With over 9.99 million Joby Aviation Inc. (JOBY) shares trading Monday and a closing price of $6.83 on the day, the dollar volume was approximately $68.24 million. The shares have shown a positive half year performance of 75.58% and its price on 09/18/23 gained nearly 4.43%. Currently, there are 636.68M common shares owned by the public and among those 432.38M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 7 analysts who have offered their price forecasts for JOBY have a consensus price objective of $8.33. The analysts have set the share’s price value over the next 12 months at a high of $11.00 and a low of $6.00. The average price target is 22.39% above its recent price level and a downside to the estimated low will see the stock lose -13.83% over that period. But an upside of 37.91% will see the stock hit the forecast high price target while median target price for the stock is $8.50.
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Insiders at the company have transacted a total of 162 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 88 of these insider trades were purchases, accounting for 9,637,254 shares. Insider sales of the common stock occurred on 74 occasions, with total insider shares sold totaling 11,513,183 shares.
Shares of Joby Aviation Inc. (NYSE: JOBY) opened at $6.72, up $0.18 from a prior closing price of $6.54. However, the script later moved the day high at 7.05, up 4.43%. The company’s stock has a 5-day price change of -6.18% and -7.70% over the past three months. JOBY shares are trading 103.88% year to date (YTD), with the 12-month market performance up to 18.58% higher. It has a 12-month low price of $3.15 and touched a high of $11.98 over the same period. JOBY has an average intraday trading volume of 9.85 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.66%, -15.00%, and 23.35% respectively.
Institutional ownership of Joby Aviation Inc. (NYSE: JOBY) shares accounts for 28.40% of the company’s 636.68M shares outstanding.
It has a market capitalization of $5.03B and a beta (3y monthly) value of 2.12. The earnings-per-share (ttm) stands at -$0.88. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.07% over the week and 4.47% over the month.
Analysts forecast that Joby Aviation Inc. (JOBY) will achieve an EPS of -$0.18 for the current quarter, -$0.2 for the next quarter and -$0.71 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.2 while analysts give the company a high EPS estimate of -$0.14. Comparatively, EPS for the current quarter was -$0.14 a year ago. Earnings per share for the fiscal year are expected to decrease by -46.90%, and 28.30% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 7 brokerage firm advisors rate Joby Aviation Inc. (JOBY) as a “Moderate Buy” at a consensus score of 2.70. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 2 of the 7 advise that investors “hold,” and 2 rated it as a “Sell.”
Looking at the support for the JOBY, a number of firms have released research notes about the stock. JP Morgan stated their Underweight rating for the stock in a research note on July 19, 2023, with the firm’s price target at $5-$6.
