Is Jetblue Airways Corp (NASDAQ: JBLU) Back In The Buying Zone?

Currently, there are 339.00M common shares owned by the public and among those 337.99M shares have been available to trade.

The company’s stock has a 5-day price change of -0.74% and 30.31% over the past three months. JBLU shares are trading 21.62% year to date (YTD), with the 12-month market performance down to -2.88% 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 16.45 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 -4.39%, 0.16%, and 13.88% respectively.

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Institutional ownership of Jetblue Airways Corp (NASDAQ: JBLU) shares accounts for 79.76% of the company’s 339.00M shares outstanding.

It has a market capitalization of $2.29B and a beta (3y monthly) value of 1.85. 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 4.01% over the week and 4.29% over the month.

Analysts forecast that Jetblue Airways Corp (JBLU) will achieve an EPS of $Jabil Inc. for the current quarter, $134.07 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $EBLU while analysts give the company a high EPS estimate of $EA Series Trust EA Bridgeway Bl. Comparatively, EPS for the current quarter was $MORRIS ST BANCSHARES INC a year ago. Earnings per share for the fiscal year are expected to decrease by -61.25%, and 94.50% over the next financial year.

Looking at the support for the JBLU, a number of firms have released research notes about the stock. Barclays stated their Underweight rating for the stock in a research note on March 27, 2024, with the firm’s price target at $6. Deutsche Bank coverage for the Jetblue Airways Corp (JBLU) stock in a research note released on February 20, 2024 offered a Buy rating with a price target of $9. BofA Securities was of a view on January 09, 2024 that the stock is Underperform, while Exane BNP Paribas gave the stock Underperform rating on November 10, 2023, issuing a price target of $3. Evercore ISI on their part issued In-line rating on August 28, 2023.

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