During the recent session, Jetblue Airways Corp (NASDAQ:JBLU)’s traded shares were 5.5 million, with the beta value of the company hitting 1.92. At the last check today, the stock’s price was $5.24, reflecting an intraday gain of 4.91% or $0.25. The 52-week high for the JBLU share is $7.58, that puts it down -44.66 from that peak though still a striking 34.73% gain since the share price plummeted to a 52-week low of $3.42. The company’s market capitalization is $1.82B, and the average intraday trading volume over the past 10 days was 14.01 million shares, and the average trade volume was 14.42 million shares over the past three months.
Jetblue Airways Corp (JBLU) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.08. JBLU has a Sell rating from 1 analyst(s) out of 9 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it.
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Jetblue Airways Corp (NASDAQ:JBLU) trade information
Jetblue Airways Corp (JBLU) registered a 4.91% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.91% in intraday trading to $5.24, hitting a weekly high. The stock’s 5-day price performance is 9.52%, and it has moved by -11.57% in 30 days. Based on these gigs, the overall price performance for the year is -12.46%. The short interest in Jetblue Airways Corp (NASDAQ:JBLU) is 68.68 million shares and it means that shorts have 3.36 day(s) to cover.
The consensus price target of analysts on Wall Street is $7.5, which implies an increase of 30.13% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $20 respectively. As a result, JBLU is trading at a discount of -281.68% off the target high and 42.75% off the low.
Jetblue Airways Corp (JBLU) estimates and forecasts
Statistics show that Jetblue Airways Corp has underperformed its competitors in share price, compared to the industry in which it operates. Jetblue Airways Corp (JBLU) shares have gone down -19.09% during the last six months, with a year-to-date growth rate less than the industry average at -146.67% against -19.10.
While earnings are projected to return -138.35% in 2024, the next five years will return 16.30% per annum.
JBLU Dividends
Jetblue Airways Corp is due to release its next quarterly earnings on 2024-Oct-29. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Jetblue Airways Corp (NASDAQ:JBLU)’s Major holders
Jetblue Airways Corp insiders own 10.27% of total outstanding shares while institutional holders control 82.03%, with the float percentage being 91.42%. BLACKROCK INC. is the largest shareholder of the company, while 435.0 institutions own stock in it. As of 2024-06-30, the company held over 55.28 million shares (or 16.2744% of all shares), a total value of $336.68 million in shares.
The next largest institutional holding, with 35.83 million shares, is of VANGUARD GROUP INC’s that is approximately 10.5482% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $218.22 million.
