Stocks of Joby Aviation Inc. (NYSE:JOBY) traded higher last session on Wall Street, down -4.35% to $7.92.
According to the data, Joby Aviation Inc. (NYSE:JOBY) has 7 analysts covering its stock. The consensus rating among analysts is ‘Hold’. JOBY stock price is now -1.73% away from the 50-day moving average and 54.01% away from the 200-day moving average. The market capitalization of the company currently stands at $5.42B.
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A total of 2 analysts have issued a hold rating and 3 have given it a buy rating.
With the price target enhanced from $5 to $6, JP Morgan Downgraded its rating from Neutral to Underweight for Joby Aviation Inc. (NYSE: JOBY).
In other news, Field Matthew, insider sold 52,250 shares of the company’s stock on Aug 04. The stock was sold for $430,018 at an average price of $8.23. Upon completion of the transaction, the insider now directly owns 204,179 shares in the company, valued at $1.62 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 14, DeHoff Kate sold 10,432 shares of the business’s stock. A total of $103,798 was realized by selling the stock at an average price of $9.95. This leaves the insider owning 155,885 shares of the company worth $1.23 million. Insiders disposed of 12,336,937 shares of company stock worth roughly $97.71 million over the past 1 year. A total of 38.77% 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 IEQ CAPITAL, LLC during the first quarter worth $22,492,000. MITSUBISHI UFJ TRUST & BANKING CORP invested $11,229,000 in shares of JOBY during the first quarter. In the first quarter, CORRIENTE ADVISORS, LLC acquired a new stake in Joby Aviation Inc. valued at approximately $3,802,000. JUMP FINANCIAL, LLC acquired a new stake in JOBY for approximately $3,129,000. BALYASNY ASSET MANAGEMENT L.P. purchased a new stake in JOBY valued at around $2,008,000 in the second quarter. In total, there are 239 active investors with 28.40% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $8.32 for Joby Aviation Inc. (NYSE: JOBY). 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 27.80, and a quick ratio of 27.80. The fifty day moving average price for JOBY is $8.11 and a two-hundred day moving average price translates $5.16 for the stock.
The latest earnings results from Joby Aviation Inc. (NYSE: JOBY) was released for Jun, 2023. According to the Airports & Air Services Company, earnings per share came in at -$0.45, missing analysts’ expectations of -$0.15 by -0.3. This compares to -$0.09 EPS in the same period last year. The company reported revenue of $115.97 million for the quarter, compared to $99.38 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.69 percent.
