Jetblue Airways Corp [JBLU] stock is trading at $7.41, up 4.07%. An important factor to consider is whether the stock is rising or falling in short-term value. The JBLU shares have gain 8.97% over the last week, with a monthly amount glided 29.55%, 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 [JBLU] stock has fluctuated between $3.42 and $7.65 over the past year. 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 $7.41 at the most recent close of the market. An investor can expect a potential return of 27.53% based on the average JBLU price forecast.
Analyzing the JBLU fundamentals
Jetblue Airways Corp [NASDAQ:JBLU] reported sales of 9.31B for the trailing twelve months, which represents a drop of -6.97%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.0.
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 7.12 points at the first support level, and at 6.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.57, and for the 2nd resistance point, it is at 7.74.
Ratios To Look Out For
For context, Jetblue Airways Corp’s Current Ratio is 0.54. On the other hand, the Quick Ratio is 0.50, and the Cash Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 0.28, the price to book ratio is 0.95.
