Jetblue Airways Corp (NASDAQ:JBLU) shares, rose in value, with the stock price down by -3.11% to the previous day’s close as strong demand from buyers drove the stock to $5.91.
Actively observing the price movement in the last trading, the stock closed the session at $6.10. 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 -20.03% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 9.55B, with a low estimate of 2.36B and a high estimate of 2.55B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.46B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that JBLU’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% 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 -15.04% and -14.61% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.37, while the 7-day volatility ratio is showing 6.82% which for the 30-day chart, stands at 4.75%. Furthermore, Jetblue Airways Corp (JBLU)’s beta value is 1.87, and its average true range (ATR) is 0.41.
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 -3.11% in last session, and over the past year, it shrunk by -13.34%%.
Data on historical trading for Jetblue Airways Corp (NASDAQ:JBLU) indicates that the trading volumes over the past 3 months, they’ve averaged 15.20 million. According to company’s latest data on outstanding shares, there are 339.00 million shares outstanding.
Nearly 0.47% of Jetblue Airways Corp’s shares belong to company insiders and institutional investors own 79.73% of the company’s shares. The stock has risen by 6.49% 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.
