Digging Up the Facts on JetBlue Airways Corporation (JBLU)

JetBlue Airways Corporation (JBLU) is an interesting player in the Services space, with a focus on Regional Airlines. The stock has been active on the tape, currently trading at $22.34, down from yesterday’s close by -0.89%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

JetBlue Airways Corporation (JBLU) currently trades with a market capitalization of $7.23 Billion. That value represents a market adjusting for revenues that have been growing by 4.74 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $173 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.33 on a per share basis this quarter. Perhaps, that suggests something about why 0.91% of the outstanding share supply is held by institutional investors.

Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, JetBlue Airways Corporation recorded a 52-week high of $24.13. It is now trading 1.79% off that level. The stock is trading $20.58 its 50-day moving average by -1.76%. The stock carved out a 52-week low down at $18.05.

In recent action, JetBlue Airways Corporation (JBLU) has made a move of +4.05% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 19.03, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 4.77% with $318.25 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of JBLU.

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