The stock of Jetblue Airways Corp (NASDAQ:JBLU) last traded at $4.53, down -3.62% from the previous session.
Data from the available sources indicates that Jetblue Airways Corp (NASDAQ:JBLU) is covered by 14 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $7.00 and a low of $4.00, we find $5.75. Given the previous closing price of $4.70, this indicates a potential upside of 22.34 percent. JBLU stock price is now -20.48% away from the 50-day moving average and -36.61% away from the 200-day moving average. The market capitalization of the company currently stands at $1.51B.
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In total, 10 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $5.66 as their price target over the next twelve months.
In other news, Spencer Gerald Alfred, Principal Accounting Officer sold 11,879 shares of the company’s stock on Aug 18. The stock was sold for $75,432 at an average price of $6.35. Upon completion of the transaction, the Principal Accounting Officer now directly owns 0 shares in the company, valued at $0.0. Insiders disposed of 99,314 shares of company stock worth roughly $0.45 million over the past 1 year. A total of 18.71% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in JBLU stock. A new stake in Jetblue Airways Corp shares was purchased by ALLIANZ ASSET MANAGEMENT GMBH during the first quarter worth $2,471,000. JADE CAPITAL ADVISORS, LLC invested $1,586,000 in shares of JBLU during the first quarter. In the first quarter, ALASKA PERMANENT FUND CORP acquired a new stake in Jetblue Airways Corp valued at approximately $1,414,000. POINT72 MIDDLE EAST FZE acquired a new stake in JBLU for approximately $1,318,000. PORTOLAN CAPITAL MANAGEMENT, LLC purchased a new stake in JBLU valued at around $1,310,000 in the second quarter. In total, there are 454 active investors with 75.71% ownership of the company’s stock.
With an opening price of $4.5800 on Monday morning, Jetblue Airways Corp (NASDAQ: JBLU) set off the trading day. During the past 12 months, Jetblue Airways Corp has had a low of $4.34 and a high of $9.45. As of last week, the company has a debt-to-equity ratio of 1.25, a current ratio of 0.57, and a quick ratio of 0.55. The fifty day moving average price for JBLU is $5.6304 and a two-hundred day moving average price translates $7.1357 for the stock.
The latest earnings results from Jetblue Airways Corp (NASDAQ: JBLU) was released for Jun, 2023. According to the Airlines Company, earnings per share came in at $0.45, beating analysts’ expectations of $0.44 by 0.01. This compares to -$0.58 EPS in the same period last year. The net profit margin was 0.27% and return on equity was 0.77% for JBLU. The company reported revenue of $2.61 billion for the quarter, compared to $2.44 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.75 percent. For the current quarter, analysts expect JBLU to generate $2.39B in revenue.
Jetblue Airways Corp(JBLU) Company Profile
JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2022, the company operated a fleet of 63 Airbus A321 aircraft, 14 Airbus A220 aircraft, 23 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 100 destinations in the 32 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S. Virgin Islands, and 24 countries in the Caribbean and Latin America. JetBlue Airways Corporation has a strategic partnership with American Airlines Group Inc. to create connectivity for travelers in the Northeast. The company was incorporated in 1998 and is based in Long Island City, New York.
