Joby Aviation Inc (NYSE: JOBY) – Suitable For Long Term Buy?

Currently, there are 622.60M common shares owned by the public and among those 381.14M shares have been available to trade.

Insiders at the company have transacted a total of 111 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 49 of these insider trades were purchases, accounting for 893,081 shares. Insider sales of the common stock occurred on 62 occasions, with total insider shares sold totaling 1,974,219 shares.

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The company’s stock has a 5-day price change of 14.31% and 19.06% over the past three months. JOBY shares are trading -5.11% year to date (YTD), with the 12-month market performance up to 49.53% higher. It has a 12-month low price of $3.68 and touched a high of $11.98 over the same period. JOBY has an average intraday trading volume of 2.39 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.84%, 1.84%, and -4.35% respectively.

Institutional ownership of Joby Aviation Inc (NYSE: JOBY) shares accounts for 30.50% of the company’s 622.60M shares outstanding.

It has a market capitalization of $4.39B and a beta (3y monthly) value of 2.12. The earnings-per-share (ttm) stands at -$0.74. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.32% over the week and 5.36% over the month.

Analysts forecast that Joby Aviation Inc (JOBY) will achieve an EPS of -$0.18 for the current quarter, -$0.18 for the next quarter and -$0.72 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.2 while analysts give the company a high EPS estimate of -$0.17. Comparatively, EPS for the current quarter was -$0.11 a year ago. Earnings per share for the fiscal year are expected to decrease by -80.11%, and 15.48% over the next financial year.

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.

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