JetBlue Airways Corporation [JBLU] Revenue clocked in at $4.87 billion, down -3.23% YTD: What’s Next?

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JetBlue Airways Corporation [NASDAQ: JBLU] price plunged by -1.40 percent to reach at -$0.2. The company report on December 7, 2021 that JetBlue Technology Ventures’ Portfolio Company Tomorrow.io to List on Nasdaq Through Merger With Pine Technology.

Tomorrow.io demonstrates JetBlue Technology Ventures’ commitment to foster innovation at JetBlue Airways through its strategic investments.


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JetBlue Technology Ventures (JTV), the corporate venture capital subsidiary of JetBlue Airways (NASDAQ:JBLU), congratulates its portfolio company The Tomorrow Companies Inc. (Tomorrow.io) on the announcement of its intended merger with special purpose acquisition company Pine Technology Acquisition Corp. (Pine Technology). Once finalized, the combined company will be named Tomorrow.io and its common stock is expected to be listed on Nasdaq for public trade.

A sum of 10251490 shares traded at recent session while its average daily volume was at 7.50M shares. JetBlue Airways Corporation shares reached a high of $14.79 and dropped to a low of $13.97 until finishing in the latest session at $14.07.

The one-year JBLU stock forecast points to a potential upside of 26.83. 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 $19.23 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 2.60. 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.

Exane BNP Paribas have made an estimate for JetBlue Airways Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 17, 2021. While these analysts kept the previous recommendation, Goldman dropped their target price from $20 to $17. The new note on the price target was released on October 06, 2021, representing the official price target for JetBlue Airways Corporation stock. Previously, the target price had yet another raise to $21, while MKM Partners analysts kept a Neutral rating on JBLU stock. On April 14, 2021, analysts increased their price target for JBLU shares from 15 to 25.

The Average True Range (ATR) for JetBlue Airways Corporation is set at 0.67, with the Price to Sales ratio for JBLU stock in the period of the last 12 months amounting to 0.94. The Price to Book ratio for the last quarter was 1.13, with the Price to Cash per share for the same quarter was set at 10.17. Price to Free Cash Flow for JBLU in the course of the last twelve months was 3.64 with Quick ratio for the last quarter at 1.00.

JBLU Stock Performance Analysis:

JetBlue Airways Corporation [JBLU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.84. With this latest performance, JBLU shares dropped by -12.72% in over the last four-week period, additionally sinking by -25.28% over the last 6 months – not to mention a drop of -8.75% 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 46.41, with the RSI for the last a single of trading hit 48.53, and the three-weeks RSI is set at 45.83 for JetBlue Airways Corporation [JBLU]. The present Moving Average for the last 50 days of trading for this stock 14.91, while it was recorded at 13.73 for the last single week of trading, and 17.07 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 1.00 and a Current Ratio set at 1.00.

JBLU Stock EPS

With the latest financial reports released by the company, JetBlue Airways Corporation posted -1.53/share EPS, while the average EPS was predicted by analysts to be reported at -1.69/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 9.50%. 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.

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JetBlue Airways Corporation [JBLU] Insider Position Details

There are presently around $3,479 million, or 79.90% of JBLU stock, in the hands of institutional investors. The top three institutional holders of JBLU stocks are: FMR LLC with ownership of 29,749,401, which is approximately -12.774% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 28,732,414 shares of the stock with an approximate value of $404.26 million in JBLU stocks shares; and BLACKROCK INC., currently with $355.23 million in JBLU stock with ownership of nearly -4.62% of the company’s market capitalization.

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 174 institutional holders increased their position in JetBlue Airways Corporation [NASDAQ:JBLU] by around 28,016,973 shares. Additionally, 184 investors decreased positions by around 22,390,175 shares, while 73 investors held positions by with 196,849,901 shares. The mentioned changes placed institutional holdings at 247,257,049 shares, according to the latest SEC report filing. JBLU stock had 57 new institutional investments in for a total of 6,599,953 shares, while 47 institutional investors sold positions of 6,220,412 shares during the same period.