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Jetblue Airways Corp (JBLU) Analysis & Forecast for 2024

Jetblue Airways Corp (NASDAQ: JBLU) is 27.75% higher on its value in year-to-date trading and has touched a low of $3.42 and a high of $9.45 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The JBLU stock was last observed hovering at around $7.42 in the last trading session, with the day’s loss setting it -0.33%.

Currently trading at $7.09, the stock is -0.03% and 10.24% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.37 million and changing -4.45% at the moment leaves the stock 18.61% off its SMA200. JBLU registered -0.14% loss for a year compared to 6-month gain of 55.48%. The firm has a 50-day simple moving average (SMA 50) of $0.65 and a 200-day simple moving average (SMA200) of $12.52.

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The stock witnessed a 9.41% loss in the last 1 month and extending the period to 3 months gives it a 22.66%, and is 0.14% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.26% over the week and 4.79% over the month.

Profit margin for the company is -3.23%. Distance from 52-week low is 107.31% and -24.97% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.75%).

Jetblue Airways Corp quarterly earnings per share for the current quarter are estimated at -$0.52 with sales reaching $2.18B over the same period.The EPS is expected to shrink by -66.81% this year, but quarterly earnings will post -0.50% year-over-year. Quarterly sales are estimated to shrink -6.20% in year-over-year returns.

Jetblue Airways Corp (JBLU) Top Institutional Holders

428 institutions hold shares in Jetblue Airways Corp (JBLU), with institutional investors hold 82.19% of the company’s shares. The shares outstanding are 339.00M, and float is at 337.99M with Short Float at 11.07%. Institutions hold 81.87% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 38.34 million shares valued at $339.69 million. The investor’s holdings represent 11.50% of the JBLU Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 33.61 million shares valued at $297.75 million to account for 10.08% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 15.99 million shares representing 4.80% and valued at over $141.71 million, while State Street Corporation holds 3.33% of the shares totaling 11.1 million with a market value of $98.33 million.

Jetblue Airways Corp (JBLU) Insider Activity

The most recent transaction is an insider sale by Spencer Gerald Alfred,the company’sPrincipal Accounting Officer. SEC filings show that Spencer Gerald Alfred sold 11,879 shares of the company’s common stock on Aug 18 ’23 at a price of $6.35 per share for a total of $75432.0. Following the sale, the insider now owns 0.0 shares.

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