In the latest trading session, 1.97 million Jetblue Airways Corp (NASDAQ:JBLU) shares changed hands as the company’s beta touched 1.63. With the company’s most recent per share price at $5.59 changed hands at -$0.08 or -1.50% at last look, the market valuation stands at $1.97B. JBLU’s current price is a discount, trading about -48.66% off its 52-week high of $8.31. The share price had its 52-week low at $4.49, which suggests the last value was 19.68% up since then. When we look at Jetblue Airways Corp’s average trading volume, we note the 10-day average is 26.58 million shares, with the 3-month average coming to 22.52 million.
Analysts gave the Jetblue Airways Corp (JBLU) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.65. If we narrow down to specifics, the data shows that 1 out of 9 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended JBLU as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Jetblue Airways Corp’s EPS for the current quarter is expected to be -0.62.
Jetblue Airways Corp (NASDAQ:JBLU) trade information
Instantly JBLU was in red as seen in intraday trades today. With action -2.79%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -28.94%, with the 5-day performance at -2.79% in the red. However, in the 30-day time frame, Jetblue Airways Corp (NASDAQ:JBLU) is -17.63% down. Looking at the short shares, we see there were 52.65 million shares sold at short interest cover period of 1.89 days.
The consensus price target for the stock as assigned by Wall Street analysts is 7, meaning bulls need an upside of 20.14% from its recent market value. According to analyst projections, JBLU’s forecast low is 5.5 with 7.75 as the target high. To hit the forecast high, the stock’s price needs a -38.64% plunge from its current level, while the stock would need to tank 1.61% for it to hit the projected low.
Jetblue Airways Corp (JBLU) estimates and forecasts
Year-over-year growth is forecast to reach 4.07% up from the last financial year.
Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of 2.17B. 10 analysts are of the opinion that Jetblue Airways Corp’s revenue for the current quarter will be 2.55B. The company’s revenue for the corresponding quarters a year ago was 2.21B and 2.43B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -1.70%. The estimates for the next quarter sales put growth at 5.04%.
Jetblue Airways Corp (NASDAQ:JBLU)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 10.41% of Jetblue Airways Corp shares while 95.17% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 106.23%. There are 95.17% institutions holding the Jetblue Airways Corp stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 16.2744% of the shares, roughly 55.28 million JBLU shares worth $336.68 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 10.5482% or 35.83 million shares worth $218.22 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jan 31, 2025 were iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. With 19.2 shares estimated at $107.11 million under it, the former controlled 5.44% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.58% of the shares, roughly 9.1 shares worth around $50.79 million.
