JetBlue Airways Corporation [JBLU] Revenue clocked in at $2.10 billion, up 30.95% YTD: What’s Next?

JetBlue Airways Corporation [NASDAQ: JBLU] price plunged by -4.42 percent to reach at -$0.88. The company report on June 3, 2021 that JetBlue Promotes Dmitry Kopylov to Vice President, Strategic Sourcing and Fleet.

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JetBlue (NASDAQ: JBLU) announced that Dmitry Kopylov has been named the airline’s vice president, strategic sourcing and fleet. Kopylov has been with JetBlue since 2017 as the airline’s director, strategic sourcing. He will lead all sourcing and fleet management, including initiatives to source and optimize aircraft engines and any additions of next generation technologies to advance JetBlue as an industry leader. In addition, Kopylov will lead sourcing of all products and services for JetBlue.

“Since joining JetBlue in 2017, Dmitry has proven to be a true ambassador of our culture and values, and we are happy Dmitry is taking on this role,” said Ursula Hurley, JetBlue’s acting chief financial officer. “Dmitry has made great strides in his role as our director, strategic sourcing as he and the team have played an integral role collaborating with teams across JetBlue to achieve our structural cost savings. We are looking forward to him bringing that same expertise at an important time in our fleet’s evolution.”.

A sum of 9534469 shares traded at recent session while its average daily volume was at 7.85M shares. JetBlue Airways Corporation shares reached a high of $19.74 and dropped to a low of $18.99 until finishing in the latest session at $19.04.

The one-year JBLU stock forecast points to a potential upside of 13.73. The average equity rating for JBLU stock is currently 2.60, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $22.07 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 0.66, with the Price to Sales ratio for JBLU stock in the period of the last 12 months amounting to 2.93. The Price to Book ratio for the last quarter was 1.62, with the Price to Cash per share for the same quarter was set at 9.96.

JBLU Stock Performance Analysis:

JetBlue Airways Corporation [JBLU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.35. With this latest performance, JBLU shares dropped by -0.05% in over the last four-week period, additionally plugging by 23.48% over the last 6 months – not to mention a rise of 68.94% 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 42.15, with the RSI for the last a single of trading hit 37.49, and the three-weeks RSI is set at 45.08 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 19.97 for the last single week of trading, and 15.90 for the last 200 days.

Insight into JetBlue Airways Corporation 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 1.10 and a Current Ratio set at 1.20.

JBLU Stock EPS

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.

JetBlue Airways Corporation [JBLU] Insider Position Details

There are presently around $4,845 million, or 83.80% of JBLU stock, in the hands of institutional investors. The top three institutional holders of JBLU stocks are: FMR LLC with ownership of 42,190,411, which is approximately 11.242% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 28,147,393 shares of the stock with an approximate value of $535.93 million in JBLU stocks shares; and BLACKROCK INC., currently with $514.08 million in JBLU stock with ownership of nearly 4.428% 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 180 institutional holders increased their position in JetBlue Airways Corporation [NASDAQ:JBLU] by around 32,413,462 shares. Additionally, 161 investors decreased positions by around 29,244,035 shares, while 71 investors held positions by with 192,825,749 shares. The mentioned changes placed institutional holdings at 254,483,246 shares, according to the latest SEC report filing. JBLU stock had 72 new institutional investments in for a total of 8,261,247 shares, while 44 institutional investors sold positions of 3,747,615 shares during the same period.

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