In the last trading session, 27.7 million shares of the Jetblue Airways Corp (NASDAQ:JBLU) were traded, and its beta was 1.95. Most recently the company’s share price was $6.39, and it changed around -$0.67 or -9.49% from the last close, which brings the market valuation of the company to $2.20B. JBLU currently trades at a discount to its 52-week high of $8.07, offering almost -26.29% off that amount. The share price’s 52-week low was $4.09, which indicates that the current value has risen by an impressive 35.99% since then. We note from Jetblue Airways Corp’s average daily trading volume that its 10-day average is 19.02 million shares, with the 3-month average coming to 17.07 million.
Jetblue Airways Corp stock received a consensus recommendation rating of Hold, based on a mean score of 3.27. If we narrow it down even further, the data shows that 1 out of 19 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 3 rated it as Underweight.
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Jetblue Airways Corp (NASDAQ:JBLU) trade information
Instantly JBLU has showed a red trend with a performance of -9.49% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 7.44 on recent trading dayincreased the stock’s daily price by 14.11%. The company’s shares are currently up 15.14% year-to-date, but still up 0.31% over the last five days. On the other hand, Jetblue Airways Corp (NASDAQ:JBLU) is -20.62% down in the 30-day period. We can see from the shorts that 48.18 million shares have been sold at a short interest cover period of 2.74 day(s).
The consensus price target as assigned by Wall Street analysts is $6, which translates to bulls needing to decrease their stock price by -6.5% 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 9.42 percent over the past six months and at a -104.44% annual growth rate that is well below the industry average of -13.60%.
Jetblue Airways Corp earnings are expected to increase by -104.68% in 2024, but the outlook is positive 44.90% per year for the next five years.
JBLU Dividends
Jetblue Airways Corp’s next quarterly earnings report is expected to be released on 2025-Jan-28.
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 84.17% of them are in the hands of institutional investors. The stock currently has a share float of 94.06%. Jetblue Airways Corp stock is held by 442.0 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.
