Jetblue Airways Corp [NASDAQ: JBLU] gained 0.84% or 0.04 points to close at $4.78 with a heavy trading volume of 18853555 shares.
The daily chart for JBLU points out that the company has recorded -25.43% loss over the past six months.
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If we look at the average trading volume of 14.26M shares, JBLU reached to a volume of 18853555 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 Corp [JBLU]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for JBLU shares is $5.61 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 3.08. 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.
TD Cowen have made an estimate for Jetblue Airways Corp shares, keeping their opinion on the stock as Hold, with their previous recommendation back on August 15, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price from $4 to $6. The new note on the price target was released on July 31, 2024, representing the official price target for Jetblue Airways Corp stock. Previously, the target price had yet another drop from $6 to $4, while TD Cowen kept a Hold rating on JBLU stock. On April 23, 2024, analysts decreased their price target for JBLU shares from 7 to 6.
The Average True Range (ATR) for Jetblue Airways Corp is set at 0.29, with the Price to Sales ratio for JBLU stock in the period of the last 12 months amounting to 0.18. 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 4.31.
Trading performance analysis for JBLU stock
Jetblue Airways Corp [JBLU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.84. With this latest performance, JBLU shares dropped by -20.73% in over the last four-week period, additionally sinking by -25.43% over the last 6 months – not to mention a drop of -24.01% 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 38.77, with the RSI for the last a single of trading hit 36.75, and the three-weeks RSI is set at 40.61 for Jetblue Airways Corp [JBLU]. The present Moving Average for the last 50 days of trading for this stock 5.67, while it was recorded at 4.77 for the last single week of trading, and 5.80 for the last 200 days.
Jetblue Airways Corp [JBLU]: A deeper dive into fundamental analysis
Jetblue Airways Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.54.
Jetblue Airways Corp [JBLU]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Jetblue Airways Corp posted -0.39/share EPS, while the average EPS was predicted by analysts to be reported at -0.25/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.14. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for JBLU. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Jetblue Airways Corp go to 16.30%.
An analysis of Institutional ownership at Jetblue Airways Corp [JBLU]
There are presently around $81.99%, or 90.72%% of JBLU stock, in the hands of institutional investors. The top three institutional holders of JBLU stocks are: BLACKROCK INC. with ownership of 55.28 million shares, which is approximately 16.2744%. VANGUARD GROUP INC, holding 35.83 million shares of the stock with an approximate value of $$218.22 million in JBLU stocks shares; and VANGUARD GROUP INC, currently with $$108.87 million in JBLU stock with ownership which is approximately 5.2629%.
