In the last trading session, 17.97 million shares of the Jetblue Airways Corp (NASDAQ:JBLU) were traded, and its beta was 1.81. Most recently the company’s share price was $6.48, and it changed around -$0.19 or -2.85% from the last close, which brings the market valuation of the company to $2.25B. JBLU currently trades at a discount to its 52-week high of $8.31, offering almost -28.24% off that amount. The share price’s 52-week low was $4.49, which indicates that the current value has risen by an impressive 30.71% since then. We note from Jetblue Airways Corp’s average daily trading volume that its 10-day average is 37.76 million shares, with the 3-month average coming to 21.03 million.
Jetblue Airways Corp stock received a consensus recommendation rating of Hold, based on a mean score of 3.53. If we narrow it down even further, the data shows that 2 out of 16 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 9 recommended JBLU as a Hold, whereas 1 deemed it a Buy, and 4 rated it as Underweight. Jetblue Airways Corp is expected to report earnings per share of -0.62 for the current quarter.
Jetblue Airways Corp (NASDAQ:JBLU) trade information
Instantly JBLU has showed a red trend with a performance of -2.85% 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 6.72 on recent trading dayincreased the stock’s daily price by 3.57%. The company’s shares are currently down -17.56% year-to-date, but still up 7.28% over the last five days. On the other hand, Jetblue Airways Corp (NASDAQ:JBLU) is -15.84% down in the 30-day period. We can see from the shorts that 52.63 million shares have been sold at a short interest cover period of 2.95 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 -8.0% from its current value. Analyst projections state that JBLU is forecast to be at a low of $5.5 and a high of $7.75.
Jetblue Airways Corp (JBLU) estimates and forecasts
The year-over-year growth rate is expected to be 4.75%, up from the previous year.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of 2.19B in revenue for the current quarter. 9 analysts expect Jetblue Airways Corp to make 2.57B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.21B and 2.43B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -1.04%. Forecasts for the next quarter put sales growth at 5.68%.
JBLU Dividends
Jetblue Airways Corp’s next quarterly earnings report is expected to be released in March.
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 84.66% of them are in the hands of institutional investors. The stock currently has a share float of 94.62%. 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.
