JetBlue Airways Corporation (JBLU) Insiders Buying At Fast Rate

The surge in insider buying at JetBlue Airways Corporation (NASDAQ:JBLU) is picking up steam with the current sell/buy ratio now at 0.8. JBLU recorded 3 sales on the open market in the last three months. They sold nearly 3,434 shares while purchases amounted to 4,278 shares that period. Looking even further back to 12 months, corporate insiders offloaded 127,560 shares when buyers snapped up 104,464 shares. The 12-month’s totals signify about a 1.22-to-1 sell/buy ratio.

Hayes Robin parted with a total of 2.5 thousand shares of JetBlue Airways Corporation (JBLU) at average share price of $17.7. This insider trade in the company took place on 12/13/2018. The total for the sales was set at $44.25 thousand. After this transaction, the CEO account balance stood at 434.16 thousand shares. The stock lost -4.8 percent since that insider sale. On 09/13/2018, Hnat James G, EVP & General Counsel, sold 6 thousand shares at a price per share of $19.3. This removed 115.8 thousand shares from the insider’s fortune and the stock saw a -12.69 percent retreat in value since the news became public. This transaction left 3.44 thousand shares in the EVP & General Counsel account.

On 09/04/2018, CEO Hayes Robin performed a sale transaction worth $38.24 thousand. This sale at $19.12 each has eliminated 2 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -11.87 percent decrease since the transaction was reported. The insider now is left with 436.8 thousand shares remaining in the account. Hayes Robin, who performs the CEO job, sold 2 thousand shares for $35.94 thousand. The disposal occurred on 08/01/2018 was priced at $17.97 per share. The share price plunged -6.23 percent since the reporting date. Hayes Robin now left with a stake of 438.8 thousand JBLU stock worth $7.56 million after the insider selling.

The 12-month median price target for JetBlue Airways Corporation (JBLU) assigned by the analysts stands at $20, which represents a return potential of 16.08 percent when compared to the closing price of the stock of $17.23 on Wednesday, January 09. The lowest price target for the stock is $16 — slightly more than -7.14 percent from JBLU’s current share price. The stock will probably climb 21.13 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $27price as 12-month high target. This represents a whopping 56.7 percent increase from where shares are trading today.

On momentum oscillators front, ‘RSI’ has touched 54.47 on daily chart, which may remain a cause for concern. If the price breaks below $16.57 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $17.43 mark may result into a pull-back move towards $17.63 level. The stock is currently hovering around the first support level of $16.9. Below this, the next support is placed in the zone of $16.57. Till the time, the JBLU stock trades above this level, bulls have nothing to fear.

Shares of JetBlue Airways Corporation (JBLU) are trading at a P/E ratio of 9.83 times earnings reported for the past 12 months. The industry JBLU operates in has an average P/E of 13.56. Its P/E ratio went as low as 10.08X and as high as 16.57 over the 5-year span. Further, it is sporting a 0.71 on the Price-to-Sales ratio. Compare this with the industry average P/S of 1. 68.9 percent is the gross profit margin for JetBlue Airways Corporation and operating margin sits at 3.4 percent. Along with this, the net profit margin is 9.3 percent.

On 9th of January, JetBlue Airways Corporation (NASDAQ:JBLU) shares ended higher after a volatile session. The shares accumulated 0.38 points or 2.26 percent at $17.23 with a light trade volume of 4.02 million shares. After opening the session at $16.84, the shares went as high as $17.3 and as low as $16.77, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $5.32 billion and now has 308.7 million shares outstanding. JetBlue Airways Corporation (JBLU) stock has lost -3.69 percent of market value in 21 trading days.

In last reported earnings results, JBLU earned $0.43 per share, better than the $0.42, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $2.01B, in line with the $2.01B analysts expected. Earnings are estimated to increase by -21.5 percent this year, 23.24 percent next year and continue to increase by 5.07 percent annually for the next 5 years. Investors will get their next glimpse of JBLU’s Q4 earnings on January 30. Analysts are forecasting revenue to climb 11.8 percent to $1.96B in the next fiscal quarter, while earnings are seen soaring by nearly -80.29 percent to $0.41 per share. History has shown that shares in JetBlue Airways Corporation have gone down on 23 different earnings reaction days and are predicted to add 0.03 percent when the company reports upcoming earnings.

JBLU stock has a trailing 3-year beta of 0.86, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $0.37 a share in the trailing twelve months. The stock’s value has surged 7.29 percent year to date (YTD) against a decline of -19.03 percent in 12 month’s time. The company’s shares still trade -25.33 percent away from its 1-year high of $23.08 and 13.43 percent up from 52-week low of $15.19. The average consensus rating on the company is 2.9, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.