Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
After finishing at $7.51 in the prior trading day, Jetblue Airways Corp (NASDAQ: JBLU) closed at $6.10, down -18.77%. In other words, the price has decreased by -$18.77 from its previous closing price. On the day, 36.83 million shares were traded. JBLU stock price reached its highest trading level at $6.74 during the session, while it also had its lowest trading level at $6.0.
Ratios:
Our goal is to gain a better understanding of JBLU by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.57 and its Current Ratio is at 0.60. In the meantime, Its Debt-to-Equity ratio is 1.61 whereas as Long-Term Debt/Eq ratio is at 1.49.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on Apr-24-24, Reiterated its Hold rating but revised its target price to $6 from $7 previously.
On April 18, 2024, JP Morgan Upgraded its rating to Neutral which previously was Underweight but kept the price unchanged to $7.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 18 ’23 when Spencer Gerald Alfred sold 11,879 shares for $6.35 per share. The transaction valued at 75,432 led to the insider holds 0 shares of the business.
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 2074823552 and an Enterprise Value of 6360970240. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.22 while its Price-to-Book (P/B) ratio in mrq is 0.62. Its current Enterprise Value per Revenue stands at 0.662 whereas that against EBITDA is 12.093.
Stock Price History:
Over the past 52 weeks, JBLU has reached a high of $9.45, while it has fallen to a 52-week low of $3.42. The 50-Day Moving Average of the stock is -11.83%, while the 200-Day Moving Average is calculated to be 4.10%.
Shares Statistics:
The stock has traded on average 14.92M shares per day over the past 3-months and 16485270 shares per day over the last 10 days, according to various share statistics. A total of 339.00M shares are outstanding, with a floating share count of 337.85M. Insiders hold about 0.42% of the company’s shares, while institutions hold 79.82% stake in the company. Shares short for JBLU as of 1711584000 were 43581545 with a Short Ratio of 2.92, compared to 1709164800 on 40824414. Therefore, it implies a Short% of Shares Outstanding of 43581545 and a Short% of Float of 18.540001.
Earnings Estimates
The current assessment of Jetblue Airways Corp (JBLU) involves the perspectives of 12.0 analysts closely monitoring its market dynamics.On average, analysts expect EPS of -$0.52 for the current quarter, with a high estimate of -$0.43 and a low estimate of -$0.6, while EPS last year was -$0.34. The consensus estimate for the next quarter is $0.0, with high estimates of $0.1 and low estimates of -$0.1.
Analysts are recommending an EPS of between -$0.42 and -$1.2 for the fiscal current year, implying an average EPS of -$0.73. EPS for the following year is $0.02, with 14.0 analysts recommending between $0.42 and -$0.55.
Revenue Estimates
10 analysts predict $2.2B in revenue for the current quarter. It ranges from a high estimate of $2.22B to a low estimate of $2.19B. As of the current estimate, Jetblue Airways Corp’s year-ago sales were $2.33BFor the next quarter, 10 analysts are estimating revenue of $2.51B. There is a high estimate of $2.55B for the next quarter, whereas the lowest estimate is $2.47B.
A total of 13 analysts have provided revenue estimates for JBLU’s current fiscal year. The highest revenue estimate was $9.78B, while the lowest revenue estimate was $9.45B, resulting in an average revenue estimate of $9.61B. In the same quarter a year ago, actual revenue was $9.62BBased on 13 analysts’ estimates, the company’s revenue will be $10.26B in the next fiscal year. The high estimate is $10.85B and the low estimate is $9.41B.
