another raise to $11, while JP Morgan analysts kept a Underweight rating on JBLU stock.
The Average True Range (ATR) for JetBlue Airways Corporation is set at 0.59, with the Price to Sales ratio for JBLU stock in the period of the last 12 months amounting to 0.53. The Price to Book ratio for the last quarter was 0.78, with the Price to Cash per share for the same quarter was set at 10.94. Price to Free Cash Flow for JBLU in the course of the last twelve months was 5.52 with Quick ratio for the last quarter at 0.90.
JBLU stock trade performance evaluation
JetBlue Airways Corporation [JBLU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.59. With this latest performance, JBLU shares gained by 0.09% in over the last four-week period, additionally plugging by 52.13% over the last 6 months – not to mention a drop of -28.12% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for JBLU stock in for the last two-week period is set at 50.61, with the RSI for the last a single of trading hit 49.96, and the three-weeks RSI is set at 51.11 for JetBlue Airways Corporation [JBLU]. The present Moving Average for the last 50 days of trading for this stock 11.45, while it was recorded at 11.55 for the last single week of trading, and 12.77 for the last 200 days.
JetBlue Airways Corporation [JBLU]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and JetBlue Airways Corporation [JBLU] shares currently have an operating margin of +10.12 and a Gross Margin at +13.70. JetBlue Airways Corporation’s Net Margin is presently recorded at +7.03.
Return on Total Capital for JBLU is now 11.18, given the latest momentum, and Return on Invested Capital for the company is 8.20. Return on Equity for this stock inclined to 12.09, with Return on Assets sitting at 5.09. When it comes to the capital structure of this company, JetBlue Airways Corporation [JBLU] has a Total Debt to Total Equity ratio set at 65.68. Additionally, JBLU Total Debt to Total Capital is recorded at 39.64, with Total Debt to Total Assets ending up at 26.45. Long-Term Debt to Equity for the company is recorded at 55.84, with the Long-Term Debt to Total Capital now at 33.71.
Receivables Turnover for the company is 36.62 with a Total Asset Turnover recorded at a value of 0.72.JetBlue Airways Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 0.90.
Earnings per share (EPS) analysis for JetBlue Airways Corporation [JBLU] stock
With the latest financial reports released by the company, JetBlue Airways Corporation posted 0.59/share EPS, while the average EPS was predicted by analysts to be reported at 0.51/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 15.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for JBLU.
JetBlue Airways Corporation [JBLU]: Insider Ownership positions
There are presently around $2,482 million, or 81.10% of JBLU stock, in the hands of institutional investors. The top three institutional holders of JBLU stocks are: VANGUARD GROUP INC with ownership of 24,213,621, which is approximately -19.513% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 23,043,154 shares of the stock with an approximate value of $270.99 million in JBLU stocks shares; and PRIMECAP MANAGEMENT CO/CA/, currently with $223.44 million in JBLU stock with ownership of nearly -8.463% of the company’s market capitalization.
Positions in JetBlue Airways Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 161 institutional holders increased their position in JetBlue Airways Corporation [NASDAQ:JBLU] by around 22,289,863 shares. Additionally, 196 investors decreased positions by around 52,997,651 shares, while 50 investors held positions by with 135,737,099 shares. The mentioned changes placed institutional holdings at 211,024,613 shares, according to the latest SEC report filing. JBLU stock had 58 new institutional investments in for a total of 4,046,948 shares, while 73 institutional investors sold positions of 8,276,154 shares during the same period.