Jetblue Airways Corp [JBLU] stock is trading at $6.59, up 2.65%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The JBLU shares have gain 10.39% over the last week, with a monthly amount glided 6.98%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
On September 09, 2024, upgrade upgraded it’s rating to Neutral and revised its price target to $6 on the stock. TD Cowen reiterated its Hold rating and increased its price target to $6 on September 06, 2024. TD Cowen reiterated its recommendation of a Hold and reduced its price target to $5 on August 15, 2024. TD Cowen reiterated a Hold rating for this stock on July 31, 2024, and upped its price target to $6. In a note dated July 17, 2024, TD Cowen reiterated an Hold rating on this stock and revised its target price from $6 to $4.
Jetblue Airways Corp [JBLU] stock has fluctuated between $4.49 and $8.07 over the past year. Currently, Wall Street analysts expect the stock to reach $6.31 within the next 12 months. Jetblue Airways Corp [NASDAQ: JBLU] shares were valued at $6.59 at the most recent close of the market. An investor can expect a potential drop of -4.25% based on the average JBLU price forecast.
Analyzing the JBLU fundamentals
Jetblue Airways Corp [NASDAQ:JBLU] reported sales of 9.33B for the trailing twelve months, which represents a growth of 0.51%. 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 6.42 points at the first support level, and at 6.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.79, and for the 2nd resistance point, it is at 6.99.
Ratios To Look Out For
For context, Jetblue Airways Corp’s Current Ratio is 1.21. As well, the Quick Ratio is 1.18, while the Cash Ratio is 0.69. Considering the valuation of this stock, the price to sales ratio is 0.25, the price to book ratio is 0.86.
