In yesterday’s Wall Street session, Joby Aviation Inc (NYSE:JOBY) shares traded at $6.25, up 1.96% from the previous session.
As of this writing, 7 analysts cover Joby Aviation Inc (NYSE:JOBY). The consensus rating among analysts is ‘Hold’. JOBY stock price is now -14.21% away from the 50-day moving average and 9.74% away from the 200-day moving average. The market capitalization of the company currently stands at $4.34B.
There are 2 analysts who have given it a hold rating, whereas 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, Bevirt JoeBen, CEO and Chief Architect sold 26,099 shares of the company’s stock on Oct 03. The stock was sold for $160,770 at an average price of $6.16. Upon completion of the transaction, the CEO and Chief Architect now directly owns 556,592 shares in the company, valued at $3.48 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 03, Field Matthew sold 10,198 shares of the business’s stock. A total of $62,820 was realized by selling the stock at an average price of $6.16. This leaves the insider owning 213,435 shares of the company worth $1.33 million. Insiders disposed of 10,939,982 shares of company stock worth roughly $68.37 million over the past 1 year. A total of 45.77% 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 $17,749,000. MITSUBISHI UFJ TRUST & BANKING CORP invested $8,861,000 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 $5,681,000. CORRIENTE ADVISORS, LLC acquired a new stake in JOBY for approximately $3,000,000. JUMP FINANCIAL, LLC purchased a new stake in JOBY valued at around $2,469,000 in the second quarter. In total, there are 239 active investors with 27.63% ownership of the company’s stock.
Wednesday morning saw Joby Aviation Inc (NYSE: JOBY) opened at $6.16. 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 0.02, a current ratio of 27.78, and a quick ratio of 27.78. The fifty day moving average price for JOBY is $7.24 and a two-hundred day moving average price translates $5.71 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.
