While Jetblue Airways Corp has underperformed by -0.31%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, JBLU fell by -22.73%, with highs and lows ranging from $9.45 to $3.42, whereas the simple moving average jumped by 6.77% in the last 200 days.
On February 20, 2024, Deutsche Bank Upgraded Jetblue Airways Corp (NASDAQ: JBLU) to Buy. A report published by BofA Securities on January 09, 2024, Downgraded its rating to ‘Underperform’ for JBLU. Exane BNP Paribas also Downgraded JBLU shares as ‘Underperform’, setting a target price of $3 on the company’s shares in a report dated November 10, 2023. Evercore ISI July 11, 2023d its ‘In-line’ rating to ‘Underperform’ for JBLU, as published in its report on July 11, 2023. Cowen’s report from December 15, 2022 suggests a price prediction of $9 for JBLU shares, giving the stock a ‘Market Perform’ rating. Citigroup also rated the stock as ‘Neutral’.
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Analysis of Jetblue Airways Corp (JBLU)
Further, the quarter-over-quarter decrease in sales is -3.73%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Jetblue Airways Corp’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -9.01% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.57, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 18.93M can be a very valuable indicator of volatility for JBLU stock. On a monthly basis, the volatility of the stock is set at 5.55%, whereas on a weekly basis, it is put at 3.83%, with a loss of -8.19% over the past seven days. Furthermore, long-term investors anticipate a median target price of $5.52, showing decline from the present price of $6.39, which can serve as yet another indication of whether JBLU is worth investing in or should be passed over.
How Do You Analyze Jetblue Airways Corp Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.33%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 79.84% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
JBLU shares are owned by institutional investors to the tune of 79.84% at present.
