In Tuesday’s Wall Street session, Joby Aviation Inc (NYSE:JOBY) shares traded at $6.97, down -0.85% from the previous session.
JOBY stock price is now 10.06% away from the 50-day moving average and 6.89% away from the 200-day moving average. The market capitalization of the company currently stands at $5.52B.
With the price target maintained at $7, Morgan Stanley recently Downgraded its rating from Overweight to Equal-Weight for Joby Aviation Inc (NYSE: JOBY). On January 10, 2025, JP Morgan Downgraded its previous ‘Neutral’ rating to ‘Underweight’ on the stock increasing its target price from $5 to quote $6, while ‘Needham’ rates the stock as ‘Buy’
In other news, Sciarra Paul Cahill, Director sold 166,667 shares of the company’s stock on May 19 ’25. The stock was sold for $1,168,336 at an average price of $7.01. Upon completion of the transaction, the Director now directly owns 58,161,394 shares in the company, valued at $405.38 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 19 ’25, Director SCIARRA MANAGEMENT TRUST bought 166,667 shares of the business’s stock. A total of $1,231,669 was incurred on buying the stock at an average price of $7.39. A total of 45.09% of the company’s stock is owned by insiders.
During the past 12 months, Joby Aviation Inc has had a low of $4.66 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 17.72, and a quick ratio of 17.72.
The net profit margin was -536804.50% and return on equity was -64.96% for JOBY.
