Joby Aviation Inc (JOBY) concluded trading on Wednesday at a closing price of $6.07, with 7.75 million shares of worth about $47.02 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -14.51% during that period and on Wednesday the price saw a loss of about -2.25%. Currently the company’s common shares owned by public are about 622.60M shares, out of which, 366.80M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 110 times over the past 12 months. They bought 881,925 shares in 48 of the transactions. In 62 selling transactions, insiders dumped 1,974,219 shares.
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However, the stock later moved at a day high price of 6.48, or with a loss of -2.25%. Stock saw a price change of 1.51% in past 5 days and over the past one month there was a price change of 3.41%. Year-to-date (YTD), JOBY shares are showing a performance of -8.72% which increased to 36.40% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.68 but also hit the highest price of $11.98 during that period. The average intraday trading volume for Joby Aviation Inc shares is 4.87 million. The stock is currently trading 3.03% above its 20-day simple moving average (SMA20), while that difference is down -1.91% for SMA50 and it goes to -8.86% lower than SMA200.
Joby Aviation Inc (NYSE: JOBY) currently have 622.60M outstanding shares and institutions hold larger chunk of about 31.02% of that.
The stock has a current market capitalization of $4.23B and its 3Y-monthly beta is at 2.13. It has posted earnings per share of -$0.74 in the same period. It has Quick Ratio of 22.78 while making debt-to-equity ratio of 0.03. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for JOBY, volatility over the week remained 5.03% while standing at 5.23% over the month.
Analysts are in expectations that Joby Aviation Inc (JOBY) stock would likely to be making an EPS of -$0.18 in the current quarter, while forecast for next quarter EPS is -$0.18 and it is -$0.71 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.2 which is -$0.17 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.11 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 15.22% while it is estimated to increase by 9.76% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on July 19, 2023 offering an Underweight rating for the stock and assigned a target price range of between $5 and $6 to it. Coverage by Canaccord Genuity stated Joby Aviation Inc (JOBY) stock as a Buy in their note to investors on June 09, 2023, suggesting a price target of $8 for the stock. Stock get a Neutral rating from JP Morgan on April 28, 2022.
