Recent extremely meaningful negative changes in investment behavior have impacted JetBlue Airways Corp (NASDAQ: JBLU): the stock’s recent price decline challenged its longer term uptrend, and its shorter term price trend turned down.
JetBlue Airways Corp (NASDAQ: JBLU) has recently experienced important negative changes in fundamentals: significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
JBLU’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
JetBlue Airways has a current Value Trend Rating of A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. JetBlue Airways has a slightly positive Power Rating of 68 and a very high Appreciation Score of 88, producing the Highest Value Trend Rating.
Recent Price Action
On 4/30/24, JetBlue Airways Corp (NASDAQ: JBLU) stock declined by -3.7%, closing at $5.68. However, below average trading volume at 75% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -24.4% during the last week.
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