Don’t Let Recent momentum Confuse Your Outlook on JetBlue Airways Corporation [JBLU]

JetBlue Airways Corporation [JBLU] stock is down -1.76 while the S&P 500 has risen 0.88% on Friday, 12/04/20. While at the time of this article, JBLU ATR is sitting at 0.84, with the beta value at 1.59. This stock’s volatility for the past week remained at 5.60%, while it was 5.03% for the past 30-day period. JBLU has fallen -$0.28 from the previous closing price of $15.89 on volume of 14.83 million shares.

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On 1, December 2020, JetBlue Announces Pricing of Common Stock Offering. According to news published on Yahoo Finance, JetBlue Airways Corporation (NASDAQ: JBLU) today announced that it has priced its underwritten offering of 36,500,000 shares of its common stock at a public offering price of $14.40 per share. The size of the offering was increased from the previously announced 35,000,000 shares of common stock. The net proceeds to JetBlue from the offering, after deducting underwriting discounts and other offering expenses, are expected to be approximately $506,704,000.

Analyst Birdseye View:

The most recent analyst activity for JetBlue Airways Corporation [NASDAQ:JBLU] stock was on September 08, 2020, when it was Initiated with an Overweight rating from Morgan Stanley, which also raised its 12-month price target on the stock to $16. Before that, on October 07, 2020, JP Morgan Recapitulated an Overweight rating and elevated its amount target to $17. On June 17, 2020, Seaport Global Securities Initiated a Buy rating and boosted its price target on this stock to $18. On June 10, 2020, JP Morgan Downgrade an Underweight rating and increased its price target to $11. On June 08, 2020, BofA/Merrill Upgrade a Neutral rating. On April 28, 2020, Cowen Reiterated a Market perform rating and boosted its amount target on this stock to $9. On April 21, 2020, Susquehanna Downgrade a Neutral rating and boosted its target amount on this stock to $9. On April 06, 2020, JP Morgan Downgrade a Neutral rating and improved its amount target to $10.

In the past 52 weeks of trading, this stock has oscillated between a low of $6.61 and a peak of $21.65. Right now, the middling Wall Street analyst 12-month amount mark is $15.00. At the most recent market close, shares of JetBlue Airways Corporation [NASDAQ:JBLU] were valued at $15.61. According to the average price forecast, investors can expect a potential return of 5.2%.


JetBlue Airways Corporation [NASDAQ:JBLU] most recently reported quarterly sales of 492.0 million, which represented growth of -76.40%. This company’s Gross Margin is currently 67.60%, its Operating Margin is -23.90%, its Pretax Margin is +9.49, and its Net Margin is +7.03. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 5.09, 12.09, 11.18 and 8.20 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 39.64 and the whole liability to whole assets at 26.45. It shows enduring liability to the whole principal at 33.71 and enduring liability to assets at 0.22 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 15.28 points at 1st support level, the second support level is making up to 14.95. But as of 1st resistance point, this stock is sitting at 16.15 and at 16.68 for 2nd resistance point.

JetBlue Airways Corporation [JBLU] reported its earnings at -$1.75 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$1.96/share signifying the difference of 0.21 and 10.70% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$2.02 calling estimates for -$1.92/share with the difference of -0.1 depicting the surprise of -5.20%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for JetBlue Airways Corporation [NASDAQ:JBLU] is 1.20. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.50. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.69 and it’s amount to book ratio is 1.10.

Insider Stories

The most recent insider trade was by Sundaram Easwaran, Chief Digital&Tech Officer, and it was the sale of 31824.0 shares on Sep 16. Laurence Scott M, the Head of Revenue & Planning, completed a sale of 8409.0 shares on Aug 06. On May 29, Nelson Brandon, General Counsel Corp Sec, completed a sale of 3000.0 shares.