The outlook and analysis of Jetblue Airways Corp (JBLU)’s stock

A share price of Jetblue Airways Corp [JBLU] is currently trading at $6.82, up 1.04%. An important factor to consider is whether the stock is rising or falling in short-term value. The JBLU shares have gain 4.44% over the last week, with a monthly amount glided 18.82%, and seem to be holding up well over a long-time horizon.

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On 4, March 2024, JetBlue Announces Termination of Merger Agreement with Spirit. In a post published today on Yahoo Finance, Positions JetBlue to focus on organic strategy and return to profitability.

From an analyst’s perspective:

Jetblue Airways Corp [NASDAQ: JBLU] stock has seen the most recent analyst activity on February 20, 2024, when Deutsche Bank upgraded its rating to a Buy and also boosted its price target to $9 from $4. Previously, BofA Securities downgraded its rating to Underperform on January 09, 2024, and dropped its price target to $3. On November 10, 2023, downgrade downgraded it’s rating to Underperform but maintained its price target of $3 on the stock. Evercore ISI upgraded its rating to a In-line. Evercore ISI downgraded its rating to a Underperform but $8 remained the price target by the analyst firm on July 11, 2023. Cowen downgraded its rating to Market Perform for this stock on December 15, 2022, and downed its price target to $9. In a note dated December 05, 2022, Citigroup initiated an Neutral rating and provided a target price of $9 on this stock.

Jetblue Airways Corp experienced fluctuations in its stock price throughout the past year between $3.42 and $9.45. Currently, Wall Street analysts expect the stock to reach $14.79 within the next 12 months. Jetblue Airways Corp [NASDAQ: JBLU] shares were valued at $6.82 at the most recent close of the market. An investor can expect a potential return of 116.86% based on the average JBLU price forecast.

Analyzing the JBLU fundamentals

Trailing Twelve Months sales for Jetblue Airways Corp [NASDAQ:JBLU] were 9.62B which represents -3.73% decline. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.09 and Total Capital is -0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.61.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.59 points at the first support level, and at 6.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.04, and for the 2nd resistance point, it is at 7.26.

Jetblue Airways Corp [JBLU] reported earnings per share of -$0.19 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.28/share, meaning a difference of $0.09 and a surprise factor of 32.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.39 per share as compared to estimates of -$0.25 per share, a difference of -$0.14 representing a surprise of -56.00%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Jetblue Airways Corp [NASDAQ:JBLU] is 0.60. On the other hand, the Quick Ratio is 0.57, and the Cash Ratio is 0.32. Considering the valuation of this stock, the price to sales ratio is 0.24, the price to book ratio is 0.69.