Stocks of Joby Aviation Inc. (NYSE:JOBY) traded higher last session on Wall Street, down -2.79% to $7.67.
According to the data, Joby Aviation Inc. (NYSE:JOBY) has 7 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $11.00 and a low of $6.00, we find $8.50. Given the previous closing price of $7.89, this indicates a potential upside of 7.73 percent. JOBY stock price is now -5.94% away from the 50-day moving average and 48.12% away from the 200-day moving average. The market capitalization of the company currently stands at $5.47B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
A total of 2 analysts have issued a hold rating and 3 have given it a buy rating. Brokers who have rated the stock have averaged $8.33 as their price target over the next twelve months.
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 $1.57 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 $1.2 million. Insiders disposed of 12,336,937 shares of company stock worth roughly $94.62 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 $21,782,000. MITSUBISHI UFJ TRUST & BANKING CORP invested $10,875,000 in shares of JOBY during the first quarter. In the first quarter, LINGOTTO INVESTMENT MANAGEMENT LLP acquired a new stake in Joby Aviation Inc. valued at approximately $6,972,000. CORRIENTE ADVISORS, LLC acquired a new stake in JOBY for approximately $3,682,000. JUMP FINANCIAL, LLC purchased a new stake in JOBY valued at around $3,030,000 in the second quarter. In total, there are 239 active investors with 28.40% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $7.79 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 $8.19 and a two-hundred day moving average price translates $5.20 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.
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.
