A share price of Jetblue Airways Corp [JBLU] is currently trading at $6.54, up 4.98%. An important factor to consider is whether the stock is rising or falling in short-term value. The JBLU shares have gain 14.74% over the last week, with a monthly amount glided 18.48%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Jetblue Airways Corp [NASDAQ: JBLU] stock has seen the most recent analyst activity on April 23, 2024, when TD Cowen reiterated its Hold rating and also revised its price target to $6 from $7. Previously, JP Morgan upgraded its rating to Neutral on April 18, 2024, and kept the price target unchanged to $7. Deutsche Bank upgraded its rating to a Buy and increased its price target to $9 on February 20, 2024. BofA Securities downgraded its rating to a Underperform and reduced its price target to $3 on January 09, 2024. Exane BNP Paribas downgraded its rating to Underperform for this stock on November 10, 2023, but kept the price target unchanged to $3. In a note dated August 28, 2023, Evercore ISI upgraded an In-line rating on this stock.
Jetblue Airways Corp experienced fluctuations in its stock price throughout the past year between $3.42 and $8.96. 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 $6.54 at the most recent close of the market. An investor can expect a potential return of 63.46% based on the average JBLU price forecast.
Analyzing the JBLU fundamentals
Trailing Twelve Months sales for Jetblue Airways Corp [NASDAQ:JBLU] were 9.50B which represents -5.11% decline. Gross Profit Margin for this corporation currently stands at 0.12% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at -0.09%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.26 and Total Capital is -0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.15.
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 6.35 points at the first support level, and at 6.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.65, and for the 2nd resistance point, it is at 6.76.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Jetblue Airways Corp [NASDAQ:JBLU] is 0.54. On the other hand, the Quick Ratio is 0.51, and the Cash Ratio is 0.31. Considering the valuation of this stock, the price to sales ratio is 0.23, the price to book ratio is 0.84.
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.
