JetBlue Airways Corporation (NASDAQ:JBLU) has a mean price target of $22.70 by market experts. Market leading group First Call has reached this recommendation by considering recommendations of top analysts in the industry. These experts have specified earnings of $0.47 a share for the very next quarter and $2.18 for this year.
The technical study of JetBlue Airways Corporation demonstrates that the 50-day moving average of JetBlue Airways Corporation (NASDAQ:JBLU) stock is $16.82, and is trading $0.33 points away or +1.97% from 50-day moving average of $16.82. It is trading $-1.24 or -6.75% away 200-day moving average of $18.39.
The 52-week high of JetBlue Airways Corporation (NASDAQ:JBLU) was $27.36 while $14.76 is the low mark in the same period. It state JetBlue Airways Corporation share price has to surge more than $-10.21 to hit 52-week high or drop +16.19% to make a 52-week mark. MA here hints at moving average.
Taking the valuation part to reach the estimation of JetBlue Airways Corporation, investors apply price-to-earnings ratio, which is shortened as P/E ratio. It weighs equity price by the relative expense of the equity. JetBlue Airways Corporation (NASDAQ:JBLU) ratio came in at 7.62, after dividing current equity price by yearly earnings. JetBlue Airways Corporation stock recorded a close of $17.15 in last trading session, registering a market cap of $5.55B.
The price-earnings ratio can be seen as a means of regulating the value of per dollar of earnings through the stock market. In concept, by taking the average of P/E over a period of numerous years, one could frame something of a uniform P/E ratio, which can then be understood as a benchmark and utilized to indicate whether or not a share is worth buying.
Investors estimate the Price-to-Earnings-Growth ratio to catch up with a clear view on the firm valuation. For stocks with higher PEG ratio, they are considered as sell option. The undervalued equity displays PEG ratio of 0 or 1. On contrary, the fairly valued equity has ratio of 1 and 2. JetBlue Airways Corporation (NASDAQ:JBLU) PEG ratio is at 2.38.
1 Chart Pattern Every Investor Should Know
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