JetBlue Airways Corporation [JBLU] Stock trading around $7.69 per share: What’s Next?

JetBlue Airways Corporation [NASDAQ: JBLU] stock went on an upward path that rose over 3.64% on Monday, amounting to a one-week price decrease of less than -4.00%. The company report on December 9, 2022 that JetBlue and American Airlines Add More Flying in New York and Boston as Northeast Alliance Brings New Choices to Travelers.


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JetBlue Expands its Route Map in New York and Adds New International Destination From Boston.

American Introduces a Half Dozen New Destinations from LaGuardia and Boosts Frequencies in Boston.

Over the last 12 months, JBLU stock dropped by -46.41%. The one-year JetBlue Airways Corporation stock forecast points to a potential upside of 14.56. The average equity rating for JBLU stock is currently 3.10, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $2.51 billion, with 323.90 million shares outstanding and 321.90 million shares in the current float. Compared to the average trading volume of 11.12M shares, JBLU stock reached a trading volume of 9689398 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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 $9.00 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.

Citigroup have made an estimate for JetBlue Airways Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 05, 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 04, 2022, representing the official price target for JetBlue Airways Corporation stock. Previously, the target price had yet another raise to $10, while BofA Securities analysts kept a Neutral rating on JBLU stock. On July 12, 2022, analysts decreased their price target for JBLU shares from 14 to 9.

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 0.29. The Price to Book ratio for the last quarter was 0.71, with the Price to Cash per share for the same quarter was set at 6.42. Price to Free Cash Flow for JBLU in the course of the last twelve months was 67.77 with Quick ratio for the last quarter at 0.60.

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 -4.00. With this latest performance, JBLU shares dropped by -4.35% in over the last four-week period, additionally sinking by -8.99% over the last 6 months – not to mention a drop of -46.41% 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 48.81, with the RSI for the last a single of trading hit 47.10, and the three-weeks RSI is set at 49.69 for JetBlue Airways Corporation [JBLU]. The present Moving Average for the last 50 days of trading for this stock 7.49, while it was recorded at 7.65 for the last single week of trading, and 9.46 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 0.60 and a Current Ratio set at 0.70.

JetBlue Airways Corporation [JBLU] Insider Position Details

There are presently around $1,675 million, or 69.50% of JBLU stock, in the hands of institutional investors. The top three institutional holders of JBLU stocks are: VANGUARD GROUP INC with ownership of 30,459,166, which is approximately 2.711% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 26,891,103 shares of the stock with an approximate value of $206.79 million in JBLU stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $108.84 million in JBLU stock with ownership of nearly -3.034% 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 25,675,800 shares. Additionally, 175 investors decreased positions by around 52,358,227 shares, while 72 investors held positions by with 139,821,274 shares. The mentioned changes placed institutional holdings at 217,855,301 shares, according to the latest SEC report filing. JBLU stock had 47 new institutional investments in for a total of 7,061,222 shares, while 63 institutional investors sold positions of 7,037,416 shares during the same period.

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