With 339.00M Outstanding Shares, Can Jetblue Airways Corp (NASDAQ: JBLU) Deliver Big Short-Term Gains?

Jetblue Airways Corp (NASDAQ:JBLU) currently has a daily average trading volume of 17.96M but it saw 10586751 shares traded in last market. With a market cap of 2.49B USD, the company’s current market price of $7.18 came falling about -2.58 while comparing to the previous closing price of $7.37. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.07 and as low as $3.42. In the recent trading on the day, stock has struck highest price mark of $7.105 while lowest mark touched by it was $7.47.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the BofA Securities which upgraded the stock as “Neutral” in its note to investors issued on September 09, 2024, recommending a price target of between $3 and $6 for it. TD Cowen issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $6 and $5.

Over the week, JBLU’s stock price is moving 0.84% up while it is 19.67% when we observe its performance for the past one month. Year-to-date it is 29.37% up and over the past year, the stock is showing an upside performance of 60.99%.

Currently, Jetblue Airways Corp’s total number of outstanding shares is 339.00M. Company’s return on investment (ROI) stands at -11.50% and return on equity (ROE) at -30.33%. Stock’s beta reads 1.92. Stock has a price to book (P/B) ratio of 0.92 while price to sale or P/S ratio amounts to 0.27. Its return on asset (ROA) is -6.90% on average.