The stock of Joby Aviation Inc (NYSE:JOBY) last traded at $5.74, up 2.68% from the previous session.
Data from the available sources indicates that Joby Aviation Inc (NYSE:JOBY) is covered by 6 analysts. 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 $5.59, this indicates a potential upside of 78.89 percent. JOBY stock price is now -5.60% away from the 50-day moving average and -5.20% away from the 200-day moving average. The market capitalization of the company currently stands at $4.00B.
In total, 1 analysts have assigned it a hold rating, and 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 $1.17 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 $2.09 million. Insiders disposed of 1,949,023 shares of company stock worth roughly $11.19 million over the past 1 year. A total of 45.27% of the company’s stock is owned by insiders.
With an opening price of $5.70 on Wednesday morning, Joby Aviation Inc (NYSE: JOBY) set off the trading day. 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 $6.08 and a two-hundred day moving average price translates $6.05 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, beating analysts’ expectations of -$0.18 by 0.18. 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. For the current quarter, analysts expect JOBY to generate $1.05M in revenue.
