JetBlue Airways Corporation [JBLU] Stock trading around $19.70 per share: What’s Next?

JetBlue Airways Corporation [NASDAQ: JBLU] traded at a low on 05/03/21, posting a -3.24 loss after which it closed the day’ session at $19.70. The company report on April 30, 2021 that JetBlue Adds Peirce College to its JetBlue Scholars Employer-Sponsored College Degree Program.

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— JetBlue Furthers its Commitment to Invest in Crewmembers’ Development and Expand Career Mobility, Access and Retention –.


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JetBlue (Nasdaq: JBLU) recently announced the latest update to its JetBlue Scholars employer-sponsored college degree program – a new partnership with Peirce College for crewmembers pursuing undergraduate degrees. Peirce College will begin admitting JetBlue Scholars candidates in June. Aligned with JetBlue’s mission of inspiring humanity, the innovative model for the JetBlue Scholars program includes greater access and a lower-cost path to higher education.

The results of the trading session contributed to over 8122286 shares changing hands. Over the past one week, the price volatility of JetBlue Airways Corporation stands at 2.95% while the volatility over the past one month is 3.44%.

The market cap for JBLU stock reached $6.10 billion, with 316.64 million shares outstanding and 314.40 million shares in the current float. Compared to the average trading volume of 8.96M shares, JBLU reached a trading volume of 8122286 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $21.93 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 0.74, with the Price to Sales ratio for JBLU stock in the period of the last 12 months amounting to 2.90. The Price to Book ratio for the last quarter was 1.43, with the Price to Cash per share for the same quarter was set at 9.86.

How has JBLU stock performed recently?

JetBlue Airways Corporation [JBLU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.23. With this latest performance, JBLU shares dropped by -3.29% in over the last four-week period, additionally plugging by 70.42% over the last 6 months – not to mention a rise of 118.40% 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 46.01, with the RSI for the last a single of trading hit 42.08, and the three-weeks RSI is set at 49.21 for JetBlue Airways Corporation [JBLU]. The present Moving Average for the last 50 days of trading for this stock 19.99, while it was recorded at 20.02 for the last single week of trading, and 14.93 for the last 200 days.

JetBlue Airways Corporation [JBLU]: Deeper insight into the fundamentals

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.

Earnings analysis for JetBlue Airways Corporation [JBLU]

With the latest financial reports released by the company, JetBlue Airways Corporation posted -2.02/share EPS, while the average EPS was predicted by analysts to be reported at -1.92/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -5.20%. 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.

Insider trade positions for JetBlue Airways Corporation [JBLU]

There are presently around $5,055 million, or 83.30% 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 $553.43 million in JBLU stocks shares; and BLACKROCK INC., currently with $526.41 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 201 institutional holders increased their position in JetBlue Airways Corporation [NASDAQ:JBLU] by around 53,596,349 shares. Additionally, 119 investors decreased positions by around 18,595,184 shares, while 65 investors held positions by with 176,077,224 shares. The mentioned changes placed institutional holdings at 248,268,757 shares, according to the latest SEC report filing. JBLU stock had 72 new institutional investments in for a total of 12,139,084 shares, while 40 institutional investors sold positions of 1,386,608 shares during the same period.

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