Jetblue Airways Corp (NASDAQ:JBLU) has a beta value of 1.93 and has seen 9.05 million shares traded in the recent trading session. The company, currently valued at $2.04B, closed the recent trade at $5.87 per share which meant it lost -$0.25 on the day or -4.05% during that session. The JBLU stock price is -37.48% off its 52-week high price of $8.07 and 30.15% above the 52-week low of $4.10. If we look at the company’s 10-day average daily trading volume, we find that it stood at 19.91 million shares traded. The 3-month trading volume is 17.56 million shares.
The consensus among analysts is that Jetblue Airways Corp (JBLU) is Hold stock at the moment, with a recommendation rating of 3.27. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 9 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.41.
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Jetblue Airways Corp (NASDAQ:JBLU) trade information
Sporting -4.05% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the JBLU stock price touched $5.87 or saw a rise of 7.12%. Year-to-date, Jetblue Airways Corp shares have moved 5.80%, while the 5-day performance has seen it change -1.48%. Over the past 30 days, the shares of Jetblue Airways Corp (NASDAQ:JBLU) have changed -19.78%. Short interest in the company has seen 48.18 million shares shorted with days to cover at 2.74.
Wall Street analysts have a consensus price target for the stock at $6, which means that the shares’ value could jump 2.17% from the levels at last check today. The projected low price target is $4.5 while the price target rests at a high of $20.0. In that case, then, we find that the latest price level in today’s session is -240.72% off the targeted high while a plunge would see the stock lose 23.34% from the levels at last check today.
Jetblue Airways Corp (JBLU) estimates and forecasts
Figures show that Jetblue Airways Corp shares have underperformed across the wider relevant industry. The company’s shares have gained 13.36% over the past 6 months, with this year growth rate of -104.44%, compared to -13.80% for the industry. Revenue growth from the last financial year stood is estimated to be -3.93%.
9 analysts offering their estimates for the company have set an average revenue estimate of 2.23B for the current quarter. 6 have an estimated revenue figure of 2.22B for the next ending quarter. Year-ago sales stood 2.33B and 2.21B respectively for this quarter and the next, and analysts expect sales will shrink by -4.00% for the current quarter and -3.93% for the next.
Earnings growth for 2024 is a modest -105.04% while over the next 5 years, the company’s earnings are expected to increase by 44.90%.
JBLU Dividends
Jetblue Airways Corp is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Jetblue Airways Corp (NASDAQ:JBLU)’s Major holders
Insiders own 10.52% of the company shares, while shares held by institutions stand at 84.18% with a share float percentage of 94.08%. Investors are also buoyed by the number of investors in a company, with Jetblue Airways Corp having a total of 442.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 55.28 million shares worth more than $336.68 million. As of 2024-06-30, BLACKROCK INC. held 16.2744% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 35.83 million shares as of 2024-06-30. The firm’s total holdings are worth over $218.22 million and represent 10.5482% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. As of Sep 30, 2024, the former fund manager holds about 5.46% shares in the company for having 18.95 shares of worth $111.59 million while later fund manager owns 9.96 shares of worth $58.68 million as of Jun 30, 2024, which makes it owner of about 2.87% of company’s outstanding stock.
