Down 45%, Is JetBlue Stock a Buy?
Everything seems to be going wrong for JetBlue Airways (NASDAQ: JBLU) these days. After all, airline stocks aren't the best place for investors right now, and JetBlue is doing worse than any of them, down 45% on a year-to-date basis.
JetBlue stock is so depressed that it's essentially a penny stock now, which is the moniker given to stocks that has fallen below $5 per share.
But now that JetBlue is down a whopping 86% from its all-time high, is it time for savvy investors to move in to buy a depressed stock on the dip? Or is this a case of catching a falling knife?
Source Fool.com
Jetblue Airways Corp. Stock
€4.16
-1.270%
With 9 Sell predictions and only 1 Buy predictions the community sentiment for Jetblue Airways Corp. is rather negative.
This results in a negative potential of -27.83% based on a current price of 4.16 € and a target price of 3 € for the stock.
