In yesterday’s Wall Street session, Joby Aviation Inc (NYSE:JOBY) shares traded at $8.53, down -3.51% from the previous session.
JOBY stock price is now 38.49% away from the 50-day moving average and 56.15% away from the 200-day moving average. The market capitalization of the company currently stands at $7.13B.
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, SCIARRA MANAGEMENT TRUST U/A D, Director bought 333,332 shares of the company’s stock on Dec 09 ’24. The stock was bought for $2,946,655 at an average price of $8.84. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 25 ’24, Bowles Gregory sold 7,748 shares of the business’s stock. A total of $62,635 was realized by selling the stock at an average price of $8.08. This leaves the insider owning 29,235 shares of the company worth $0.25 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 $6.093 and a two-hundred day moving average price translates $5.4472 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.
