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 310.63M shares have been available to trade.

The company’s stock has a 5-day price change of 13.71% and 24.36% over the past three months. JBLU shares are trading 31.53% year to date (YTD), with the 12-month market performance up to 54.33% higher. It has a 12-month low price of $3.42 and touched a high of $7.58 over the same period. JBLU has an average intraday trading volume of 16.96 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 21.90%, 30.94%, and 22.72% respectively.

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Institutional ownership of Jetblue Airways Corp (NASDAQ: JBLU) shares accounts for 79.12% of the company’s 339.00M shares outstanding.

It has a market capitalization of $2.53B and a beta (3y monthly) value of 1.91. The earnings-per-share (ttm) stands at -$2.80. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.58% over the week and 5.23% over the month.

Earnings per share for the fiscal year are expected to decrease by -92.19%, and 52.79% 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 Neutral rating for the stock in a research note on September 09, 2024, with the firm’s price target at $3-$6. TD Cowen coverage for the Jetblue Airways Corp (JBLU) stock in a research note released on September 06, 2024 offered a Hold rating with a price target of $6. TD Cowen was of a view on August 15, 2024 that the stock is Hold, while TD Cowen gave the stock Hold rating on July 31, 2024, issuing a price target of $4- $6. TD Cowen on their part issued Hold rating on July 17, 2024.

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