Jetblue Airways Corp (NASDAQ: JBLU) – Suitable For Long Term Buy?

Currently, there are 347.00M common shares owned by the public and among those 292.94M shares have been available to trade.

The company’s stock has a 5-day price change of 6.83% and 21.59% over the past three months. JBLU shares are trading 26.85% year to date (YTD), with the 12-month market performance up to 25.49% higher. It has a 12-month low price of $4.49 and touched a high of $8.07 over the same period. JBLU has an average intraday trading volume of 18.31 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 9.25%, 6.35%, and 14.22% respectively.

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Institutional ownership of Jetblue Airways Corp (NASDAQ: JBLU) shares accounts for 76.76% of the company’s 347.00M shares outstanding.

It has a market capitalization of $2.37B and a beta (3y monthly) value of 1.91. 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 6.50% over the week and 5.65% over the month.

Earnings per share for the fiscal year are expected to decrease by -92.56%, and 33.48% over the next financial year.

Looking at the support for the JBLU, a number of firms have released research notes about the stock. Morgan Stanley stated their Equal-Weight rating for the stock in a research note on December 11, 2024, with the firm’s price target at $8. UBS coverage for the Jetblue Airways Corp (JBLU) stock in a research note released on November 26, 2024 offered a Sell rating with a price target of $5. Goldman was of a view on November 15, 2024 that the stock is Sell, while BofA Securities gave the stock Neutral rating on September 09, 2024, issuing a price target of $3- $6. TD Cowen on their part issued Hold rating on September 06, 2024.

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