During the recent session, JetBlue Airways Corporation (NASDAQ:JBLU)’s traded shares were 2.19 million, with the beta value of the company hitting 1.58. At the last check today, the stock’s price was $6.93, reflecting an intraday gain of 1.39% or $0.1. The 52-week high for the JBLU share is $10.97, that puts it down -58.3 from that peak though still a striking 10.82% gain since the share price plummeted to a 52-week low of $6.18. The company’s market capitalization is $2.28B, and the average intraday trading volume over the past 10 days was 9.49 million shares, and the average trade volume was 8.75 million shares over the past three months.
JetBlue Airways Corporation (JBLU) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 3.10. JBLU has a Sell rating from 2 analyst(s) out of 13 analysts who have looked at this stock. 10 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.39.
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JetBlue Airways Corporation (NASDAQ:JBLU) trade information
JetBlue Airways Corporation (JBLU) registered a 1.39% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.39% in intraday trading to $6.93 this Thursday, 05/25/23, hitting a weekly high. The stock’s 5-day price performance is -2.33%, and it has moved by -0.36% in 30 days. Based on these gigs, the overall price performance for the year is -32.50%. The short interest in JetBlue Airways Corporation (NASDAQ:JBLU) is 18.74 million shares and it means that shorts have 1.94 day(s) to cover.
The consensus price target of analysts on Wall Street is $8.28, which implies an increase of 16.3% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6.00 and $11.00 respectively. As a result, JBLU is trading at a discount of -58.73% off the target high and 13.42% off the low.
JetBlue Airways Corporation (JBLU) estimates and forecasts
Statistics show that JetBlue Airways Corporation has outperformed its competitors in share price, compared to the industry in which it operates. JetBlue Airways Corporation (JBLU) shares have gone down -12.67% during the last six months, with a year-to-date growth rate more than the industry average at 183.75% against 28.10. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to grow 183.00% this quarter and then jump 76.20% in the quarter after that. In the rating firms’ projections, revenue will increase 9.80% compared to the previous financial year.
Revenue for the current quarter is expected to be $2.6 billion as predicted by 10 analyst(s). Meanwhile, a consensus of 10 analyst(s) estimates revenue growth to $2.63 billion by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $2.44 billion and $2.56 billion respectively. In this case, analysts expect current quarter sales to grow by 6.40% and then jump by 2.90% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -21.30%. While earnings are projected to return -95.50% in 2023.
JetBlue Airways Corporation is due to release its next quarterly earnings between July 31 and August 04. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
JetBlue Airways Corporation (NASDAQ:JBLU)’s Major holders
JetBlue Airways Corporation insiders own 0.32% of total outstanding shares while institutional holders control 70.88%, with the float percentage being 71.11%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 457 institutions own stock in it. As of Mar 30, 2023, the company held over 31.89 million shares (or 9.73% of all shares), a total value of $232.15 million in shares.
The next largest institutional holding, with 29.09 million shares, is of Blackrock Inc.’s that is approximately 8.87% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $211.8 million.
Also, the Mutual Funds coming in first place with the largest holdings of JetBlue Airways Corporation (JBLU) shares are iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund. Data provided on Feb 27, 2023 indicates that iShares Core S&P Midcap ETF owns about 10.09 million shares. This amounts to just over 3.08 percent of the company’s overall shares, with a $83.71 million market value. The same data shows that the other fund manager holds slightly less at 9.94 million, or about 3.03% of the stock, which is worth about $64.43 million.