Jetblue Airways Corp (NASDAQ: JBLU) Has Another Chance To Impress You

Currently, there are 333.29M common shares owned by the public and among those 332.09M shares have been available to trade.

Insiders at the company have transacted a total of 50 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 30 of these insider trades were purchases, accounting for 261,955 shares. Insider sales of the common stock occurred on 20 occasions, with total insider shares sold totaling 116,335 shares.

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The company’s stock has a 5-day price change of 3.80% and 55.56% over the past three months. JBLU shares are trading 3.42% year to date (YTD), with the 12-month market performance down to -30.42% lower. It has a 12-month low price of $3.42 and touched a high of $9.45 over the same period. JBLU has an average intraday trading volume of 17.97 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.78%, 11.22%, and -4.73% respectively.

Institutional ownership of Jetblue Airways Corp (NASDAQ: JBLU) shares accounts for 73.34% of the company’s 333.29M shares outstanding.

It has a market capitalization of $1.91B and a beta (3y monthly) value of 1.81. The earnings-per-share (ttm) stands at -$0.94. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.22% over the week and 6.89% over the month.

Analysts forecast that Jetblue Airways Corp (JBLU) will achieve an EPS of -$0.5 for the current quarter, $0.02 for the next quarter and -$0.1 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.63 while analysts give the company a high EPS estimate of -$0.36. Comparatively, EPS for the current quarter was -$0.34 a year ago. Earnings per share for the fiscal year are expected to decrease by -41.11%, and 84.98% over the next financial year.

Looking at the support for the JBLU, a number of firms have released research notes about the stock. BofA Securities stated their Underperform rating for the stock in a research note on January 09, 2024, with the firm’s price target at $6-$3.

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