In yesterday’s Wall Street session, Jetblue Airways Corp (NASDAQ:JBLU) shares traded at $5.18, down -3.54% from the previous session.
JBLU stock price is now -19.31% away from the 50-day moving average and -7.71% away from the 200-day moving average. The market capitalization of the company currently stands at $1.76B.
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With the price target reduced from $7 to $6, TD Cowen maintained Hold rating for Jetblue Airways Corp (NASDAQ: JBLU). On April 18, 2024, JP Morgan Upgraded its previous ‘Underweight’ rating to ‘Neutral’ on the stock keeping its target price maintained at $7, while ‘Barclays’ rates the stock as ‘Underweight’
In other news, Spencer Gerald Alfred, Principal Accounting Officer sold 11,879 shares of the company’s stock on Aug 18 ’23. The stock was sold for $75,432 at an average price of $6.35. Upon completion of the transaction, the Principal Accounting Officer now directly owns 0 shares in the company, valued at $0.0. A total of 5.73% of the company’s stock is owned by insiders.
During the past 12 months, Jetblue Airways Corp has had a low of $3.42 and a high of $9.45. As of last week, the company has a debt-to-equity ratio of 2.15, a current ratio of 0.54, and a quick ratio of 0.51. The fifty day moving average price for JBLU is $6.4194 and a two-hundred day moving average price translates $5.61285 for the stock.
The latest earnings results from Jetblue Airways Corp (NASDAQ: JBLU) was released for 2024-03-31. According to the Airlines Company, earnings per share came in at 0.45, beating analysts’ expectations of 0.44 by 0.01. This compares to -$0.59 EPS in the same period last year. The net profit margin was -8.79% and return on equity was -27.81% for JBLU. The company reported revenue of $2.21 billion for the quarter, compared to $2.33 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.11 percent. For the current quarter, analysts expect JBLU to generate $2.39B in revenue.
Jetblue Airways Corp(JBLU) Company Profile
JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe. The company was incorporated in 1998 and is based in Long Island City, New York.
