Jetblue Airways Corp [JBLU] stock prices are down -2.76% to $7.04 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The JBLU shares have gain 6.83% over the last week, with a monthly amount glided 1.44%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
BofA Securities upgraded its rating to a Neutral and increased its price target to $6 on September 09, 2024. TD Cowen reiterated its recommendation of a Hold and raised its price target to $6 on September 06, 2024. TD Cowen reiterated a Hold rating for this stock on August 15, 2024, and downed its price target to $5. In a note dated July 31, 2024, TD Cowen reiterated an Hold rating on this stock and boosted its target price from $4 to $6.
The stock price of Jetblue Airways Corp [JBLU] has been fluctuating 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 $7.04 at the most recent close of the market. An investor can expect a potential drop of -10.37% based on the average JBLU price forecast.
Analyzing the JBLU fundamentals
The Jetblue Airways Corp [NASDAQ:JBLU] reported sales of 9.33B for trailing twelve months, representing a surge 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.11.
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 6.94 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 7.23, and for the 2nd resistance point, it is at 7.42.
Ratios To Look Out For
It’s worth pointing out that Jetblue Airways Corp [NASDAQ:JBLU]’s Current Ratio is 1.21. On the other hand, the Quick Ratio is 1.18, and 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 0.92.
