Stocks of Joby Aviation Inc (NYSE:JOBY) traded higher last session on Wall Street, up 3.08% to $6.70.
JOBY stock price is now -17.48% away from the 50-day moving average and 7.34% away from the 200-day moving average. The market capitalization of the company currently stands at $5.13B.
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 November 19, 2024, Needham recently initiated its ‘Buy’ rating on the stock quoting a target price of $8, while ‘H.C. Wainwright’ rates the stock as ‘Buy’
In other news, Bowles Gregory, insider sold 3,442 shares of the company’s stock on Feb 24 ’25. The stock was sold for $23,440 at an average price of $6.81. Upon completion of the transaction, the insider now directly owns 36,949 shares in the company, valued at $0.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 24 ’25, Officer Gregory Bowles bought 3,442 shares of the business’s stock. A total of $23,453 was incurred on buying the stock at an average price of $6.81. A total of 45.13% 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 $10.72. 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 net profit margin was -42844.56% and return on equity was -50.45% for JOBY.