In today’s recent session, 8.64 million shares of the Jetblue Airways Corp (NASDAQ:JBLU) have been traded, and its beta is 1.91. Most recently the company’s share price was $6.28, and it changed around -$1.04 or -14.14% from the last close, which brings the market valuation of the company to $2.18B. JBLU at last check was trading at a discount to its 52-week high of $8.07, offering almost -28.5% off that amount. The share price’s 52-week low was $3.42, which indicates that the recent value has risen by an impressive 45.54% since then. We note from Jetblue Airways Corp’s average daily trading volume that its 10-day average is 15.29 million shares, with the 3-month average coming to 18.12 million.
Jetblue Airways Corp stock received a consensus recommendation rating of Hold, based on a mean score of 3.14. If we narrow it down even further, the data shows that 0 out of 16 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 9 recommended JBLU as a Hold, whereas 5 deemed it a Buy, and 1 rated it as Underweight. Jetblue Airways Corp is expected to report earnings per share of -0.25 for the current quarter.
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Jetblue Airways Corp (NASDAQ:JBLU) trade information
Instantly JBLU has been showing red trend so far today with a performance of -14.14% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 7.49 on recent trading dayincreased the stock’s daily price by 16.15%. The company’s shares are currently up 13.24% year-to-date, but still down -14.72% over the last five days. On the other hand, Jetblue Airways Corp (NASDAQ:JBLU) is -4.19% down in the 30-day period. We can see from the shorts that 50.81 million shares have been sold at a short interest cover period of 3.24 day(s).
The consensus price target as assigned by Wall Street analysts is $6.88, which translates to bulls needing to increase their stock price by 8.72% from its current value. Analyst projections state that JBLU is forecast to be at a low of $4.5 and a high of $20.
Jetblue Airways Corp (JBLU) estimates and forecasts
Jetblue Airways Corp share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 10.65 percent over the past six months and at a -102.22% annual growth rate that is well below the industry average of -16.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 35.90% in revenue this quarter, and will report a decrease of -42.10% in the next quarter. The year-over-year growth rate is expected to be -3.60%, down from the previous year.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of 2.34B in revenue for the current quarter. 10 analysts expect Jetblue Airways Corp to make 2.29B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.35B and 2.33B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -0.60%. Forecasts for the next quarter put sales growth at -1.40%.
Jetblue Airways Corp earnings are expected to increase by -80.57% in 2024, but the outlook is positive 42.50% per year for the next five years.
JBLU Dividends
Jetblue Airways Corp’s next quarterly earnings report is expected to be released on 2024-Oct-29.
Jetblue Airways Corp (NASDAQ:JBLU)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 10.52% of Jetblue Airways Corp shares, and 82.33% of them are in the hands of institutional investors. The stock currently has a share float of 92.02%. Jetblue Airways Corp stock is held by 435.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 16.2744% of the shares, which is about 55.28 million shares worth $336.68 million.
VANGUARD GROUP INC, with 10.5482% or 35.83 million shares worth $218.22 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 18.95 shares worth $115.76 million, making up 5.46% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 9.96 shares worth around $60.87 million, which represents about 2.87% of the total shares outstanding.
