Jetblue Airways Corp (NASDAQ:JBLU) has a beta value of 1.92 and has seen 10.56 million shares traded in the last trading session. The company, currently valued at $2.40B, closed the last trade at $6.93 per share which meant it gained $0.09 on the day or 1.32% during that session. The JBLU stock price is -10.39% off its 52-week high price of $7.65 and 50.65% above the 52-week low of $3.42. If we look at the company’s 10-day average daily trading volume, we find that it stood at 15.22 million shares traded. The 3-month trading volume is 17.58 million shares.
The consensus among analysts is that Jetblue Airways Corp (JBLU) is Hold stock at the moment, with a recommendation rating of 3.14. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 9 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.28.
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Jetblue Airways Corp (NASDAQ:JBLU) trade information
Sporting 1.32% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the JBLU stock price touched $6.93 or saw a rise of 4.15%. Year-to-date, Jetblue Airways Corp shares have moved 24.86%, while the 5-day performance has seen it change -1.98%. Over the past 30 days, the shares of Jetblue Airways Corp (NASDAQ:JBLU) have changed 19.69%. Short interest in the company has seen 53.96 million shares shorted with days to cover at 3.22.
Wall Street analysts have a consensus price target for the stock at $6, which means that the shares’ value could drop -15.5% from current levels. The projected low price target is $4.5 while the price target rests at a high of $20.0. In that case, then, we find that the current price level is -188.6% off the targeted high while a plunge would see the stock lose 35.06% from current levels.
Jetblue Airways Corp (JBLU) estimates and forecasts
Figures show that Jetblue Airways Corp shares have underperformed across the wider relevant industry. The company’s shares have gained 6.13% over the past 6 months, with this year growth rate of -102.22%, compared to -18.20% for the industry. Revenue growth from the last financial year stood is estimated to be -3.70%.
10 analysts offering their estimates for the company have set an average revenue estimate of 2.33B for the current quarter. 10 have an estimated revenue figure of 2.29B for the next ending quarter. Year-ago sales stood 2.35B and 2.33B respectively for this quarter and the next, and analysts expect sales will shrink by -0.90% for the current quarter and -3.70% for the next.
Earnings growth for 2024 is a modest -84.63% while over the next 5 years, the company’s earnings are expected to increase by 42.50%.
JBLU Dividends
Jetblue Airways Corp is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Jetblue Airways Corp (NASDAQ:JBLU)’s Major holders
Insiders own 10.50% of the company shares, while shares held by institutions stand at 82.12% with a share float percentage of 91.75%. Investors are also buoyed by the number of investors in a company, with Jetblue Airways Corp having a total of 434.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 55.28 million shares worth more than $336.68 million. As of 2024-06-30, BLACKROCK INC. held 16.2744% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 35.83 million shares as of 2024-06-30. The firm’s total holdings are worth over $218.22 million and represent 10.5482% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund . As of Sep 30, 2024 , the former fund manager holds about 5.46% shares in the company for having 18.95 shares of worth $131.29 million while later fund manager owns 9.96 shares of worth $69.04 million as of Jun 30, 2024 , which makes it owner of about 2.87% of company’s outstanding stock.
