After finishing at $6.39 in the prior trading day, Jetblue Airways Corp (NASDAQ: JBLU) closed at $6.53, up 2.19%. In other words, the price has increased by $+0.14 from its previous closing price. On the day, 8601835 shares were traded.
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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 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:
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 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 2.22B and an Enterprise Value of 6.03B. 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 0.63 whereas that against EBITDA is 12.13.
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 5.71, while the 200-Day Moving Average is calculated to be 5.98.
Shares Statistics:
The stock has traded on average 19.00M shares per day over the past 3-months and 19.71M 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 338.15M. Insiders hold about 0.33% of the company’s shares, while institutions hold 79.74% stake in the company. Shares short for JBLU as of Jan 31, 2024 were 35.27M with a Short Ratio of 1.86, compared to 39.69M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 10.58% and a Short% of Float of 10.60%.
Earnings Estimates
Its stock is currently analyzed by 12 different market analysts. On average, analysts expect EPS of -$0.53 for the current quarter, with a high estimate of -$0.36 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 $0.13 and low estimates of -$0.25.
Analysts are recommending an EPS of between -$0.3 and -$1.4 for the fiscal current year, implying an average EPS of -$0.79. EPS for the following year is -$0.14, with 13 analysts recommending between $0.3 and -$0.65.
Revenue Estimates
11 analysts predict $2.17B in revenue for the current 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 -6.60% from the year-ago figure. For the next quarter, 11 analysts are estimating revenue of $2.5B, a decrease of -4.30% over than the figure of -$6.60% in the same quarter last year. There is a high estimate of $2.55B 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 $9.53B. In the same quarter a year ago, actual revenue was $9.62B, down -0.90% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $10.18B 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.
