In the last trading session, 14.27 million Jetblue Airways Corp (NASDAQ:JBLU) shares changed hands as the company’s beta touched 1.92. With the company’s per share price at $7.56 changed hands at -$0.49 or -6.09% during last session, the market valuation stood at $2.62B. JBLU’s last price was a discount, traded about -6.75% off its 52-week high of $8.07. The share price had its 52-week low at $3.42, which suggests the last value was 54.76% up since then. When we look at Jetblue Airways Corp’s average trading volume, we note the 10-day average is 13.7 million shares, with the 3-month average coming to 17.69 million.
Analysts gave the Jetblue Airways Corp (JBLU) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.14. If we narrow down to specifics, the data shows that 1 out of 9 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended JBLU as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Jetblue Airways Corp’s EPS for the current quarter is expected to be -0.28.
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Jetblue Airways Corp (NASDAQ:JBLU) trade information
Instantly JBLU was in red as seen at the end of in last trading. With action 10.53%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 36.22%, with the 5-day performance at 10.53% in the green. However, in the 30-day time frame, Jetblue Airways Corp (NASDAQ:JBLU) is 32.17% up. Looking at the short shares, we see there were 53.96 million shares sold at short interest cover period of 3.22 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6, meaning bulls need a downside of -26.0% from its current market value. According to analyst projections, JBLU’s forecast low is 4.5 with 20 as the target high. To hit the forecast high, the stock’s price needs a -164.55% plunge from its current level, while the stock would need to tank 40.48% for it to hit the projected low.
Jetblue Airways Corp (JBLU) estimates and forecasts
Data shows that the Jetblue Airways Corp share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 0.67% over the past 6 months, a -102.22% in annual growth rate that is considerably lower than the industry average of -15.70%. Year-over-year growth is forecast to reach -3.70% down from the last financial year.
Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of 2.33B. 10 analysts are of the opinion that Jetblue Airways Corp’s revenue for the current quarter will be 2.29B. The company’s revenue for the corresponding quarters a year ago was 2.35B and 2.33B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -0.90%. The estimates for the next quarter sales put growth at -1.70%.
The 2024 estimates are for Jetblue Airways Corp earnings to decrease by -84.73%, but the outlook for the next 5-year period is at 42.50% per year.
JBLU Dividends
Jetblue Airways Corp is expected to release its next quarterly earnings report in November.
Jetblue Airways Corp (NASDAQ:JBLU)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 10.50% of Jetblue Airways Corp shares while 82.01% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 91.63%. There are 82.01% institutions holding the Jetblue Airways Corp stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 16.2744% of the shares, roughly 55.28 million JBLU shares worth $336.68 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 10.5482% or 35.83 million shares worth $218.22 million as of 2024-06-30.
