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The price of Jetblue Airways Corp (NASDAQ: JBLU) closed at $6.57 in the last session, down -2.81% from day before closing price of $6.76. In other words, the price has decreased by -$2.81 from its previous closing price. On the day, 8.73 million shares were traded. JBLU stock price reached its highest trading level at $6.78 during the session, while it also had its lowest trading level at $6.53.
Ratios:
We take a closer look at JBLU’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.50 and its Current Ratio is at 0.54. In the meantime, Its Debt-to-Equity ratio is 2.23 whereas as Long-Term Debt/Eq ratio is at 2.06.
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, BofA Securities on September 09, 2024, Upgraded its rating to Neutral and sets its target price to $6 from $3 previously.
On September 06, 2024, TD Cowen reiterated its Hold rating and also lowered its target price recommendation from $5 to $6.
TD Cowen reiterated its Hold rating for the stock on August 15, 2024, while the target price for the stock was revised from $6 to $5.
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 2278692864 and an Enterprise Value of 6787693568. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.24 while its Price-to-Book (P/B) ratio in mrq is 0.85. Its current Enterprise Value per Revenue stands at 0.729 whereas that against EBITDA is 21.686.
Stock Price History:
Over the past 52 weeks, JBLU has reached a high of $7.58, while it has fallen to a 52-week low of $3.42. The 50-Day Moving Average of the stock is 18.43%, while the 200-Day Moving Average is calculated to be 10.60%.
Shares Statistics:
According to the various share statistics, JBLU traded on average about 16.72M shares per day over the past 3-months and 15907130 shares per day over the past 10 days. A total of 339.00M shares are outstanding, with a floating share count of 310.63M. Insiders hold about 10.44% of the company’s shares, while institutions hold 79.12% stake in the company. Shares short for JBLU as of 1726185600 were 62578826 with a Short Ratio of 3.74, compared to 1723680000 on 68681517. Therefore, it implies a Short% of Shares Outstanding of 62578826 and a Short% of Float of 25.88.
