A look at its monthly performance shows that JetBlue Airways Corporation (NASDAQ:JBLU) has recorded a 7.42% gain over the past 30 days. Over the past 12 months the stock has embarked on a drop that has seen it decline -11.06% and is now up by 12.7% since start of this year. The equity price rose 0.61% this week, a trend that has led to both investors and traders taking note of the stock. Its equity price climbed by 1.34% over the past three months which led to its overall six-month decrease to stand at -0.6%.
Experts from research firms are bullish about the near-term performance of JetBlue Airways Corporation with most of them predicting a $20.8 price target on a short-term (12 months) basis. The average price target by the analysts will see a 14.92% rise in the stock and would lead to JBLU’s market cap to surge to $6.49B. The stock has been rated an average 2.9, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 19 analysts that track JetBlue Airways Corporation (NASDAQ:JBLU) and find out that 11 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 56.92 point. Its trading volume has lost -1810729 shares compared to readings over the past three months as it recently exchanged 2989271 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 4800000 shares, and this is 0.62 times the normal volume.
The price of Cypress Semiconductor Corporation (NASDAQ:CY) currently stands at $14.9 after it went down by $-0.33 or -2.17% and has found a strong support at $14.75 a share. If the CY price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $14.6 mark would also be bad for the stock as it means that the stock would plunge by 2.01% from its current position. However, if the stock price is able to trade above the resistance point around $15.12, then it could likely surge higher to try and break the upward resistance which stands at $15.34 a share. Its average daily volatility over the past one month stands at 3.24%. The stock has plunged by 0.54% from its 52-weeks high of $14.82 which it reached on Mar. 13, 2018. In general, it is 21.14% above its 52-weeks lowest point which stands at $11.75 and this setback was observed on Oct. 24, 2018.
Analysts have predicted a price target for Cypress Semiconductor Corporation (CY) for 1 year and it stands at an average $16.39/share. This means that it would likely increase by 10% from its current position. The current price of the stock has been moving between $14.82 and $15.19. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $11.5. On the other hand, one analyst is super bullish about the price, setting a target as high as $18.
The CY stock Stochastic Oscillator (%D) is at 80.74%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 2.18 which compares to the 11.27 recorded by the industry or the 133.14 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 12.8, which is lower than the 240.32 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -17.4% over the past five years.
Analysts view Cypress Semiconductor Corporation (NASDAQ:CY) as a Buy, with 0 consensus rating. Reuters surveyed 16 analysts that follow CY and found that 6 of those analysts rated the stock as a Hold. The remaining 10 were divided, with 9 analyst rating it as a Buy or a Strong Buy while 1 analysts advised investors to desist from buying Cypress Semiconductor Corporation (CY) shares or sell it if they already own it.
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