Morgan Stanley has recently resumed JetBlue Airways Corporation (JBLU) stock rating, as announced on December 11, 2024, according to Finviz. Earlier, on November 26, 2024, UBS had resumed the stock to Sell, setting a price target of $5. Goldman also resumed Sell rating with a price target of $5.50. Additionally, BofA Securities raised Neutral rating on September 9, 2024, with a target price of $6. TD Cowen analysts, in their report published on September 6, 2024, also reiterated Hold rating and set a price target of $5 for JetBlue Airways Corporation’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
JetBlue Airways Corporation (JBLU) Stock Trading Recap
On Tuesday, JetBlue Airways Corporation (JBLU) stock saw a modest uptick, ending the day at $7.69 which represents a slight increase of $0.16 or 2.12% from the prior close of $7.53. The stock opened at $7.65 and touched a low of $7.59 during the day, reaching a high of $7.85. The volume of shares traded was 14.11 million falling short of the average volume of 17.94 million.
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JBLU Stock Performance and Moving Averages
In recent trading, JetBlue Airways Corporation (JBLU) stock price has shown some volatility, fluctuating 0.00% over the last five trades and 2.12% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 23.43%, and it has gained 14.43% in the previous three months. Currently, JBLU is trading at 1.96%, 12.74%, and 23.82% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, JBLU, a Industrials sector stock, is trading -7.13% below its 52-week high but remains 71.08% above its 52-week low. The Average True Range (ATR) (14 days) of 0.39 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
JetBlue Airways Corporation’s Profitability and Valuation Ratios
JetBlue Airways Corporation’s profitability metrics reveal financial health. The company currently boasts an operating margin of -1.54% and a profit margin of -9.17%, with a gross margin of 23.43%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, JetBlue Airways Corporation’s market capitalization stands at $2.67 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Sales Ratio is 0.29, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.01, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 15.55% of JetBlue Airways Corporation (JBLU)’s shares, while financial institutions hold 76.79%.
