JetBlue Airways Corporation [NASDAQ: JBLU] price plunged by -1.98 percent to reach at -$0.16. The company report on September 12, 2022 that JetBlue to Webcast Presentation at the Morgan Stanley 2022 Laguna Conference.
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JetBlue Airways Corporation [NASDAQ: JBLU] Chief Financial Officer, Ursula Hurley will present at the Morgan Stanley 2022 Laguna Conference on September 16th at approximately 11:45 a.m. ET. A live webcast of the presentation will be available on JetBlue’s investor relations website at the following web address:.
A sum of 17925255 shares traded at recent session while its average daily volume was at 10.80M shares. JetBlue Airways Corporation shares reached a high of $8.01 and dropped to a low of $7.82 until finishing in the latest session at $7.92.
The one-year JBLU stock forecast points to a potential upside of 19.92. The average equity rating for JBLU stock is currently 3.10, 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 $9.89 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 3.10. 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.
BofA Securities have made an estimate for JetBlue Airways Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 04, 2022. While these analysts kept the previous recommendation, BofA Securities raised their target price to Neutral. The new note on the price target was released on August 03, 2022, representing the official price target for JetBlue Airways Corporation stock. Previously, the target price had yet another drop from $14 to $9, while Susquehanna kept a Neutral rating on JBLU stock. On April 27, 2022, analysts decreased their price target for JBLU shares from 24 to 12.
The Average True Range (ATR) for JetBlue Airways Corporation is set at 0.29, with the Price to Sales ratio for JBLU stock in the period of the last 12 months amounting to 0.33. The Price to Book ratio for the last quarter was 0.74, with the Price to Cash per share for the same quarter was set at 7.52. Price to Free Cash Flow for JBLU in the course of the last twelve months was 17.92 with Quick ratio for the last quarter at 0.70.
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 -4.23. With this latest performance, JBLU shares dropped by -8.01% in over the last four-week period, additionally sinking by -44.85% over the last 6 months – not to mention a drop of -48.00% 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 44.19, with the RSI for the last a single of trading hit 43.50, and the three-weeks RSI is set at 44.41 for JetBlue Airways Corporation [JBLU]. The present Moving Average for the last 50 days of trading for this stock 8.32, while it was recorded at 8.07 for the last single week of trading, and 11.61 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 -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 0.70 and a Current Ratio set at 0.70.
JetBlue Airways Corporation [JBLU] Insider Position Details
There are presently around $1,938 million, or 78.10% of JBLU stock, in the hands of institutional investors. The top three institutional holders of JBLU stocks are: VANGUARD GROUP INC with ownership of 29,655,089, which is approximately 1.296% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 26,650,859 shares of the stock with an approximate value of $211.07 million in JBLU stocks shares; and FMR LLC, currently with $165.7 million in JBLU stock with ownership of nearly -45.765% 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 201 institutional holders increased their position in JetBlue Airways Corporation [NASDAQ:JBLU] by around 42,846,134 shares. Additionally, 185 investors decreased positions by around 45,266,827 shares, while 67 investors held positions by with 156,581,901 shares. The mentioned changes placed institutional holdings at 244,694,862 shares, according to the latest SEC report filing. JBLU stock had 52 new institutional investments in for a total of 10,110,146 shares, while 74 institutional investors sold positions of 7,905,426 shares during the same period.