Joby Aviation Inc. (NYSE:JOBY) shares traded -1.99% lower at $5.42 on Wall Street last session.
In accordance with the data, 5 analysts cover Joby Aviation Inc. (NYSE:JOBY). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $10.00 and a low of $4.00, we find $7.00. Given the previous closing price of $5.53, this indicates a potential upside of 26.58 percent. JOBY stock price is now 27.30% away from the 50-day moving average and 22.58% away from the 200-day moving average. The market capitalization of the company currently stands at $3.70B.
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It has been rated a hold by 2 analysts and a buy by 2. Brokers who have rated the stock have averaged $7.00 as their price target over the next twelve months.
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In other news, Bowles Gregory, insider sold 3,410 shares of the company’s stock on May 22. The stock was sold for $17,493 at an average price of $5.13. Upon completion of the transaction, the insider now directly owns 22,991 shares in the company, valued at $0.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 18, See Remarks DeHoff Kate sold 28,404 shares of the business’s stock. A total of $156,222 was realized by selling the stock at an average price of $5.50. This leaves the insider owning 166,220 shares of the company worth $0.9 million. Insiders disposed of 6,364,224 shares of company stock worth roughly $34.49 million over the past 1 year. A total of 41.74% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in JOBY stock. A new stake in Joby Aviation Inc. shares was purchased by BALYASNY ASSET MANAGEMENT L.P. during the first quarter worth $1,374,000. DEUTSCHE BANK AG invested $966,000 in shares of JOBY during the first quarter. In the first quarter, CAPULA MANAGEMENT LTD acquired a new stake in Joby Aviation Inc. valued at approximately $669,000. GREY STREET CAPITAL, LLC acquired a new stake in JOBY for approximately $407,000. GALLAGHER BENEFIT SERVICES, INC. purchased a new stake in JOBY valued at around $268,000 in the second quarter. In total, there are 232 active investors with 28.40% ownership of the company’s stock.
Joby Aviation Inc. (NYSE: JOBY) opened at $5.44 on Wednesday. During the past 12 months, Joby Aviation Inc. has had a low of $3.15 and a high of $7.15. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 33.40, and a quick ratio of 33.40. The fifty day moving average price for JOBY is $4.29 and a two-hundred day moving average price translates $4.42 for the stock.
The latest earnings results from Joby Aviation Inc. (NYSE: JOBY) was released for Mar, 2023. According to the Airports & Air Services Company, earnings per share came in at -$0.19, missing analysts’ expectations of -$0.14 by -0.05. This compares to -$0.11 EPS in the same period last year. The company reported revenue of $99.72 million for the quarter, compared to $94.34 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.7 percent.
Joby Aviation Inc.(JOBY) Company Profile
Joby Aviation, Inc., a vertically integrated air mobility company, engages in building an electric vertical takeoff and landing aircraft optimized to deliver air transportation as a service. The company intends to build an aerial ridesharing service, as well as developing an application-based platform that will enable consumers to book rides. Joby Aviation, Inc. was founded in 2009 and is headquartered in Santa Cruz, California.
