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 April 19, 2024, JBLU stock price was flat at $7.11 with 8,362,159 million shares trading.

JBLU has a beta of 1.15, meaning it tends to be more sensitive to market movements. JBLU has a correlation of 0.07 to the broad based SPY ETF.

JBLU has a market cap of $2.41 billion. This is considered a Mid Cap stock.

Last quarter Jetblue Airways reported $2 billion in Revenue and -$.19 earnings per share. This beat revenue expectation by $45 million and exceeded earnings estimates by $.09.

In the last 3 years, JBLU stock traded as high as $20.89 and as low as $3.42.

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

JBLU stock has underperformed the market in the last year with a return of +1.6%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in JBLU shares. However, JBLU has outperformed the market in the last 3 month and 2 week periods, returning +42.5% and +4.6%, while SPY returned +3.0% and -4.5%, respectively. This indicates JBLU has been having a stronger performance recently.

JBLU support price is $6.90 and resistance is $7.32 (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 stock will trade within this expected range on the day.