JetBlue Airways Corporation [JBLU] Stock trading around $6.61 per share: What’s Next?

JetBlue Airways Corporation [NASDAQ: JBLU] plunged by -$0.34 during the normal trading session on Friday and reaching a high of $6.89 during the day while it closed the day at $6.61. The company report on October 7, 2022 that JetBlue’s Signature ‘Swing for Good’ Fundraising Campaign Returns with Launch of ‘Bid for Good’, Together Raising Over $8 Million for Charitable Partners Since 2008.

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The airline encourages crewmembers and customers to join in the good through Bid for Good, JetBlue’s online auction offering one-of-a-kind experiences, with all proceeds to benefit JetBlue’s non-profit organizations.

JetBlue’s 12th Annual Swing for Good golf classic was hosted on October 6 at Bethpage State Golf Course in New York.

JetBlue Airways Corporation stock has also loss -0.30% of its value over the past 7 days. However, JBLU stock has declined by -17.79% in the 3 months of the year. Over the past six months meanwhile, it has lost -45.33% and lost -53.58% year-on date.

The market cap for JBLU stock reached $2.25 billion, with 323.10 million shares outstanding and 322.01 million shares in the current float. Compared to the average trading volume of 11.38M shares, JBLU reached a trading volume of 11484197 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $9.33 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 0.34, with the Price to Sales ratio for JBLU stock in the period of the last 12 months amounting to 0.28. The Price to Book ratio for the last quarter was 0.62, with the Price to Cash per share for the same quarter was set at 7.29. Price to Free Cash Flow for JBLU in the course of the last twelve months was 15.42 with Quick ratio for the last quarter at 0.70.

JBLU stock trade performance evaluation

JetBlue Airways Corporation [JBLU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.30. With this latest performance, JBLU shares dropped by -17.99% in over the last four-week period, additionally sinking by -45.33% over the last 6 months – not to mention a drop of -57.35% 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 35.75, with the RSI for the last a single of trading hit 34.45, and the three-weeks RSI is set at 37.19 for JetBlue Airways Corporation [JBLU]. The present Moving Average for the last 50 days of trading for this stock 7.94, while it was recorded at 6.91 for the last single week of trading, and 11.09 for the last 200 days.

JetBlue Airways Corporation [JBLU]: An insightful look at the core 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 Ownership positions

There are presently around $1,616 million, or 77.60% 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 $176.16 million in JBLU stocks shares; and FMR LLC, currently with $138.29 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 October and at the time of the October reporting period, where 201 institutional holders increased their position in JetBlue Airways Corporation [NASDAQ:JBLU] by around 42,781,861 shares. Additionally, 183 investors decreased positions by around 45,323,449 shares, while 68 investors held positions by with 156,420,898 shares. The mentioned changes placed institutional holdings at 244,526,208 shares, according to the latest SEC report filing. JBLU stock had 54 new institutional investments in for a total of 10,054,511 shares, while 76 institutional investors sold positions of 8,023,870 shares during the same period.


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