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Jetblue Airways Corp (NASDAQ: JBLU) closed the day trading at $5.93 down -4.51% from the previous closing price of $6.21. In other words, the price has decreased by -$4.51 from its previous closing price. On the day, 18.36 million shares were traded. JBLU stock price reached its highest trading level at $6.255 during the session, while it also had its lowest trading level at $5.9.
Ratios:
For a better understanding of JBLU, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.51 and its Current Ratio is at 0.54. In the meantime, Its Debt-to-Equity ratio is 2.15 whereas as Long-Term Debt/Eq ratio is at 1.98.
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 July 17, 2024, Reiterated its Hold rating but revised its target price to $4 from $6 previously.
On April 23, 2024, TD Cowen reiterated its Hold rating and also upped its target price recommendation from $7 to $6.
JP Morgan Upgraded its Underweight to Neutral on April 18, 2024, while the target price for the stock was maintained at $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 2017000576 and an Enterprise Value of 6106000896. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.21 while its Price-to-Book (P/B) ratio in mrq is 0.77. Its current Enterprise Value per Revenue stands at 0.643 whereas that against EBITDA is 12.067.
Stock Price History:
Over the past 52 weeks, JBLU has reached a high of $7.97, while it has fallen to a 52-week low of $3.42. The 50-Day Moving Average of the stock is 2.57%, while the 200-Day Moving Average is calculated to be 4.09%.
Shares Statistics:
Over the past 3-months, JBLU traded about 10.43M shares per day on average, while over the past 10 days, JBLU traded about 12205800 shares per day. A total of 339.00M shares are outstanding, with a floating share count of 315.62M. Insiders hold about 7.21% of the company’s shares, while institutions hold 81.64% stake in the company. Shares short for JBLU as of 1721001600 were 43413553 with a Short Ratio of 4.16, compared to 1718323200 on 45966920. Therefore, it implies a Short% of Shares Outstanding of 43413553 and a Short% of Float of 18.459999999999997.
