JBLU Stock Summary and Trading Ideas (Jetblue Airways | NASDAQ:JBLU)

JetBlue Airways Corp is a low-cost airline that offers high-quality service, including assigned seating and in-flight entertainment. It served approximately 100 destinations in the United States, the Caribbean and Latin America, Canada, and England. The company currently operates Airbus A321, Airbus A320, Airbus A321neo, and Embraer E190 aircraft types. The operating segments of company are Domestic & Canada, Caribbean & Latin America and Atlantic. Majority of revenue is generated from Domestic & Canada segment.

Jetblue Airways trades on the NASDAQ stock market under the symbol JBLU.

As of November 8, 2024, JBLU stock price climbed to $6.22 with 12,169,039 million shares trading.

JBLU has a beta of -0.22, meaning it tends to be less sensitive to market movements. JBLU has a correlation of 0.00 to the broad based SPY ETF.

JBLU has a market cap of $2.16 billion. This is considered a Mid Cap stock.

Last quarter Jetblue Airways reported $2 billion in Revenue and -$.16 earnings per share. This beat revenue expectation by $25 million and exceeded earnings estimates by $.09.

In the last 3 years, JBLU traded as high as $16.48 and as low as $3.42.

The top ETF exchange traded funds that JBLU belongs to (by Net Assets): IJR, VTI, IWM, VB, AVUV.

JBLU has outperformed the market in the last year with a return of +45.3%, while the SPY ETF gained +38.5%. However, in the most recent history, JBLU shares have underperformed the stock market with its stock returning +6.0% in the last 3 month period and -11.0% for the last 2 week period, while SPY has returned +15.7% and +3.3%, respectively.

JBLU support price is $5.83 and resistance is $6.27 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that JBLU shares will trade within this expected range on the day.