In yesterday’s Wall Street session, Joby Aviation Inc (NYSE:JOBY) shares traded at $6.75, up 5.30% from the previous session.
As of this writing, 7 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 $8.00. Given the previous closing price of $6.41, this indicates a potential upside of 24.8 percent. JOBY stock price is now 12.71% away from the 50-day moving average and 9.21% away from the 200-day moving average. The market capitalization of the company currently stands at $4.70B.
There are 2 analysts who have given it a hold rating, whereas 3 have given it a buy rating. 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 Dec 08. The stock was sold for $775,887 at an average price of $6.52. Upon completion of the transaction, the Director now directly owns 9,836,886 shares in the company, valued at $66.4 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 06, Director Saluja Dipender sold 119,001 shares of the business’s stock. A total of $765,176 was realized by selling the stock at an average price of $6.43. This leaves the insider owning 9,955,887 shares of the company worth $67.2 million. Insiders disposed of 2,852,929 shares of company stock worth roughly $19.26 million over the past 1 year. A total of 45.26% of the company’s stock is owned by insiders.
Wednesday morning saw Joby Aviation Inc (NYSE: JOBY) opened at $6.43. 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 $5.99 and a two-hundred day moving average price translates $6.18 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.
