Stocks of Joby Aviation Inc (NYSE:JOBY) traded higher last session on Wall Street, down -2.96% to $5.24.
According to the data, Joby Aviation Inc (NYSE:JOBY) has 6 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $11.00 and a low of $5.00, we find $10.00. Given the previous closing price of $5.40, this indicates a potential upside of 85.19 percent. JOBY stock price is now -20.97% away from the 50-day moving average and -11.55% away from the 200-day moving average. The market capitalization of the company currently stands at $3.64B.
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A total of 1 analysts have issued a hold rating and 3 have given it a buy rating. Brokers who have rated the stock have averaged $8.40 as their price target over the next twelve months.
With the price target enhanced from $5 to $6, JP Morgan Downgraded its rating from Neutral to Underweight for Joby Aviation Inc (NYSE: JOBY).
In other news, Allison Eric, Head of Product sold 26,932 shares of the company’s stock on Oct 13. The stock was sold for $165,093 at an average price of $6.13. Upon completion of the transaction, the Head of Product now directly owns 364,892 shares in the company, valued at $1.91 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 13, DeHoff Kate sold 5,637 shares of the business’s stock. A total of $34,555 was realized by selling the stock at an average price of $6.13. This leaves the insider owning 165,550 shares of the company worth $0.87 million. Insiders disposed of 1,937,942 shares of company stock worth roughly $10.15 million over the past 1 year. A total of 45.75% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in JOBY stock. A new stake in Joby Aviation Inc shares was purchased by IEQ CAPITAL, LLC during the first quarter worth $14,881,000. MITSUBISHI UFJ TRUST & BANKING CORP invested $7,429,000 in shares of JOBY during the first quarter. In the first quarter, RHEOS CAPITAL WORKS INC. acquired a new stake in Joby Aviation Inc valued at approximately $5,057,000. LINGOTTO INVESTMENT MANAGEMENT LLP acquired a new stake in JOBY for approximately $4,763,000. CORRIENTE ADVISORS, LLC purchased a new stake in JOBY valued at around $2,515,000 in the second quarter. In total, there are 239 active investors with 27.78% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $5.43 for Joby Aviation Inc (NYSE: JOBY). During the past 12 months, Joby Aviation Inc has had a low of $3.15 and a high of $11.98. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 27.78, and a quick ratio of 27.78. The fifty day moving average price for JOBY is $6.59 and a two-hundred day moving average price translates $5.93 for the stock.
The latest earnings results from Joby Aviation Inc (NYSE: JOBY) was released for Jun, 2023. According to the Airports & Air Services Company, earnings per share came in at -$0.45, missing analysts’ expectations of -$0.15 by -0.3. This compares to -$0.09 EPS in the same period last year. The company reported revenue of $115.97 million for the quarter, compared to $99.38 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.69 percent.
Joby Aviation Inc(JOBY) Company Profile
Joby Aviation, Inc., a vertically integrated air mobility company, engages in building an electric vertical takeoff and landing aircraft optimized to deliver air transportation as a service. The company intends to build an aerial ridesharing service, as well as developing an application-based platform that will enable consumers to book rides. Joby Aviation, Inc. was founded in 2009 and is headquartered in Santa Cruz, California.
