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
€3.93
-4.910%
The sentiment is rather negative at the moment with 11 Sell predictions and 1 Buy predictions.
A potential of -23.6%, resulting from comparing the current price of 3.93 € with the target price of 3 € for Jetblue Airways Corp., shows the chance of incurring significant losses.
