In yesterday’s Wall Street session, Joby Aviation Inc (NYSE:JOBY) shares traded at $6.58, up 10.40% from the previous session.
7 analysts cover Joby Aviation Inc (NYSE:JOBY), according to research data. 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 $8.00. Given the previous closing price of $5.96, this indicates a potential upside of 34.23 percent. JOBY stock price is now 10.18% away from the 50-day moving average and 7.83% away from the 200-day moving average. The market capitalization of the company currently stands at $4.58B.
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The stock has received a hold rating from 2 analysts and a buy rating from 3. Brokers who have rated the stock have averaged $7.83 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, Saluja Dipender, Director sold 119,001 shares of the company’s stock on Nov 29. The stock was sold for $722,336 at an average price of $6.07. Upon completion of the transaction, the Director now directly owns 10,074,888 shares in the company, valued at $66.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 29, Bowles Gregory sold 18,847 shares of the business’s stock. A total of $114,223 was realized by selling the stock at an average price of $6.06. This leaves the insider owning 18,805 shares of the company worth $0.12 million. Insiders disposed of 2,852,929 shares of company stock worth roughly $18.77 million over the past 1 year. A total of 45.28% of the company’s stock is owned by insiders.
On Friday morning Joby Aviation Inc (NYSE: JOBY) stock kicked off with the opening price of $5.97. 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 $5.98 and a two-hundred day moving average price translates $6.11 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.
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.
