Jetblue Airways Corp (NASDAQ: JBLU) is -23.54% lower on its value in year-to-date trading and has touched a low of $4.49 and a high of $8.31 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 $8.09 in the last trading session, with the day’s loss setting it -2.08%.
Currently trading at $6.01, the stock is -21.57% and -15.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 124.57 million and changing -25.71% at the moment leaves the stock -3.70% off its SMA200. JBLU registered 12.55% gain for a year compared to 6-month gain of -3.22%. The firm has a 50-day simple moving average (SMA 50) of $7.1124 and a 200-day simple moving average (SMA200) of $6.241.
The stock witnessed a -23.44% loss in the last 1 month and extending the period to 3 months gives it a -14.02%, and is -24.50% 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 7.86% over the week and 5.71% over the month.
Profit margin for the company is -8.57%. Distance from 52-week low is 33.70% and -27.68% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.11%).
with sales reaching $2.18B over the same period.The EPS is expected to grow by 18.65% this year, but quarterly earnings will post 5.23% year-over-year. Quarterly sales are estimated to shrink -1.09% in year-over-year returns.
Jetblue Airways Corp (JBLU) Top Institutional Holders
435.0 institutions hold shares in Jetblue Airways Corp (JBLU), with institutional investors hold 94.62% of the company’s shares. The shares outstanding are 346.88M, and float is at 292.94M with Short Float at 20.55%. Institutions hold 84.66% 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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