Could Joby Aviation Inc (JOBY) stock price achieve new all-time highs if its expected earnings and revenue increase?

In yesterday’s Wall Street session, Joby Aviation Inc (NYSE:JOBY) shares traded at $5.84, down -2.01% from the previous session.

As of this writing, 6 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 $5.00, we find $10.00. Given the previous closing price of $5.96, this indicates a potential upside of 67.79 percent. JOBY stock price is now -9.12% away from the 50-day moving average and -2.30% away from the 200-day moving average. The market capitalization of the company currently stands at $4.05B.

There are 1 analysts who have given it a hold rating, whereas 3 have given it a buy rating. Brokers who have rated the stock have averaged $8.20 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 21,000 shares of the company’s stock on Nov 06. The stock was sold for $126,420 at an average price of $6.02. Upon completion of the transaction, the insider now directly owns 203,978 shares in the company, valued at $1.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 13, Head of Product Allison Eric sold 26,932 shares of the business’s stock. A total of $165,093 was realized by selling the stock at an average price of $6.13. This leaves the insider owning 364,892 shares of the company worth $2.13 million. Insiders disposed of 1,937,942 shares of company stock worth roughly $11.32 million over the past 1 year. A total of 45.28% of the company’s stock is owned by insiders.

Tuesday morning saw Joby Aviation Inc (NYSE: JOBY) opened at $5.95. 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 0.03, a current ratio of 22.78, and a quick ratio of 22.78. The fifty day moving average price for JOBY is $6.43 and a two-hundred day moving average price translates $5.98 for the stock.

The latest earnings results from Joby Aviation Inc (NYSE: JOBY) was released for Sep, 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 -$0.14 EPS in the same period last year. The company reported revenue of $128.17 million for the quarter, compared to $97.12 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.97 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.

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