Jetblue Airways Corp (NASDAQ:JBLU) shares, rose in value, with the stock price up by 0.15% to the previous day’s close as strong demand from buyers drove the stock to $6.80.
Actively observing the price movement in the last trading, the stock closed the session at $6.79. The value of beta (5-year monthly) was 1.85. Referring to stock’s 52-week performance, its high was $9.45, and the low was $3.42. On the whole, JBLU has fluctuated by -6.08% over the past month.
With the market capitalization of Jetblue Airways Corp currently standing at about $2.31 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 23, 2024 – Apr 29, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.52, which is expected to increase to $0.12 for fiscal year -$0.75 and then to about -$0.04 by fiscal year 2025. Data indicates that the EPS growth is expected to be -66.70% in 2025, while the next year’s EPS growth is forecast to be 94.70%.
Analysts have estimated the company’s revenue for the quarter at $2.18 billion, with a low estimate of $2.16 billion and a high estimate of $2.21 billion. According to the average forecast, sales growth in current quarter could jump down -6.20%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $9.59 billion, representing a decrease of -0.30% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that JBLU’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of JBLU currently trading nearly -4.35% and 3.34% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.99, while the 7-day volatility ratio is showing 4.36% which for the 30-day chart, stands at 4.48%. Furthermore, Jetblue Airways Corp (JBLU)’s beta value is 1.85, and its average true range (ATR) is 0.31.
A comparison of Jetblue Airways Corp (JBLU) with its peers suggests the former has fared considerably weaker in the market. JBLU showed an intraday change of 0.15% in last session, and over the past year, it shrunk by -3.41%%.
Data on historical trading for Jetblue Airways Corp (NASDAQ:JBLU) indicates that the trading volumes over the past 10 days have averaged 9.63 million and over the past 3 months, they’ve averaged 17.22 million. According to company’s latest data on outstanding shares, there are 339.00 million shares outstanding.
Nearly 0.38% of Jetblue Airways Corp’s shares belong to company insiders and institutional investors own 79.87% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 37.41 million shares as on Mar 15, 2024, resulting in a short ratio of 2.98. According to the data, the short interest in Jetblue Airways Corp (JBLU) stood at 11.03% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 43.23 million. The stock has risen by 22.52% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the JBLU stock heading into the next quarter.
