Stocks Flexing Their Muscles: JetBlue Airways Corporation (JBLU), VMware, Inc. (VMW)

Over the past 52 weeks, the shares of JetBlue Airways Corporation (NASDAQ:JBLU) has been trading as low as $15.19 before witnessing a massive surge by 13.56% or $2.06. This price movement has led to the JBLU stock receiving more attention and has become one to watch out for. It jumped by 0.58% on Sunday and this got the market excited. The stock’s beta now stands at 0.88 and when compared to its 200-day moving average and its 50-day moving average, JBLU price stands -6.79% below and -1.09% below respectively. Its average daily volatility for this week is 3.45% which is less than the 3.65% recorded over the past month. The shares of JetBlue Airways Corporation dropped by -25.26% or -$5.83 from its last recorded high of $23.08 which it attained on January 16 to close at $17.25 per share.

JetBlue Airways Corporation (JBLU) rose 4.23% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -20.1% and is now up by 7.41% since start of this year. A look at its monthly performance shows that the stock has recorded a -3.74% fall over the past 30 days. Its equity price climbed by 3.73% over the past three months which led to its overall six-month decrease to stand at -9.92%.

Experts from research firms are bullish about the near-term performance of JetBlue Airways Corporation with most of them predicting a $20.73 price target on a short-term (12 months) basis. The average price target by the analysts will see a 20.17% rise in the stock and would lead to JBLU’s market cap to surge to $6.28B. The stock has been rated an average 2.9, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 18 analysts that track JetBlue Airways Corporation (NASDAQ:JBLU) and find out that 10 of them rated it as a Hold. 5 of the 8 analysts rated it as a Buy or a Strong Buy while 3 advised investors to desist from buying the stock or sell it if they already possess it.

A look at JBLU technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 54.98 point. Its trading volume has lost -2478344 shares compared to readings over the past three months as it recently exchanged 2531656 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 5010000 shares, and this is 0.51 times the normal volume.

The price of VMware, Inc. (NYSE:VMW) currently stands at $146.7 after it went down by $-2.18 or -1.46% and has found a strong support at $144.79 a share. If the VMW price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $142.89 mark would also be bad for the stock as it means that the stock would plunge by 2.6% from its current position. However, if the stock price is able to trade above the resistance point around $148.32, then it could likely surge higher to try and break the upward resistance which stands at $149.95 a share. Its average daily volatility over the past one month stands at 3.88%. The stock has plunged by 1.49% from its 52-weeks high of $144.51 which it reached on Nov. 12, 2018. In general, it is 38.58% above its 52-weeks lowest point which stands at $90.1 and this setback was observed on Aug. 02, 2018.

Analysts have predicted a price target for VMware, Inc. (VMW) for 1 year and it stands at an average $171.78/share. This means that it would likely increase by 17.1% from its current position. The current price of the stock has been moving between $144.51 and $148.04. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $128. On the other hand, one analyst is super bullish about the price, setting a target as high as $200.

The VMW stock Stochastic Oscillator (%D) is at 64.45%, which means that it is currently neutral. The shares P/S ratio stands at 7.02 which compares to the 3.26 recorded by the industry or the 2.67 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 22.07, which is lower than the 24.65 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 16.7% over the past five years.

Analysts view VMware, Inc. (NYSE:VMW) as a Hold, with 2.1 consensus rating. Reuters surveyed 27 analysts that follow VMW and found that 11 of those analysts rated the stock as a Hold. The remaining 16 were divided, with 16 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying VMware, Inc. (VMW) shares or sell it if they already own it.