The price of Joby Aviation Inc (NYSE:JOBY) shares last traded on Wall Street rose 0.20% to $4.93.
JOBY stock price is now -11.53% away from the 50-day moving average and -25.59% away from the 200-day moving average. The market capitalization of the company currently stands at $3.47B.
With the price target enhanced from $5 to $6, JP Morgan Downgraded its rating from Neutral to Underweight for Joby Aviation Inc (NYSE: JOBY). On June 09, 2023, Canaccord Genuity recently initiated its ‘Buy’ rating on the stock quoting a target price of $8, while ‘Deutsche Bank’ rates the stock as ‘Sell’
In other news, Bevirt JoeBen, CEO and Chief Architect sold 23,750 shares of the company’s stock on Apr 03 ’24. The stock was sold for $117,800 at an average price of $4.96. Upon completion of the transaction, the CEO and Chief Architect now directly owns 653,011 shares in the company, valued at $3.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 03 ’24, Field Matthew sold 12,079 shares of the business’s stock. A total of $59,912 was realized by selling the stock at an average price of $4.96. This leaves the insider owning 260,341 shares of the company worth $1.28 million. A total of 46.86% of the company’s stock is owned by insiders.
During the past 12 months, Joby Aviation Inc has had a low of $3.72 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 23.39, and a quick ratio of 23.39. The fifty day moving average price for JOBY is $5.5504 and a two-hundred day moving average price translates $6.6011 for the stock.
The latest earnings results from Joby Aviation Inc (NYSE: JOBY) was released for Dec, 2023. According to the Airports & Air Services Company, earnings per share came in at -$0.17, beating analysts’ expectations of -$0.18 by 0.01. This compares to -$0.11 EPS in the same period last year. The net profit margin was -49714.15% and return on equity was -46.66% for JOBY. The company reported revenue of $129.27 million for the quarter, compared to $101.36 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.54 percent.
