The price of Joby Aviation Inc. (NYSE:JOBY) shares last traded on Wall Street fell -1.28% to $10.06.
Based on available information, 7 analysts follow Joby Aviation Inc. (NYSE:JOBY). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $11.00 and a low of $5.00, we find $8.00. Given the previous closing price of $10.19, this indicates a potential downside of -21.49 percent. JOBY stock price is now 44.86% away from the 50-day moving average and 109.03% away from the 200-day moving average. The market capitalization of the company currently stands at $7.31B.
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Among analysts, 3 rate the stock a hold while 3 rate it a buy. Brokers who have rated the stock have averaged $8.00 as their price target over the next twelve months.
With the price target of $8, Canaccord Genuity recently initiated with Buy rating for Joby Aviation Inc. (NYSE: JOBY).
In other news, DeHoff Kate, insider sold 10,432 shares of the company’s stock on Jul 14. The stock was sold for $103,798 at an average price of $9.95. Upon completion of the transaction, the insider now directly owns 155,885 shares in the company, valued at $1.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 13, Head of Product Allison Eric sold 21,101 shares of the business’s stock. A total of $225,781 was realized by selling the stock at an average price of $10.70. This leaves the insider owning 336,017 shares of the company worth $3.38 million. Insiders disposed of 12,310,379 shares of company stock worth roughly $123.84 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 $2,551,000. DEUTSCHE BANK AG invested $1,793,000 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 $1,242,000. GALLAGHER BENEFIT SERVICES, INC. acquired a new stake in JOBY for approximately $497,000. GALLAGHER FIDUCIARY ADVISORS, LLC purchased a new stake in JOBY valued at around $492,000 in the second quarter. In total, there are 232 active investors with 28.40% ownership of the company’s stock.
A candlestick chart of Joby Aviation Inc. (NYSE: JOBY) showed a price of $10.10 on Tuesday morning. During the past 12 months, Joby Aviation Inc. has had a low of $3.15 and a high of $11.98. 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 $7.06 and a two-hundred day moving average price translates $4.84 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.
