In yesterday’s Wall Street session, Jetblue Airways Corp (NASDAQ:JBLU) shares traded at $5.45, down -1.27% from the previous session.
JBLU stock price is now -9.60% away from the 50-day moving average and -2.04% away from the 200-day moving average. The market capitalization of the company currently stands at $1.85B.
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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 5.72% 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 $6.0022 and a two-hundred day moving average price translates $5.5605 for the stock.
The latest earnings results from Jetblue Airways Corp (NASDAQ: JBLU) was released for 2024-03-31. 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.
