JetBlue Airways Corporation [NASDAQ: JBLU] gained 3.58% or 0.66 points to close at $19.12 with a heavy trading volume of 8824526 shares. The company report on February 27, 2021 that JetBlue Takes Delivery of Its First Airbus A321neo Aircraft Featuring Reimagined Mint® for North American Flying.
All-New Aircraft Layout Offers Industry-Leading Comfort and Connectivity on Select Flights between New York and Los Angeles Starting this Summer.
JetBlue (NASDAQ:JBLU) announced it has formally taken delivery of its first Airbus A321neo (new engine option) aircraft configured with the airline’s reimagined premium Mint® experience and an all-new onboard layout, featuring comfort and connectivity perks that set the airline apart from other U.S. carriers. The aircraft is scheduled to arrive at JetBlue’s home at New York’s John F. Kennedy International Airport (JFK) tonight from the Airbus production facility in Hamburg, Germany.
It opened the trading session at $18.64, the shares rose to $19.37 and dropped to $18.52, the range by which the price of stock traded the whole day. The daily chart for JBLU points out that the company has recorded 65.97% gains over the past six months. However, it is still -189.26% lower than its most recent low trading price.
If we look at the average trading volume of 9.32M shares, JBLU reached to a volume of 8824526 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 $16.23 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.
Deutsche Bank have made an estimate for JetBlue Airways Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 22, 2021. The new note on the price target was released on January 15, 2021, representing the official price target for JetBlue Airways Corporation stock. Previously, the target price had yet another raise to $17, while Cowen analysts kept a Outperform rating on JBLU stock.
The Average True Range (ATR) for JetBlue Airways Corporation is set at 0.73, with the Price to Sales ratio for JBLU stock in the period of the last 12 months amounting to 2.04. The Price to Book ratio for the last quarter was 1.40, with the Price to Cash per share for the same quarter was set at 9.57. Price to Free Cash Flow for JBLU in the course of the last twelve months was 10.68 with Quick ratio for the last quarter at 1.20.
Trading performance analysis for JBLU stock
JetBlue Airways Corporation [JBLU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.10. With this latest performance, JBLU shares gained by 33.52% in over the last four-week period, additionally plugging by 65.97% over the last 6 months – not to mention a rise of 27.38% 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 73.24, with the RSI for the last a single of trading hit 76.13, and the three-weeks RSI is set at 70.08 for JetBlue Airways Corporation [JBLU]. The present Moving Average for the last 50 days of trading for this stock 15.74, while it was recorded at 18.60 for the last single week of trading, and 13.00 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 -67.53 and a Gross Margin at -63.81. JetBlue Airways Corporation’s Net Margin is presently recorded at -46.06.
Return on Total Capital for JBLU is now -23.83, given the latest momentum, and Return on Invested Capital for the company is -16.73. Return on Equity for this stock declined to -31.16, with Return on Assets sitting at -10.78. When it comes to the capital structure of this company, JetBlue Airways Corporation [JBLU] has a Total Debt to Total Equity ratio set at 123.33. Additionally, JBLU Total Debt to Total Capital is recorded at 55.22, with Total Debt to Total Assets ending up at 36.42. Long-Term Debt to Equity for the company is recorded at 123.33, with the Long-Term Debt to Total Capital now at 55.22.
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 -0.42/share EPS, while the average EPS was predicted by analysts to be reported at -0.36/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -16.70%. 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.
An analysis of insider ownership at JetBlue Airways Corporation [JBLU]
There are presently around $4,803 million, or 83.00% of JBLU stock, in the hands of institutional investors. The top three institutional holders of JBLU stocks are: FMR LLC with ownership of 37,926,719, which is approximately 71.526% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 27,182,298 shares of the stock with an approximate value of $519.73 million in JBLU stocks shares; and BLACKROCK INC., currently with $494.35 million in JBLU stock with ownership of nearly 16.519% of the company’s market capitalization.
Positions in JetBlue Airways Corporation stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 207 institutional holders increased their position in JetBlue Airways Corporation [NASDAQ:JBLU] by around 55,599,478 shares. Additionally, 116 investors decreased positions by around 16,717,845 shares, while 61 investors held positions by with 178,908,479 shares. The mentioned changes placed institutional holdings at 251,225,802 shares, according to the latest SEC report filing. JBLU stock had 76 new institutional investments in for a total of 12,350,069 shares, while 40 institutional investors sold positions of 1,181,476 shares during the same period.