The closing price of Jetblue Airways Corp (NASDAQ: JBLU) was $7.03 for the day, up 3.38% from the previous closing price of $6.80. In other words, the price has increased by $+0.23 from its previous closing price. On the day, 8086918 shares were traded.
Ratios:
Our analysis of JBLU’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 2.39B and an Enterprise Value of 6.20B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.25 while its Price-to-Book (P/B) ratio in mrq is 0.71. Its current Enterprise Value per Revenue stands at 0.65 whereas that against EBITDA is 12.48.
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 6.65, while the 200-Day Moving Average is calculated to be 5.94.
Shares Statistics:
JBLU traded an average of 17.09M shares per day over the past three months and 9.87M 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 Mar 15, 2024 were 37.41M with a Short Ratio of 2.19, compared to 43.23M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 11.03% and a Short% of Float of 11.05%.
Earnings Estimates
The firm’s stock currently is rated by 12 analysts. 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 $0.02, 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 -$0.75. EPS for the following year is -$0.04, with 14 analysts recommending between $0.42 and -$0.6.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 10 analysts. 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, 10 analysts are estimating revenue of $2.51B, a decrease of -3.70% 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 $2.49B.
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 $9.45B, resulting in an average revenue estimate of $9.59B. In the same quarter a year ago, actual revenue was $9.62B, down -0.30% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $10.23B 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 6.70% from the average revenue estimate for this year.
