JetBlue Airways Corporation (NASDAQ:JBLU) has a beta of 1.39, a 12-month trailing P/E ratio of 11.53,. The stock’s Relative Strength Index (RSI) is 51.19, with weekly volatility at 5.85% and ATR at 0.68. The JBLU stock’s 52-week price range has touched low of $6.61 and a $21.65 high. Its shares traded lower over the last trading session, losing -2.71% on 05/21/20. The shares fell to a low of $9.2036 before closing at $9.16. Intraday shares traded counted 5.34 million, which was 65.42% higher than its 30-day average trading volume of 15.44M. JBLU’s previous close was $9.42 while the outstanding shares total 277.20M.
Investors have identified the Airlines company JetBlue Airways Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $2.54 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
JetBlue Airways Corporation (JBLU) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For JBLU, the company has in raw cash 1.62 billion on their books with 417.0 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 2194000000 million total, with 3622000000 million as their total liabilities.
JBLU were able to record -243.0 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by 659.0 million. In cash movements, the company had a total of 124.0 million as operating cash flow.
Potential earnings growth for JetBlue Airways Corporation (JBLU)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, JetBlue Airways Corporation recorded a total of 1.59 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -17.82% coming in sequential stages and their sales for the third quarter reducing by -27.96%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 658.0 million trying to sell their products during the last quarter, with the result yielding a gross income of 930.0 million. This allows shareholders to hold on to 277.20M with the revenue now reading -0.97 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (-0.41 cents a share).
Having a look at the company’s valuation, the company is expected to record 1.90 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on JBLU sounds very interesting.
Is the stock of JBLU attractive?
In related news, Director, McClure Teri P bought 500 shares of the company’s stock in a transaction that recorded on Apr 23. The purchase was performed at an average price of 8.37, for a total value of 4,185. As the purchase deal closes, the President COO, Geraghty Joanna now sold 2,531 shares of the company’s stock, valued at 37,965. Also, President COO, Geraghty Joanna sold 12,655 shares of the company’s stock in a deal that was recorded on Mar 02. The shares were cost at an average price of 14.98 per share, with a total market value of 189,572. Following this completion of disposal, the CEO, Hayes Robin now holds 2,500 shares of the company’s stock, valued at 49,750. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.40%.
3 out of 15 analysts covering the stock have rated it a Buy, while 10 have maintained a Hold recommendation on JetBlue Airways Corporation. 1 analysts has assigned a Sell rating on the JBLU stock. The 12-month mean consensus price target for the company’s shares has been set at $12.50.