JetBlue Airways Corporation [JBLU] Is Currently 0.60 below its 200 Period Moving Avg: What Does This Mean?


JetBlue Airways Corporation [NASDAQ: JBLU] gained 0.60% on the last trading session, reaching $8.42 price per share at the time. The company report on July 28, 2022 that JetBlue and Spirit to Create a National Low-Fare Challenger to the Dominant Big Four Airlines.

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Combination set to bring JetBlue’s unique blend of low fares and great service to more customers on more routes system wide.

JetBlue terminates its all-cash tender offer to acquire Spirit common stock.

JetBlue Airways Corporation represents 320.50 million in outstanding shares, while the company has a total market value of $2.69 billion with the latest information. JBLU stock price has been found in the range of $8.22 to $8.44.

If compared to the average trading volume of 10.28M shares, JBLU reached a trading volume of 11263887 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 $11.62 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 3.00. 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.

Susquehanna have made an estimate for JetBlue Airways Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 12, 2022. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $24 to $12. The new note on the price target was released on April 27, 2022, representing the official price target for JetBlue Airways Corporation stock. Previously, the target price had yet another drop from $21 to $16, while Deutsche Bank kept a Hold rating on JBLU stock.

The Average True Range (ATR) for JetBlue Airways Corporation is set at 0.36, with the Price to Sales ratio for JBLU stock in the period of the last 12 months amounting to 0.38. The Price to Book ratio for the last quarter was 0.75, with the Price to Cash per share for the same quarter was set at 8.70. Price to Free Cash Flow for JBLU in the course of the last twelve months was 1.70 with Quick ratio for the last quarter at 0.80.

Trading performance analysis for JBLU stock

JetBlue Airways Corporation [JBLU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.60. With this latest performance, JBLU shares dropped by -6.03% in over the last four-week period, additionally sinking by -39.34% over the last 6 months – not to mention a drop of -44.42% 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 47.17, with the RSI for the last a single of trading hit 49.91, and the three-weeks RSI is set at 45.01 for JetBlue Airways Corporation [JBLU]. The present Moving Average for the last 50 days of trading for this stock 9.05, while it was recorded at 8.35 for the last single week of trading, and 12.71 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 0.80 and a Current Ratio set at 0.80.

An analysis of insider ownership at JetBlue Airways Corporation [JBLU]

There are presently around $2,055 million, or 79.30% of JBLU stock, in the hands of institutional investors. The top three institutional holders of JBLU stocks are: FMR LLC with ownership of 38,575,521, which is approximately 26.576% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 29,275,634 shares of the stock with an approximate value of $246.5 million in JBLU stocks shares; and BLACKROCK INC., currently with $217.12 million in JBLU stock with ownership of nearly -0.079% of the company’s market capitalization.

Positions in JetBlue Airways Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 188 institutional holders increased their position in JetBlue Airways Corporation [NASDAQ:JBLU] by around 24,880,743 shares. Additionally, 188 investors decreased positions by around 26,267,871 shares, while 69 investors held positions by with 192,888,085 shares. The mentioned changes placed institutional holdings at 244,036,699 shares, according to the latest SEC report filing. JBLU stock had 59 new institutional investments in for a total of 3,825,330 shares, while 60 institutional investors sold positions of 10,647,312 shares during the same period.