During the recent session, Jetblue Airways Corp (NASDAQ:JBLU)’s traded shares were 2.03 million, with the beta value of the company hitting 1.94. At the last check today, the stock’s price was $6.13, reflecting an intraday loss of -0.40% or -$0.02. The 52-week high for the JBLU share is $8.07, that puts it down -31.65 from that peak though still a striking 33.12% gain since the share price plummeted to a 52-week low of $4.10. The company’s market capitalization is $2.12B, and the average intraday trading volume over the past 10 days was 20.95 million shares, and the average trade volume was 17.60 million shares over the past three months.
Jetblue Airways Corp (JBLU) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.27. JBLU has a Sell rating from 1 analyst(s) out of 9 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.42.
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Jetblue Airways Corp (NASDAQ:JBLU) trade information
Jetblue Airways Corp (JBLU) registered a -0.40% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.40% in intraday trading to $6.13, hitting a weekly high. The stock’s 5-day price performance is -13.24%, and it has moved by -12.37% in 30 days. Based on these gigs, the overall price performance for the year is 45.50%. The short interest in Jetblue Airways Corp (NASDAQ:JBLU) is 48.18 million shares and it means that shorts have 2.74 day(s) to cover.
The consensus price target of analysts on Wall Street is $6, which implies a decrease of -2.17% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4.5 and $20 respectively. As a result, JBLU is trading at a discount of -226.26% off the target high and 26.59% off the low.
Jetblue Airways Corp (JBLU) estimates and forecasts
Statistics show that Jetblue Airways Corp has underperformed its competitors in share price, compared to the industry in which it operates. Jetblue Airways Corp (JBLU) shares have gone up 12.39% during the last six months, with a year-to-date growth rate less than the industry average at -104.44% against -13.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -122.36% this quarter and then drop -4.51% in the quarter after that. In the rating firms’ projections, revenue will decrease -3.93% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.23B as predicted by 9 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 2.22B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 2.33B and 2.21B respectively. In this case, analysts expect current quarter sales to shrink by -4.00% and then jump by 0.36% in the coming quarter.
While earnings are projected to return -104.68% in 2024, the next five years will return 44.90% per annum.
JBLU Dividends
Jetblue Airways Corp is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Jetblue Airways Corp (NASDAQ:JBLU)’s Major holders
Jetblue Airways Corp insiders own 10.52% of total outstanding shares while institutional holders control 84.09%, with the float percentage being 93.98%. BLACKROCK INC. is the largest shareholder of the company, while 441.0 institutions own stock in it. As of 2024-06-30, the company held over 55.28 million shares (or 16.2744% of all shares), a total value of $336.68 million in shares.
The next largest institutional holding, with 35.83 million shares, is of VANGUARD GROUP INC’s that is approximately 10.5482% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $218.22 million.
Also, the Mutual Funds coming in first place with the largest holdings of Jetblue Airways Corp (JBLU) shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. Data provided on Sep 30, 2024 indicates that iShares Core S&P Smallcap ETF owns about 18.95 shares. This amounts to just over 5.46 percent of the company’s overall shares, with a $115.95 million market value. The same data shows that the other fund manager holds slightly less at 9.96, or about 2.87% of the stock, which is worth about $60.97 million.
