The price of Jetblue Airways Corp (NASDAQ:JBLU) shares last traded on Wall Street rose 0.15% to $6.80.
JBLU stock price is now 3.34% away from the 50-day moving average and 14.17% away from the 200-day moving average. The market capitalization of the company currently stands at $2.31B.
On February 20, 2024, Deutsche Bank Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $4 to quote $9, while ‘BofA Securities’ rates the stock as ‘Underperform’
In other news, Spencer Gerald Alfred, Principal Accounting Officer sold 11,879 shares of the company’s stock on Aug 18 ’23. 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. A total of 0.38% of the company’s stock is owned by insiders.
During the past 12 months, Jetblue Airways Corp has had a low of $3.42 and a high of $9.45. As of last week, the company has a debt-to-equity ratio of 1.61, a current ratio of 0.60, and a quick ratio of 0.57. The fifty day moving average price for JBLU is $6.61 and a two-hundred day moving average price translates $5.95 for the stock.
The latest earnings results from Jetblue Airways Corp (NASDAQ: JBLU) was released for Dec, 2023. According to the Airlines Company, earnings per share came in at -$0.19, beating analysts’ expectations of -$0.28 by 0.09. This compares to $0.08 EPS in the same period last year. The net profit margin was -3.23% and return on equity was -9.01% for JBLU. The company reported revenue of $2.32 billion for the quarter, compared to $2.42 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.77 percent. For the current quarter, analysts expect JBLU to generate $2.18B in revenue.
