I recommend waiting for a better discount before investing in JetBlue Airways Corporation (JBLU).

As of close of business last night, JetBlue Airways Corporation’s stock clocked out at $6.83, up 1.04% from its previous closing price of $6.76. In other words, the price has increased by $+0.07 from its previous closing price. On the day, 9995388 shares were traded. JBLU stock price reached its highest trading level at $6.94 during the session, while it also had its lowest trading level at $6.77.

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To gain a deeper understanding of JBLU’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.50 and its Current Ratio is at 0.50. In the meantime, Its Debt-to-Equity ratio is 1.06 whereas as Long-Term Debt/Eq ratio is at 0.98.

Upgrades & Downgrades

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, JBLU now has a Market Capitalization of 2.32B and an Enterprise Value of 5.07B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.23 while its Price-to-Book (P/B) ratio in mrq is 0.66. Its current Enterprise Value per Revenue stands at 0.52 whereas that against EBITDA is 10.96.

Stock Price History:

Over the past 52 weeks, JBLU has reached a high of $10.97, while it has fallen to a 52-week low of $6.18. The 50-Day Moving Average of the stock is 6.95, while the 200-Day Moving Average is calculated to be 7.54.

Shares Statistics:

It appears that JBLU traded 8.73M shares on average per day over the past three months and 9.49M shares per day over the past ten days. A total of 327.60M shares are outstanding, with a floating share count of 322.03M. Insiders hold about 0.20% of the company’s shares, while institutions hold 69.50% stake in the company. Shares short for JBLU as of May 14, 2023 were 18.74M with a Short Ratio of 18.74M, compared to 19.7M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 5.71% and a Short% of Float of 5.73%.

Earnings Estimates

As of right now, 12 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.39 for the current quarter, with a high estimate of $0.5 and a low estimate of $0.33, while EPS last year was -$0.47. The consensus estimate for the next quarter is $0.37, with high estimates of $0.51 and low estimates of $0.2.

Analysts are recommending an EPS of between $0.86 and $0.35 for the fiscal current year, implying an average EPS of $0.68. EPS for the following year is $1.12, with 14 analysts recommending between $1.84 and $0.2.

Revenue Estimates

In the current quarter, 10 analysts expect revenue to total $2.6B. It ranges from a high estimate of $2.63B to a low estimate of $2.55B. As of the current estimate, JetBlue Airways Corporation’s year-ago sales were $2.44B, an estimated increase of 6.40% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $2.63B, an increase of 2.90% less than the figure of $6.40% in the same quarter last year. There is a high estimate of $2.72B for the next quarter, whereas the lowest estimate is $2.55B.

A total of 13 analysts have provided revenue estimates for JBLU’s current fiscal year. The highest revenue estimate was $10.24B, while the lowest revenue estimate was $9.89B, resulting in an average revenue estimate of $10.05B. In the same quarter a year ago, actual revenue was $9.16B, up 9.80% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $10.74B in the next fiscal year. The high estimate is $11.12B and the low estimate is $10.26B. The average revenue growth estimate for next year is up 6.80% from the average revenue estimate for this year.