Market Update: Jetblue Airways Corp (JBLU) Sees Positive Movement, Closing at 5.97

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In the latest session, Jetblue Airways Corp (NASDAQ: JBLU) closed at $5.97 up 0.17% from its previous closing price of $5.96. In other words, the price has increased by $0.17 from its previous closing price. On the day, 6.1 million shares were traded. JBLU stock price reached its highest trading level at $6.1 during the session, while it also had its lowest trading level at $5.95.

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 1.18 and its Current Ratio is at 1.21. In the meantime, Its Debt-to-Equity ratio is 3.34 whereas as Long-Term Debt/Eq ratio is at 3.17.

BofA Securities Upgraded its Underperform to Neutral on September 09, 2024, whereas the target price for the stock was revised from $3 to $6.

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 2070855552 and an Enterprise Value of 6903854080. 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 0.78. Its current Enterprise Value per Revenue stands at 0.74 whereas that against EBITDA is 15.835.

Stock Price History:

Over the past 52 weeks, JBLU has reached a high of $8.07, while it has fallen to a 52-week low of $4.10. The 50-Day Moving Average of the stock is -8.53%, while the 200-Day Moving Average is calculated to be -3.09%.

Shares Statistics:

For the past three months, JBLU has traded an average of 17.55M shares per day and 16414150 over the past ten days. A total of 339.00M shares are outstanding, with a floating share count of 292.94M. Insiders hold about 15.55% of the company’s shares, while institutions hold 76.73% stake in the company. Shares short for JBLU as of 1731628800 were 44842625 with a Short Ratio of 2.56, compared to 1728950400 on 50811458. Therefore, it implies a Short% of Shares Outstanding of 44842625 and a Short% of Float of 18.540001.

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