A share price of Jetblue Airways Corp [JBLU] is currently trading at $6.42, down -0.16%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The JBLU shares have gain 12.24% over the last week, with a monthly amount glided 31.83%, 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 September 09, 2024, when BofA Securities upgraded its rating to a Neutral and also boosted its price target to $6 from $3. Previously, TD Cowen reaffirmed its Hold rating on September 06, 2024, and elevated its price target to $6. On August 15, 2024, TD Cowen reiterated its Hold rating and revised its price target to $5 on the stock. TD Cowen reiterated its Hold rating and increased its price target to $6 on July 31, 2024. TD Cowen reiterated its recommendation of a Hold and reduced its price target to $4 on July 17, 2024. TD Cowen reiterated a Hold rating for this stock on April 23, 2024, and downed its price target to $6. In a note dated April 18, 2024, JP Morgan upgraded an Neutral rating on this stock but restated the target price of $7.
Jetblue Airways Corp experienced fluctuations in its stock price throughout the past year between $3.42 and $7.58. Currently, Wall Street analysts expect the stock to reach $9.45 within the next 12 months. Jetblue Airways Corp [NASDAQ: JBLU] shares were valued at $6.42 at the most recent close of the market. An investor can expect a potential return of 47.2% based on the average JBLU price forecast.
Analyzing the JBLU fundamentals
Trailing Twelve Months sales for Jetblue Airways Corp [NASDAQ:JBLU] were 9.31B which represents -6.97% decline. Gross Profit Margin for this corporation currently stands at 0.06% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.11%, and Net Profit Margin reading is -0.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.31 and Total Capital is -0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.0.
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 6.31 points at the first support level, and at 6.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.53, and for the 2nd resistance point, it is at 6.65.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Jetblue Airways Corp [NASDAQ:JBLU] is 0.54. In addition, the Quick Ratio stands at 0.50 and the Cash Ratio stands at 0.34. Considering the valuation of this stock, the price to sales ratio is 0.24, the price to book ratio is 0.83.
