Jetblue Airways Corp (JBLU) Stock Volatility: Beta and Market Fluctuations

As of close of business last night, Jetblue Airways Corp’s stock clocked out at $7.41, up 1.09% from its previous closing price of $7.33. In other words, the price has increased by $+0.08 from its previous closing price. On the day, 8170233 shares were traded. JBLU stock price reached its highest trading level at $7.45 during the session, while it also had its lowest trading level at $7.24.

Ratios:

To gain a deeper understanding of JBLU’s stock, we examine 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.

On February 20, 2024, Deutsche Bank Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $4 to $9.

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

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 2.51B and an Enterprise Value of 6.33B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.26 while its Price-to-Book (P/B) ratio in mrq is 0.75. Its current Enterprise Value per Revenue stands at 0.66 whereas that against EBITDA is 12.73.

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 6.38, while the 200-Day Moving Average is calculated to be 5.98.

Shares Statistics:

It appears that JBLU traded 17.70M shares on average per day over the past three months and 11.53M shares per day 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 79.87% stake in the company. Shares short for JBLU as of Feb 29, 2024 were 40.82M with a Short Ratio of 2.11, 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

As of right now, 12 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.52 for the current quarter, with a high estimate of -$0.4 and a low estimate of -$0.6, 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 -$0.19.

Analysts are recommending an EPS of between -$0.31 and -$1.25 for the fiscal current year, implying an average EPS of -$0.77. EPS for the following year is -$0.07, with 14 analysts recommending between $0.42 and -$0.6.

Revenue Estimates

In the current quarter, 11 analysts expect revenue to total $2.18B. 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 -6.20% 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 -$6.20% 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 13 analysts have provided revenue estimates for JBLU’s current fiscal year. The highest revenue estimate was $9.71B, while the lowest revenue estimate was $9.28B, resulting in an average revenue estimate of $9.54B. In the same quarter a year ago, actual revenue was $9.62B, down -0.70% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $10.22B 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 7.00% from the average revenue estimate for this year.

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