Reviewing The Case For Jetblue Airways Corp (JBLU) Going Higher

Currently, there are 339.00M common shares owned by the public and among those 310.67M shares have been available to trade.

The company’s stock has a 5-day price change of 0.31% and 33.96% over the past three months. JBLU shares are trading 15.14% year to date (YTD), with the 12-month market performance up to 47.24% higher. It has a 12-month low price of $4.09 and touched a high of $8.07 over the same period. JBLU has an average intraday trading volume of 17.07 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 -1.36%, -1.49%, and 3.61% respectively.

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Institutional ownership of Jetblue Airways Corp (NASDAQ: JBLU) shares accounts for 81.83% of the company’s 339.00M shares outstanding.

It has a market capitalization of $2.20B and a beta (3y monthly) value of 1.95. The earnings-per-share (ttm) stands at -$2.52. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.58% over the week and 5.90% over the month.

Earnings per share for the fiscal year are expected to decrease by -104.68%, and 39.81% over the next financial year.

Looking at the support for the JBLU, a number of firms have released research notes about the stock. Goldman stated their Sell rating for the stock in a research note on November 15, 2024, with the firm’s price target at $5.50. BofA Securities coverage for the Jetblue Airways Corp (JBLU) stock in a research note released on September 09, 2024 offered a Neutral rating with a price target of $6. TD Cowen was of a view on September 06, 2024 that the stock is Hold, while TD Cowen gave the stock Hold rating on August 15, 2024, issuing a price target of $6- $5. TD Cowen on their part issued Hold rating on July 31, 2024.

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