JetBlue Stock Looks Unlikely To Bounce Soon After 17% Fall Last Month

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JetBlue Airways Corporation stock (NASDAQ: JBLU) is down 17% up to now month, strongly underperforming the S&P 500 which was down 8.9% over this era. If you have a look at the change during the last one week and ten days, too, the stock has returned -6.3% and -18%, performing a lot worse than the broader markets on each events. JetBlue’s most up-to-date Q2 ’22 earnings report, noticed income rising from $1.5 billion in Q2 ’21 to $2.45 billion in Q2 ’22, pushed primarily by a $1 billion rise in gross sales from the passenger section. Rising gasoline bills noticed working prices almost triple over this era, and the corporate reported an working lack of $113 million, down strongly from an working revenue of $147 million for Q2 ’21. Combined with an increase within the efficient tax charge, the corporate’s internet earnings dropped, and EPS got here in a lot decrease at -$0.58, in comparison with $0.20 in Q2 ’21.

Now, is JetBlue stock set to proceed its underperformance or may we anticipate a bounce again? We consider that there’s a weak 41% likelihood of an increase in JBLU stock over the subsequent month (21 buying and selling days) primarily based on our machine studying analysis of tendencies within the stock value during the last ten years. See our analysis on JBLU Stock Chance of Rise. For extra particulars in regards to the firm’s historic returns and comparability to friends, see JetBlue Airways (JBLU) Stock Return


Twenty-One Day: JBLU -17%, vs. S&P500 -8.9%; Underperformed market

(3% probability occasion; 41% likelihood of rise over subsequent 21 days)

  • JBLU stock misplaced 17% during the last twenty-one buying and selling days (one month), in comparison with a broader market (S&P500) drop of 8.9%
  • A change of -17% or extra over twenty-one buying and selling days is a 3% probability occasion, which has occurred 87 instances out of 2514 within the final 10 years
  • Of these 87 cases, the stock has seen a optimistic motion over the subsequent twenty-one buying and selling days on 36 events
  • This factors to a 41% likelihood for the stock rising over the subsequent twenty-one buying and selling days

Ten Day: JBLU -18%, vs. S&P500 -7%; Underperformed market

(2% probability occasion; 41% likelihood of rise over subsequent 10 days)

  • JBLU stock misplaced 18% during the last ten buying and selling days (two weeks), in comparison with a broader market (S&P500) drop of seven%
  • A change of -18% or extra over ten buying and selling days is a 2% probability occasion, which has occurred 39 instances out of 2515 within the final 10 years
  • Of these 39 cases, the stock has seen a optimistic motion over the subsequent ten buying and selling days on 16 events
  • This factors to a 41% likelihood for the stock rising over the subsequent ten buying and selling days

Five Day: JBLU -6.3%, vs. S&P500 -3.1%; Underperformed market

(10% probability occasion; 57% likelihood of rise over subsequent 5 days)

  • JBLU stock misplaced 6.3% over a five-day buying and selling interval ending 9/29/2022, in comparison with the broader market (S&P500) which was down 3.1% over this era.
  • A change of -6.3% or extra over 5 buying and selling days (one week) is a ten% probability occasion, which has occurred 250 instances out of 2515 within the final 10 years
  • Of these 250 cases, the stock has seen a optimistic motion over the subsequent 5 buying and selling days on 143 events
  • This factors to a 57% likelihood for the stock rising over the subsequent 5 buying and selling days

What should you’re searching for a extra balanced portfolio as an alternative? Our high-quality portfolio and multi-strategy portfolio have overwhelmed the market persistently because the finish of 2016.

 Returns Sep 2022
MTD [1]
2022
YTD [1]
2017-22
Total [2]
 JBLU Return -15% -53% -70%
 S&P 500 Return -9% -25% 60%
 Trefis Multi-Strategy Portfolio -12% -26% 194%

[1] Month-to-date and year-to-date as of 9/30/2022
[2] Cumulative whole returns because the finish of 2016

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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.



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