At the time of writing, Jetblue Airways Corp [JBLU] stock is trading at $6.94, up 9.81%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The JBLU shares have gain 12.66% over the last week, with a monthly amount glided 0.14%, 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.
For the past year, the stock price of Jetblue Airways Corp fluctuated between $3.77 and $8.07. Currently, Wall Street analysts expect the stock to reach $9.63 within the next 12 months. Jetblue Airways Corp [NASDAQ: JBLU] shares were valued at $6.94 at the most recent close of the market. An investor can expect a potential return of 38.76% based on the average JBLU price forecast.
Analyzing the JBLU fundamentals
According to Jetblue Airways Corp [NASDAQ:JBLU], the company’s sales were 9.33B for trailing twelve months, which represents an 0.51% jump. Gross Profit Margin for this corporation currently stands at 0.08% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at -0.1%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.3 and Total Capital is -0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.11.
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 6.52 points at the first support level, and at 6.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.39, and for the 2nd resistance point, it is at 7.84.
Ratios To Look Out For
It is important to note that Jetblue Airways Corp [NASDAQ:JBLU] has a current ratio of 1.21. Further, the Quick Ratio stands at 1.18, while the Cash Ratio is 0.69. Considering the valuation of this stock, the price to sales ratio is 0.26, the price to book ratio is 0.91.
