Is Jetblue Airways Corp (JBLU) a good stock to buy now?

Jetblue Airways Corp (NASDAQ: JBLU) is 34.05% higher on its value in year-to-date trading and has touched a low of $4.49 and a high of $8.07 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 $7.29 in the last trading session, with the day’s gains setting it 0.15%.

Currently trading at $7.44, the stock is 11.58% and 12.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 23.09 million and changing 2.06% at the moment leaves the stock 20.57% off its SMA200. JBLU registered 32.38% gain for a year compared to 6-month gain of 26.10%. The firm has a 50-day simple moving average (SMA 50) of $6.634 and a 200-day simple moving average (SMA200) of $6.1705.

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The stock witnessed a 23.18% loss in the last 1 month and extending the period to 3 months gives it a 29.84%, and is 5.68% 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 6.39% over the week and 5.49% over the month.

Profit margin for the company is -9.17%. Distance from 52-week low is 65.52% and -7.81% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.76%).

with sales reaching $2.24B over the same period.The EPS is expected to shrink by -91.35% this year, but quarterly earnings will post -3.82% year-over-year. Quarterly sales are estimated to shrink -3.48% in year-over-year returns.

Jetblue Airways Corp (JBLU) Top Institutional Holders

443.0 institutions hold shares in Jetblue Airways Corp (JBLU), with institutional investors hold 94.25% of the company’s shares. The shares outstanding are 347.00M, and float is at 292.94M with Short Float at 17.71%. Institutions hold 84.33% of the Float.

The top institutional shareholder in the company is BLACKROCK INC. with over 55.28 million shares valued at $336.68 million. The investor’s holdings represent 16.2744% of the JBLU Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 35.83 million shares valued at $218.22 million to account for 10.5482 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 17.88 million shares representing 5.2629% and valued at over $108.87 million, while ICAHN CARL C holds 5.2184 of the shares totaling 17.73 million with a market value of $107.96 million.