JetBlue Airways Corporation [NASDAQ: JBLU] traded at a low on 09/08/23, posting a -3.90 loss after which it closed the day’ session at $5.18. The company report on September 1, 2023 at 6:51 PM that Blackstone and Airbnb Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600.
S&P Dow Jones Indices (“S&P DJI”) will make the following changes to the S&P 500, S&P 100, S&P MidCap 400 and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S&P SmallCap 600 are no longer representative of the small-cap market space.
Blackstone Inc. (NYSE:BX) and Airbnb Inc. (NASD:ABNB) will replace Lincoln National Corp. (NYSE:LNC) and Newell Brands Inc. (NASD:NWL) in the S&P 500 respectively, and Lincoln National and Newell Brands will replace UNIQURE N.V. (NASD:QURE) and Universal Insurance Holdings Inc. (NYSE:UVE) respectively in the S&P SmallCap 600.
The results of the trading session contributed to over 18483822 shares changing hands. Over the past one week, the price volatility of JetBlue Airways Corporation stands at 4.23% while the volatility over the past one month is 2.99%.
The market cap for JBLU stock reached $1.80 billion, with 333.25 million shares outstanding and 332.16 million shares in the current float. Compared to the average trading volume of 15.68M shares, JBLU reached a trading volume of 18483822 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $6.50 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 3.20. 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.
Evercore ISI have made an estimate for JetBlue Airways Corporation shares, keeping their opinion on the stock as In-line, with their previous recommendation back on August 28, 2023.
The Average True Range (ATR) for JetBlue Airways Corporation is set at 0.23, with the Price to Sales ratio for JBLU stock in the period of the last 12 months amounting to 0.18. The Price to Book ratio for the last quarter was 0.48, with the Price to Cash per share for the same quarter was set at 4.81.
How has JBLU stock performed recently?
JetBlue Airways Corporation [JBLU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.50. With this latest performance, JBLU shares dropped by -20.06% in over the last four-week period, additionally sinking by -32.46% over the last 6 months – not to mention a drop of -35.89% 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 16.59, with the RSI for the last a single of trading hit 9.35, and the three-weeks RSI is set at 23.20 for JetBlue Airways Corporation [JBLU]. The present Moving Average for the last 50 days of trading for this stock 7.22, while it was recorded at 5.60 for the last single week of trading, and 7.43 for the last 200 days.
JetBlue Airways Corporation [JBLU]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and JetBlue Airways Corporation [JBLU] shares currently have an operating margin of -1.94 and a Gross Margin at +1.21. JetBlue Airways Corporation’s Net Margin is presently recorded at -3.95.
Return on Total Capital for JBLU is now -2.14, given the latest momentum, and Return on Invested Capital for the company is -4.68. Return on Equity for this stock declined to -9.77, with Return on Assets sitting at -2.47. When it comes to the capital structure of this company, JetBlue Airways Corporation [JBLU] has a Total Debt to Total Equity ratio set at 123.01. Additionally, JBLU Total Debt to Total Capital is recorded at 55.16, with Total Debt to Total Assets ending up at 30.34. Long-Term Debt to Equity for the company is recorded at 104.74, with the Long-Term Debt to Total Capital now at 46.97.
Receivables Turnover for the company is 34.95 with a Total Asset Turnover recorded at a value of 0.63.JetBlue Airways Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.60.
Insider trade positions for JetBlue Airways Corporation [JBLU]
The top three institutional holders of JBLU stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in JBLU stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in JBLU stock with ownership which is approximately 5.7381%.