In yesterday’s Wall Street session, Joby Aviation Inc (NYSE:JOBY) shares traded at $4.88, up 0.21% from the previous session.
JOBY stock price is now -7.42% away from the 50-day moving average and -23.29% away from the 200-day moving average. The market capitalization of the company currently stands at $3.43B.
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, Papadopoulos Didier, President of Aircraft OEM sold 6,091 shares of the company’s stock on Apr 18 ’24. The stock was sold for $28,262 at an average price of $4.64. Upon completion of the transaction, the President of Aircraft OEM now directly owns 76,284 shares in the company, valued at $0.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 18 ’24, CEO and Chief Architect Bevirt JoeBen sold 5,448 shares of the business’s stock. A total of $25,279 was realized by selling the stock at an average price of $4.64. This leaves the insider owning 662,605 shares of the company worth $3.23 million. A total of 46.85% 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 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.
