Jetblue Airways Corp (NASDAQ:JBLU)’s traded shares stood at 1.07 million during the latest session, with the company’s beta value hitting 1.91. At the last check today, the stock’s price was $7.15, to imply an increase of 2.29% or $0.16 in intraday trading. The JBLU share’s 52-week high remains $8.07, putting it -12.87% down since that peak but still an impressive 52.17% since price per share fell to its 52-week low of $3.42. The company has a valuation of $2.48B, with an average of 14.38 million shares in intraday trading volume over the past 10 days and average of 18.06 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Jetblue Airways Corp (JBLU), translating to a mean rating of 3.14. Of 9 analyst(s) looking at the stock, 1 analyst(s) give JBLU a Sell rating. 0 of those analysts rate the stock as Overweight while 5 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.26.
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Jetblue Airways Corp (NASDAQ:JBLU) trade information
After registering a 2.29% upside in the latest session, Jetblue Airways Corp (JBLU) has traded red over the past five days. The 5-day price performance for the stock is -11.18%, and 11.20% over 30 days. With these gigs, the year-to-date price performance is 28.83%. Short interest in Jetblue Airways Corp (NASDAQ:JBLU) saw shorts transact 53.96 million shares and set a 3.22 days time to cover.
The extremes give us $4.5 and $20 for target low and target high price respectively. As such, JBLU has been trading -179.72% off suggested target high and 37.06% from its likely low.
Jetblue Airways Corp (JBLU) estimates and forecasts
Looking at statistics comparing Jetblue Airways Corp share performance against respective industry, we note that the company has underperformed competitors. Jetblue Airways Corp (JBLU) shares are 23.70% up over the last 6 months, with its year-to-date growth rate lower than industry average at -102.22% against -15.60%. Revenue is forecast to grow 33.30% this quarter before falling -42.10% for the next one. The rating firms project that company’s revenue will shrink -3.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 10 analysts is 2.34B. Meanwhile, for the current quarter, a total of 10 analyst(s) estimate revenue growth to 2.29B.Earnings reports from the last fiscal year show that sales brought in 2.35B and 2.33B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -0.60% before dropping -1.40% in the following quarter.
JBLU Dividends
Jetblue Airways Corp has its next earnings report out on 2024-Oct-29. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Jetblue Airways Corp (NASDAQ:JBLU)’s Major holders
Jetblue Airways Corp insiders hold 10.50% of total outstanding shares, with institutional holders owning 82.42% of the shares at 92.08% float percentage. In total, 82.42% institutions holds shares in the company, led by BLACKROCK INC. As of 2024-06-30, the company held over 55.28 million shares (or 16.2744% of shares), all amounting to roughly $336.68 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 35.83 million shares, or about 10.5482% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $218.22 million.
We also have iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Jetblue Airways Corp (JBLU) shares. Going by data provided on Sep 30, 2024, iShares Core S&P Smallcap ETF holds roughly 18.95 shares. This is just over 5.46% of the total shares, with a market valuation of $135.65 million. Data from the same date shows that the other fund manager holds a little less at 9.96, or 2.87% of the shares, all valued at about 71.33 million.
