Jetblue Airways Corp [JBLU] stock is trading at $6.83, up 4.59%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling.
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From an analyst’s perspective:
Previously, Deutsche Bank upgraded its rating to Buy on February 20, 2024, and elevated its price target to $9. On January 09, 2024, downgrade downgraded it’s rating to Underperform and revised its price target to $3 on the stock. Exane BNP Paribas downgraded its rating to a Underperform but stick to its price target of $3 on November 10, 2023. Evercore ISI upgraded its rating to a In-line. Evercore ISI downgraded its rating to Underperform for this stock on July 11, 2023, but kept the price target unchanged to $8. In a note dated December 15, 2022, Cowen downgraded an Market Perform rating on this stock and revised its target price from $10 to $9.
Jetblue Airways Corp [JBLU] stock has fluctuated between $3.42 and $9.45 over the past year. Currently, Wall Street analysts expect the stock to reach $10.69 within the next 12 months. Jetblue Airways Corp [NASDAQ: JBLU] shares were valued at $6.83 at the most recent close of the market. An investor can expect a potential return of 56.52% based on the average JBLU price forecast.
Analyzing the JBLU fundamentals
Jetblue Airways Corp [NASDAQ:JBLU] reported sales of 9.62B for the trailing twelve months, which represents a drop of -3.73%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.61.
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 7.02, and for the 2nd resistance point, it is at 7.22.
Ratios To Look Out For
For context, Jetblue Airways Corp’s Current Ratio is 0.60. In addition, the Quick Ratio stands at 0.57 and the Cash Ratio stands at 0.32. Considering the valuation of this stock, the price to sales ratio is 0.24, the price to book ratio is 0.69.
Transactions by insiders
Recent insider trading involved Spencer Gerald Alfred, Principal Accounting Officer, that happened on Aug 18 ’23 when 11879.0 shares were sold.
