JetBlue Airways (NASDAQ: JBLU) Corp.’s shares saw a slight decline on Monday, ending a two-day rise during a mixed trading session. The airline’s stock dipped by 0.45% to close at $4.46, marking a deviation from the recent uptrend. The broader market showed mixed results on the same day, with NASDAQ advancing by 0.27%, while the Dow Jones Industrial Average fell by 0.58%. JetBlue’s stock ended the trading session $4.99 short of its annual high of $9.45, which was attained on July 5th.
In comparison to its competitors such as Southwest Airlines (NYSE: LUV), Delta Air Lines (NYSE: DAL), and United Airlines Holdings (NASDAQ: UAL), JetBlue exhibited a mixed performance. The stock’s trading volume for the day was 15.3 million shares, which is below its 50-day average of 16.5 million shares.
This data was compiled by Automated Insights, an automation technology provider that utilizes Dow Jones and FactSet information under market data terms of use.
From the InvestingPro data, JetBlue’s market cap sits at $1490M USD, with a P/E ratio of 54.88. The company’s revenue for LTM2023.Q2 was reported at $9914M USD, showing a growth of 24.14% – a significant increase but it’s worth noting that revenue growth has been slowing down recently, as pointed out by an InvestingPro Tip. The stock has taken a significant hit over the last six months, with a 6-month price total return of -34.6%. According to InvestingPro, the fair value of the stock is $5.85 USD, suggesting potential for growth.
InvestingPro Tips also highlights some challenges for JetBlue. The company operates with a significant debt burden and is quickly burning through cash. There’s also a concern that short-term obligations exceed liquid assets. Moreover, 10 analysts have revised their earnings downwards for the upcoming period, and the stock price movements are quite volatile.
However, there are also some positive aspects. JetBlue is trading at a low Price / Book multiple and a low P/E ratio relative to near-term earnings growth. The company has been profitable over the last twelve months, which is an encouraging sign for potential investors.
