In last trading session, Jetblue Airways Corp (NASDAQ:JBLU) saw 12.13 million shares changing hands with its beta currently measuring 1.94. Company’s recent per share price level of $6.05 trading at -$0.11 or -1.79% at ring of the bell on the day assigns it a market valuation of $2.10B. That closing price of JBLU’s stock is at a discount of -33.39% from its 52-week high price of $8.07 and is indicating a premium of 37.85% from its 52-week low price of $3.76. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 21.56 million shares which gives us an average trading volume of 18.37 million if we extend that period to 3-months.
For Jetblue Airways Corp (JBLU), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3.14. Splitting up the data highlights that, out of 9 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.34 in the current quarter.
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Jetblue Airways Corp (NASDAQ:JBLU) trade information
Upright in the red during last session for losing -1.79%, in the last five days JBLU remained trading in the green while hitting it’s week-highest on Wednesday, 11/06/24 when the stock touched $6.05 price level, adding 4.12% to its value on the day. Jetblue Airways Corp’s shares saw a change of 9.01% in year-to-date performance and have moved 6.14% in past 5-day. Jetblue Airways Corp (NASDAQ:JBLU) showed a performance of -13.07% in past 30-days. Number of shares sold short was 50.81 million shares which calculate 3.24 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 6.88 to the stock, which implies a rise of 12.0% to its current value. Analysts have been projecting 4.5 as a low price target for the stock while placing it at a high target of 20. It follows that stock’s current price would jump 25.62% in reaching the projected high whereas dropping to the targeted low would mean a gain of 25.62% for stock’s current value.
Jetblue Airways Corp (JBLU) estimates and forecasts
Statistics highlight that Jetblue Airways Corp is scoring comparatively lower than the scores of other players of the relevant industry. The company added 5.22% of value to its shares in past 6 months, showing an annual growth rate of -108.89% while that of industry is -14.40. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -3.70% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 2.26B for the same. And 5 analysts are in estimates of company making revenue of 2.22B in the next quarter. Company posted 2.33B and 2.21B of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around -97.80% while estimates for its earnings growth in next 5 years are of 44.90%.
Jetblue Airways Corp (NASDAQ:JBLU)’s Major holders
Insiders are in possession of 10.52% of company’s total shares while institution are holding 81.05 percent of that, with stock having share float percentage of 90.58%. Investors also watch the number of corporate investors in a company very closely, which is 81.05% institutions for Jetblue Airways Corp that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at JBLU for having 55.28 million shares of worth $336.68 million. And as of 2024-06-30, it was holding 16.2744 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 35.83 million shares on 2024-06-30. The number of shares represents firm’s hold over 10.5482 of outstanding shares, having a total worth of $218.22 million.
