Taking on analysts’ expectations and winning: Jetblue Airways Corp (JBLU)

Jetblue Airways Corp (NASDAQ: JBLU) stock fell -3.46% on Friday to $4.19 against a previous-day closing price of $4.34. With 23.48 million shares changed hands, the volume of the stock remained heavier than its average volume of 16.79 million shares. During the session, the Airlines company that operates in wider Industrials sector, reached to the highest price of $4.4100 whereas the lowest price it dropped to was $4.0850. The 52-week range on JBLU shows that it touched its highest point at $9.45 and its lowest point at $3.42 during that stretch. It currently has a 1-year price target of $4.47. Beta for the stock currently stands at 1.75.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of JBLU was up-trending over the past week, with a rise of 8.27%, but this was down by -4.88% over a month. Three-month performance dropped to -33.60% while six-month performance fell -40.90%. The stock lost -47.10% in the past year, while it has lost -35.34% so far this year. A look at the trailing 12-month EPS for JBLU yields -0.56 with Next year EPS estimates of -0.60. For the next quarter, that number is -0.40. This implies an EPS growth rate of 18.02% for this year and 8.86% for next year.

Float and Shares Shorts:

At present, 333.29 million JBLU shares are outstanding with a float of 331.73 million shares on hand for trading. On Oct 30, 2023, short shares totaled 39.38 million, which was 11.81% higher than short shares on Sep 28, 2023. In addition to Mr. Robin N. Hayes as the firm’s CEO & Director, Ms. Joanna L. Geraghty serves as its President & COO.

Institutional Ownership:

Through their ownership of 74.06% of JBLU’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 48.26% of JBLU, in contrast to 24.29% held by mutual funds. Shares owned by individuals account for 16.34%. As the largest shareholder in JBLU with 15.56% of the stake, BlackRock Fund Advisors holds 51,839,236 shares worth 51,839,236. A second-largest stockholder of JBLU, The Vanguard Group, Inc., holds 36,257,046 shares, controlling over 10.88% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in JBLU, holding 13,397,424 shares or 4.02% stake. With a 6.73% stake in JBLU, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 22,419,855 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.11% of JBLU stock, is the second-largest Mutual Fund holder. It holds 10,375,658 shares valued at 39.01 million. US Global Jets ETF holds 2.67% of the stake in JBLU, owning 8,906,889 shares worth 33.49 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for JBLU since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With JBLU analysts setting a high price target of $6.00 and a low target of $3.00, the average target price over the next 12 months is $4.48. Based on these targets, JBLU could surge 43.2% to reach the target high and fall by -28.4% to reach the target low. Reaching the average price target will result in a growth of 6.92% from current levels.

Summary of Insider Activity:

Insiders traded JBLU stock several times over the past three months with 2 Buys and 0 Sells. In these transactions, 2,106 shares were bought while 0 shares were sold. The number of buy transactions has increased to 28 while that of sell transactions has risen to 18 over the past year. The total number of shares bought during that period was 241,041 while 95,421 shares were sold.