Jetblue Airways Corp (NASDAQ: JBLU) is -2.16% lower on its value in year-to-date trading and has touched a low of $4.49 and a high of $8.28 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The JBLU stock was last observed hovering at around $7.51 in the last trading session, with the day’s gains setting it 0.18%.
Currently trading at $7.69, the stock is 4.07% and 14.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 16.26 million and changing 2.40% at the moment leaves the stock 23.98% off its SMA200. JBLU registered 44.55% gain for a year compared to 6-month gain of 31.01%. The firm has a 50-day simple moving average (SMA 50) of $6.7142 and a 200-day simple moving average (SMA200) of $6.20025.
The stock witnessed a 17.23% loss in the last 1 month and extending the period to 3 months gives it a 5.34%, and is -1.41% down 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 5.50% over the week and 5.63% over the month.
Profit margin for the company is -9.17%. Distance from 52-week low is 71.08% and -7.13% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.76%).
The EPS is expected to shrink by -89.40% this year.
Jetblue Airways Corp (JBLU) Top Institutional Holders
440.0 institutions hold shares in Jetblue Airways Corp (JBLU), with institutional investors hold 94.35% of the company’s shares. The shares outstanding are 347.00M, and float is at 292.94M with Short Float at 17.63%. Institutions hold 84.42% 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.
Jetblue Airways Corp (JBLU) Insider Activity
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