JetBlue Airways Corporation (NASDAQ:JBLU) does about 14.84M shares in volume on a normal day but saw 7579760 shares change hands in Friday trading. The company now has a market cap of 3.16B USD and an enterprise value of about $5.82B. Its current market price is $11.97, marking an increase of 3.19% compared to the previous close of $11.60. The 52 week high reached by this stock is $21.65 whilst the lowest price level in 52 weeks is $6.61. The script in recent trading has seen the stock touch a high of $12.045 and a low of $11.59.
JetBlue Airways Corporation (JBLU) has a 20-day trading average at $11.13 and the current price is -44.71% off the 52-week high compared with 81.09% distance from its 52-week low. The 50-day simple moving average of the closing price is $10.83 and its 200-day simple moving average is $13.66. If we look at the stock’s price movements over the week, volatility stands at 5.09%, which decreases to 4.68% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 62.15 to suggest the stock is neutral.
16 analysts observing the JetBlue Airways Corporation (JBLU) stock have set the 12-month price targets for the company’s shares at between $8.00 and $18.00. The consensus objective for the share price is $12.08, suggesting that the stock has a potential upside of 0.91% over the period. The median price target is 0.25% away from the current levels at $12.00.
FactSet Research has provided data showing that 16 brokerages have issued ratings for the stock. 2 analysts have rated it as a sell, while 0 advise that it is a overweight. 4 analysts have rated it as a buy and 10 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 17, 2020 when Seaport Global Securities initiated the stock to “Buy” and issued a price target of $18. JP Morgan downgraded the stock to “Underweight” from Neutral on June 10, 2020 at a price target of $11.
The current price level is 8.33%, 10.52%, and -12.60% away from its SMA20, SMA50, and SMA200 respectively, with the JBLU price moving above the 50-day SMA on August 28. JetBlue Airways Corporation (JBLU) stock is up 13.35% over the week and 17.35% over the past month. Its price is -36.06% year-to-date and -31.01% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of -$2.02 below consensus estimates by -$0.1. The company’s next earnings report is expected on 10/27/2020, with forecasts estimating quarterly EPS at -$2.09 and -$5.89 for whole year. JBLU’s earnings per share are forecast to shrink by -410.00% this year and 102.00% over next year. Expected sales for next quarter are $837.81 million, which analysts say will come at $3.12 billion for the current fiscal year and next year at $5.85 billion. In addition, estimates put the company’s current quarterly revenue at an average of $471.87 million.
To reach the target analysts have set, the stock logically needs to grow 0.91 percent from here.
Outstanding shares total 271.70M with insiders holding 0.98% of the shares and institutional holders owning 105.71% of the company’s common stock. The company has a return on investment of 8.40% and return on equity of -5.30%. The forward price to earnings ratio is 99.75. The beta has a value of 1.40. Price to book ratio is 0.79 and price to sales ratio is 0.53.
According to a U.S. Securities and Exchange Commission filing, Vanguard Selected Value Fund has reduced its position in JetBlue Airways Corporation (JBLU) to 7,840,529 shares, mirroring a recent drop by 0.00%. Vanguard Selected Value Fund dumped 0.0 shares of JetBlue Airways Corporation common stock bringing its total worth to about $81.07 million at the end of recent close, SEC documents show. Vanguard Selected Value Fund isn’t the only investment manager who changed stakes and is followed by Vanguard Total Stock Market Index, which sold off 76374.0 shares to end up with 7,641,011 shares worth $79.01 million. PRIMECAP Odyssey Aggressive Growt cut their holdings by -4.21% in the company over the course of the most recent quarter. It now holds a 2.71% position in JetBlue Airways Corporation thanks to 7.32 million shares amounting to $75.68 million.