JetBlue Airways Corporation [NASDAQ: JBLU] gained 2.63% or 0.29 points to close at $11.30 with a heavy trading volume of 12415934 shares.
It opened the trading session at $11.00, the shares rose to $11.34 and dropped to $10.82, the range by which the price of stock traded the whole day. The daily chart for JBLU points out that the company has recorded -19.46% loss over the past six months. However, it is still -3.86% lower than its most recent low trading price.
If we look at the average trading volume of 10.51M shares, JBLU reached to a volume of 12415934 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 $13.90 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 Underweight, with their previous recommendation back on April 27, 2022. While these analysts kept the previous recommendation, Deutsche Bank dropped their target price from $21 to $16. The new note on the price target was released on April 22, 2022, representing the official price target for JetBlue Airways Corporation stock.
The Average True Range (ATR) for JetBlue Airways Corporation is set at 0.64, with the Price to Sales ratio for JBLU stock in the period of the last 12 months amounting to 0.53. The Price to Book ratio for the last quarter was 0.94, with the Price to Cash per share for the same quarter was set at 8.55. Price to Free Cash Flow for JBLU in the course of the last twelve months was 3.00 with Quick ratio for the last quarter at 0.90.
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 -13.48. With this latest performance, JBLU shares dropped by -24.41% in over the last four-week period, additionally sinking by -19.46% over the last 6 months – not to mention a drop of -42.64% 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 36.14, with the RSI for the last a single of trading hit 34.16, and the three-weeks RSI is set at 38.12 for JetBlue Airways Corporation [JBLU]. The present Moving Average for the last 50 days of trading for this stock 13.48, while it was recorded at 11.30 for the last single week of trading, and 14.53 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 -15.12 and a Gross Margin at -12.09. JetBlue Airways Corporation’s Net Margin is presently recorded at -3.01.
Return on Equity for this stock declined to -4.67, with Return on Assets sitting at -1.25.
JetBlue Airways Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.00.
An analysis of insider ownership at JetBlue Airways Corporation [JBLU]
There are presently around $2,804 million, or 79.60% of JBLU stock, in the hands of institutional investors. The top three institutional holders of JBLU stocks are: FMR LLC with ownership of 30,476,270, which is approximately 2.443% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 28,896,574 shares of the stock with an approximate value of $326.53 million in JBLU stocks shares; and BLACKROCK INC., currently with $291.62 million in JBLU stock with ownership of nearly 2.216% of the company’s market capitalization.
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 24,676,968 shares. Additionally, 172 investors decreased positions by around 21,532,076 shares, while 73 investors held positions by with 201,952,094 shares. The mentioned changes placed institutional holdings at 248,161,138 shares, according to the latest SEC report filing. JBLU stock had 66 new institutional investments in for a total of 4,120,708 shares, while 51 institutional investors sold positions of 5,721,673 shares during the same period.