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Saturday, June 3, 2023

Taking On Challenges And Growing? – JetBlue Airways Corporation (JBLU)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for JetBlue Airways Corporation (JBLU) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.06, or -0.85%, to $7.04. The JetBlue Airways Corporation has recorded 87,929 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that The JetBlue Ventures and Plug and Play Partnership Yields Successful Outcome In Travel & Hospitality Program.

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Stocks Info

This NASDAQ-listed company operates within the Airlines industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $7.10 and fluctuated between $7.10 as its day high and $6.86 as its day low. The current market capitalization of JetBlue Airways Corporation is $2.27B. A total of 10.2 million shares were traded on the day, compared to an average of 8.38M shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, JBLU has seen 20 BUY and 15 SELL insider trades, representing the acquisition of 202,778 and the disposition of 75,683 shares. Over the last 12 months, there were 25 BUYs and 17 SELLs from insiders. Insiders purchased 219,377 shares during that period but sold 83,610.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for JBLU in the last 3 months, the mean price target is $8.48 with high estimates of $11.00 and low estimates of $6.00. In terms of 52-week highs and lows, JBLU has a high of $11.48 and a low of $6.18.

As of this writing, JBLU has an earnings estimate of $0.38 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.44 per share and a lower estimate of $0.33. The company reported an EPS of $0.22 in the last quarter, which was 10.00% higher than expectations of $0.2.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. JBLU’s latest balance sheet shows that the firm has $2.02B in Cash & Short Term Investments as of fiscal 2021. There were $4.80B in debt and $3.42B in liabilities at the time. Its Book Value Per Share was $10.90, while its Total Shareholder’s Equity was $3.85B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 13 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for JBLU is Hold with a score of 3.00. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 10 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.

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