Jetblue Airways Corp (NASDAQ: JBLU) closed the day trading at $6.89 down -2.82% from the previous closing price of $7.09. In other words, the price has decreased by -$0.20 from its previous closing price. On the day, 8788362 shares were traded.
Ratios:
For a better understanding of JBLU, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.57 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:
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 2.41B and an Enterprise Value of 6.22B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.24 while its Price-to-Book (P/B) ratio in mrq is 0.70. Its current Enterprise Value per Revenue stands at 0.65 whereas that against EBITDA is 12.52.
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 6.51, while the 200-Day Moving Average is calculated to be 5.97.
Shares Statistics:
Over the past 3-months, JBLU traded about 17.59M shares per day on average, while over the past 10 days, JBLU traded about 9.94M shares per day. 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 2.13, 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%.
