In the latest session, Jetblue Airways Corp (NASDAQ: JBLU) closed at $7.00 up 0.72% from its previous closing price of $6.95. In other words, the price has increased by $+0.05 from its previous closing price. On the day, 10659468 shares were traded.
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Ratios:
For a deeper understanding of Jetblue Airways Corp’s stock, let’s take a closer look at its various 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 the company, Deutsche Bank on February 20, 2024, Upgraded its rating to Buy and sets its target price to $9 from $4 previously.
On January 09, 2024, BofA Securities Downgraded its rating to Underperform which previously was Neutral and also lowered its target price recommendation from $6 to $3.
Exane BNP Paribas Downgraded its Neutral to Underperform on November 10, 2023, while the target price for the stock was maintained at $3.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 2.37B and an Enterprise Value of 6.19B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.25 while its Price-to-Book (P/B) ratio in mrq is 0.71. Its current Enterprise Value per Revenue stands at 0.64 whereas that against EBITDA is 12.45.
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 5.99, while the 200-Day Moving Average is calculated to be 5.98.
Shares Statistics:
For the past three months, JBLU has traded an average of 18.15M shares per day and 13.66M over the past ten days. A total of 339.00M shares are outstanding, with a floating share count of 337.99M. Insiders hold about 0.38% of the company’s shares, while institutions hold 79.75% stake in the company. Shares short for JBLU as of Feb 29, 2024 were 40.82M with a Short Ratio of 2.25, compared to 35.27M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 12.03% and a Short% of Float of 12.06%.
Earnings Estimates
There are 12 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.53 for the current quarter, with a high estimate of -$0.4 and a low estimate of -$0.64, while EPS last year was -$0.34. The consensus estimate for the next quarter is $0.01, with high estimates of $0.12 and low estimates of -$0.25.
Analysts are recommending an EPS of between -$0.31 and -$1.4 for the fiscal current year, implying an average EPS of -$0.78. EPS for the following year is -$0.13, with 13 analysts recommending between $0.3 and -$0.65.
Revenue Estimates
A total of 11 analysts believe the company’s revenue will be $2.18B this quarter.It ranges from a high estimate of $2.21B to a low estimate of $2.16B. As of the current estimate, Jetblue Airways Corp’s year-ago sales were $2.33B, an estimated decrease of -6.50% from the year-ago figure. For the next quarter, 11 analysts are estimating revenue of $2.5B, a decrease of -4.20% over than the figure of -$6.50% in the same quarter last year. There is a high estimate of $2.56B for the next quarter, whereas the lowest estimate is $2.41B.
A total of 12 analysts have provided revenue estimates for JBLU’s current fiscal year. The highest revenue estimate was $9.71B, while the lowest revenue estimate was $9.25B, resulting in an average revenue estimate of $9.54B. In the same quarter a year ago, actual revenue was $9.62B, down -0.80% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $10.19B in the next fiscal year. The high estimate is $10.84B and the low estimate is $9.39B. The average revenue growth estimate for next year is up 6.80% from the average revenue estimate for this year.
