The price of Joby Aviation Inc (NYSE:JOBY) shares last traded on Wall Street fell -9.39% to $8.11.
JOBY stock price is now 38.78% away from the 50-day moving average and 50.12% away from the 200-day moving average. The market capitalization of the company currently stands at $6.94B.
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With the price target of $8, Needham recently initiated with Buy rating for Joby Aviation Inc (NYSE: JOBY). On September 03, 2024, H.C. Wainwright recently initiated its ‘Buy’ rating on the stock quoting a target price of $9, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Bowles Gregory, insider sold 7,748 shares of the company’s stock on Nov 25 ’24. The stock was sold for $62,635 at an average price of $8.08. Upon completion of the transaction, the insider now directly owns 29,235 shares in the company, valued at $0.24 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 25 ’24, President of Aircraft OEM Papadopoulos Didier sold 1,835 shares of the business’s stock. A total of $14,680 was realized by selling the stock at an average price of $8.00. This leaves the insider owning 49,140 shares of the company worth $0.4 million. A total of 43.05% of the company’s stock is owned by insiders.
During the past 12 months, Joby Aviation Inc has had a low of $4.50 and a high of $9.33. As of last week, the company has a debt-to-equity ratio of 0.04, a current ratio of 16.12, and a quick ratio of 16.12. The fifty day moving average price for JOBY is $5.7848 and a two-hundred day moving average price translates $5.39375 for the stock.
The latest earnings results from Joby Aviation Inc (NYSE: JOBY) was released for 2024-09-30. The net profit margin was -42844.56% and return on equity was -50.45% for JOBY.
