JetBlue Airways Corporation [JBLU] Revenue clocked in at $2.96 billion, up 32.67% YTD: What’s Next?

JetBlue Airways Corporation [NASDAQ: JBLU] loss -4.46% or -0.9 points to close at $19.29 with a heavy trading volume of 8919074 shares. The company report on April 16, 2021 that JetBlue Arrives in Guatemala City with First Flights to Airline’s Newest International Destination.

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With JetBlue Service Now in 25 Countries, Airline Advances Leadership Position in Latin America & the Caribbean.

JetBlue (NASDAQ:JBLU) announced it has officially launched service between New York’s John F. Kennedy International Airport (JFK) and Guatemala City’s La Aurora International Airport (GUA), with the first roundtrip flight arriving back in New York this morning. JetBlue now offers the only daily service between New York City and Guatemala’s capital city and introduces the airline’s award-winning service and low fares to one of the largest markets in Central America.

It opened the trading session at $19.96, the shares rose to $19.96 and dropped to $18.97, the range by which the price of stock traded the whole day. The daily chart for JBLU points out that the company has recorded 57.60% gains over the past six months. However, it is still -162.81% lower than its most recent low trading price.

If we look at the average trading volume of 9.15M shares, JBLU reached to a volume of 8919074 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 $21.29 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 2.60. 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 April 14, 2021. The new note on the price target was released on April 13, 2021, representing the official price target for JetBlue Airways Corporation stock. Previously, the target price had yet another raise to $24, while Raymond James analysts kept a Outperform rating on JBLU stock.

The Average True Range (ATR) for JetBlue Airways Corporation is set at 0.85, with the Price to Sales ratio for JBLU stock in the period of the last 12 months amounting to 2.11. 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 9.46.

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 -7.13. With this latest performance, JBLU shares dropped by -8.14% in over the last four-week period, additionally plugging by 57.60% over the last 6 months – not to mention a rise of 123.52% 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 41.91, with the RSI for the last a single of trading hit 31.89, and the three-weeks RSI is set at 47.53 for JetBlue Airways Corporation [JBLU]. The present Moving Average for the last 50 days of trading for this stock 19.38, while it was recorded at 20.26 for the last single week of trading, and 14.50 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 -67.30 and a Gross Margin at -63.58. JetBlue Airways Corporation’s Net Margin is presently recorded at -45.79.

Return on Total Capital for JBLU is now -22.58, given the latest momentum, and Return on Invested Capital for the company is -16.32. Return on Equity for this stock declined to -30.95, with Return on Assets sitting at -10.36. When it comes to the capital structure of this company, JetBlue Airways Corporation [JBLU] has a Total Debt to Total Equity ratio set at 144.98. Additionally, JBLU Total Debt to Total Capital is recorded at 59.18, with Total Debt to Total Assets ending up at 40.28. Long-Term Debt to Equity for the company is recorded at 130.73, with the Long-Term Debt to Total Capital now at 53.36.

Receivables Turnover for the company is 17.98 with a Total Asset Turnover recorded at a value of 0.23.JetBlue Airways Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.30.

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 $5,041 million, or 82.70% 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 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 27,182,298 shares of the stock with an approximate value of $548.81 million in JBLU stocks shares; and BLACKROCK INC., currently with $522.02 million in JBLU stock with ownership of nearly 16.519% 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 April and at the time of the April reporting period, where 208 institutional holders increased their position in JetBlue Airways Corporation [NASDAQ:JBLU] by around 55,433,362 shares. Additionally, 113 investors decreased positions by around 17,251,257 shares, while 60 investors held positions by with 176,974,239 shares. The mentioned changes placed institutional holdings at 249,658,858 shares, according to the latest SEC report filing. JBLU stock had 76 new institutional investments in for a total of 12,254,448 shares, while 37 institutional investors sold positions of 1,165,701 shares during the same period.

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