Joby Aviation Inc. (NYSE:JOBY) shares traded 1.28% higher at $7.12 on Wall Street last session.
In accordance with the data, 7 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 $11.00 and a low of $6.00, we find $8.50. Given the previous closing price of $7.03, this indicates a potential upside of 20.91 percent. JOBY stock price is now -14.32% away from the 50-day moving average and 35.60% away from the 200-day moving average. The market capitalization of the company currently stands at $4.88B.
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It has been rated a hold by 2 analysts and a buy by 3. 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 $1.45 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 $1.11 million. Insiders disposed of 12,162,940 shares of company stock worth roughly $86.6 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 $20,220,000. MITSUBISHI UFJ TRUST & BANKING CORP invested $10,095,000 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 $6,472,000. CORRIENTE ADVISORS, LLC acquired a new stake in JOBY for approximately $3,418,000. JUMP FINANCIAL, LLC purchased a new stake in JOBY valued at around $2,813,000 in the second quarter. In total, there are 239 active investors with 28.40% ownership of the company’s stock.
Joby Aviation Inc. (NYSE: JOBY) opened at $6.85 on Friday. 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 $8.33 and a two-hundred day moving average price translates $5.26 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.
