JetBlue Airways Corporation [JBLU] fell -22.49% so far this year. What now?

JetBlue Airways Corporation [NASDAQ: JBLU] loss -2.03% on the last trading session, reaching $14.51 price per share at the time. The company report on November 21, 2020 that JetBlue Inflight Crewmembers Decline to Ratify Contract.

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JetBlue (NASDAQ: JBLU) with its inflight crewmembers represented by the Transport Workers Union (TWU), announced that crewmembers have voted not to approve the tentative agreement between JetBlue and TWU.

“We are disappointed in the results of the vote,” said Ian Deason, head of customer experience, JetBlue. “Both the TWU and JetBlue worked through unprecedented circumstances to reach an agreement that was fair to our inflight crewmembers. We will work with TWU to determine next steps.”.

JetBlue Airways Corporation represents 272.40 million in outstanding shares, while the company has a total market value of $4.04 billion with the latest information. JBLU stock price has been found in the range of $14.35 to $14.72.

If compared to the average trading volume of 8.95M shares, JBLU reached a trading volume of 6214636 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $13.84 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 2.80. 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.

JP Morgan have made an estimate for JetBlue Airways Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on October 07, 2020. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Overweight. The new note on the price target was released on September 08, 2020, representing the official price target for JetBlue Airways Corporation stock. Previously, the target price had yet another raise to $18, while Seaport Global Securities analysts kept a Buy rating on JBLU stock.

The Average True Range (ATR) for JetBlue Airways Corporation is set at 0.76, with the Price to Sales ratio for JBLU stock in the period of the last 12 months amounting to 0.93. The Price to Book ratio for the last quarter was 1.06, with the Price to Cash per share for the same quarter was set at 10.86.

Trading performance analysis for JBLU stock

JetBlue Airways Corporation [JBLU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.47. With this latest performance, JBLU shares gained by 11.62% in over the last four-week period, additionally plugging by 37.34% over the last 6 months – not to mention a drop of -22.11% 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 60.30, with the RSI for the last a single of trading hit 59.63, and the three-weeks RSI is set at 58.98 for JetBlue Airways Corporation [JBLU]. The present Moving Average for the last 50 days of trading for this stock 12.60, while it was recorded at 14.72 for the last single week of trading, and 11.67 for the last 200 days.

JetBlue Airways Corporation [JBLU]: A deeper dive into fundamental analysis

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 1.20 and a Current Ratio set at 1.20.

JetBlue Airways Corporation [JBLU]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, JetBlue Airways Corporation posted 0.56/share EPS, while the average EPS was predicted by analysts to be reported at 0.55/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1.80%. 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.

An analysis of insider ownership at JetBlue Airways Corporation [JBLU]

There are presently around $3,081 million, or 81.50% of JBLU stock, in the hands of institutional investors. The top three institutional holders of JBLU stocks are: VANGUARD GROUP INC with ownership of 23,504,568, which is approximately -2.928% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 22,189,806 shares of the stock with an approximate value of $321.97 million in JBLU stocks shares; and FMR LLC, currently with $320.83 million in JBLU stock with ownership of nearly 32.733% of the company’s market capitalization.

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Positions in JetBlue Airways Corporation stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 118 institutional holders increased their position in JetBlue Airways Corporation [NASDAQ:JBLU] by around 19,403,652 shares. Additionally, 188 investors decreased positions by around 18,201,681 shares, while 67 investors held positions by with 174,735,590 shares. The mentioned changes placed institutional holdings at 212,340,923 shares, according to the latest SEC report filing. JBLU stock had 37 new institutional investments in for a total of 3,031,600 shares, while 62 institutional investors sold positions of 3,216,784 shares during the same period.

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