The price of Joby Aviation Inc. (NYSE:JOBY) shares last traded on Wall Street fell -1.57% to $6.88.
JOBY stock price is now -16.42% away from the 50-day moving average and 25.18% away from the 200-day moving average. The market capitalization of the company currently stands at $4.74B.
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
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, Bowles Gregory, insider sold 7,749 shares of the company’s stock on Aug 23. The stock was sold for $56,413 at an average price of $7.28. Upon completion of the transaction, the insider now directly owns 15,245 shares in the company, valued at $0.1 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 22, Bowles Gregory sold 3,407 shares of the business’s stock. A total of $24,326 was realized by selling the stock at an average price of $7.14. This leaves the insider owning 22,994 shares of the company worth $0.16 million. Insiders disposed of 10,335,813 shares of company stock worth roughly $71.11 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 $19,539,000. MITSUBISHI UFJ TRUST & BANKING CORP invested $9,754,000 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 $6,254,000. CORRIENTE ADVISORS, LLC acquired a new stake in JOBY for approximately $3,302,000. JUMP FINANCIAL, LLC purchased a new stake in JOBY valued at around $2,718,000 in the second quarter. In total, there are 239 active investors with 28.40% ownership of the company’s stock.
A candlestick chart of Joby Aviation Inc. (NYSE: JOBY) showed a price of $6.96 on Wednesday 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 27.80, and a quick ratio of 27.80. The fifty day moving average price for JOBY is $8.16 and a two-hundred day moving average price translates $5.51 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.
