Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Jetblue Airways Corp’s current trading price is -41.16% away from its 52-week high, while its distance from the 52-week low is 62.57%. The stock’s price range during this period has varied between $3.42 and $9.45. The company, active in the Industrials sector, saw a trading volume of around 13.09 million for the day, considerably higher average daily volume of 12.38 million observed over the last three months.
Jetblue Airways Corp’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $9.45 on 07/05/23, and the lowest price during the same period was recorded at $3.42 on 10/31/23.
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How Financial Performance Impacts Market Capitalization
Jetblue Airways Corp (JBLU) has experienced a quarterly decline of -22.67% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.89B.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 6.26, with a change in price of +0.43. Similarly, Jetblue Airways Corp recorded 14,654,271 in trading volume during the last 100 days, posting a change of +8.38%.
How JBLU’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for JBLU stands at 2.15. Similarly, the long-term debt-to-equity ratio is also 1.98.
JBLU Stock Stochastic Average
As of today, the raw stochastic average of Jetblue Airways Corp over the past 50 days is 23.77%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 37.72%. Additionally, the Stochastic %K and %D values for the company were 35.13% and 34.73%, respectively, over the past 20 days.
JBLU Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a gain of 0.18%.However, over the last six months, we can see a weaker performance of 17.55%. Over the last 30 days, the price of JBLU has leaped by -2.28%. And in the last five days, it has fallen by -0.54%.
