Jetblue Airways Corp (NASDAQ: JBLU) on November 20, 2023, started off the session at the price of $4.15, soaring 5.01% from the previous trading day. During the day, the shares moved up to $4.44 and dropped to $4.11 before settling in for the closing price of $4.19. Within the past 52 weeks, JBLU’s price has moved between $3.42 and $9.45.
A company in the Industrials sector has jumped its sales by 21.46% annually for the last half of the decade. The company achieved an average annual earnings per share of 18.02%. With a float of $331.73 million, this company’s outstanding shares have now reached $333.29 million.
In terms of profitability, gross margin is +1.21, operating margin of -1.94, and the pretax margin is -4.77.
Jetblue Airways Corp (JBLU) Insider and Institutional Ownership
Observing investor behavior towards Airlines industry stocks is more important than anything else. The insider ownership of Jetblue Airways Corp is 0.47%, while institutional ownership is 72.24%. The most recent insider transaction that took place on Aug 18, was worth 75,432. In this transaction Principal Accounting Officer of this company sold 11,879 shares at a rate of $6.35, taking the stock ownership to the 0 shares.
Jetblue Airways Corp (JBLU) Latest Financial update
As on 9/29/2023, Multinational firm has announced its last quarter scores, in which it reported -$0.39 earnings per share (EPS) for the period falling under the consensus outlook (set at -$0.25) by -$0.14. This company achieved a net margin of -3.95 while generating a return on equity of -9.77. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.42 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 18.02% per share during the next fiscal year.
Jetblue Airways Corp (NASDAQ: JBLU) Trading Performance Indicators
Jetblue Airways Corp (JBLU) is currently performing well based on its current performance indicators. A quick ratio of 0.50 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.15.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.56, a number that is poised to hit -0.40 in the next quarter and is forecasted to reach -0.60 in one year’s time.
Technical Analysis of Jetblue Airways Corp (JBLU)
Let’s dig in a bit further. During the last 5-days, its volume was 16.64 million. That was better than the volume of 12.72 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 60.44%. Additionally, its Average True Range was 0.28.
During the past 100 days, Jetblue Airways Corp’s (JBLU) raw stochastic average was set at 16.25%, which indicates a significant decrease from 73.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 81.69% in the past 14 days, which was higher than the 53.42% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.44, while its 200-day Moving Average is $6.63. However, in the short run, Jetblue Airways Corp’s stock first resistance to watch stands at $4.52. Second resistance stands at $4.65. The third major resistance level sits at $4.85. If the price goes on to break the first support level at $4.19, it is likely to go to the next support level at $3.99. The third support level lies at $3.86 if the price breaches the second support level.
Jetblue Airways Corp (NASDAQ: JBLU) Key Stats
Market capitalization of the company is 1.47 billion based on 333,289K outstanding shares. Right now, sales total 9,158 M and income totals -362,000 K. The company made 2,353 M in profit during its latest quarter, and -153,000 K in sales during its previous quarter.