Uncovering Institutional Buying In Joby Aviation Inc (NYSE: JOBY)

Currently, there are 698.26M common shares owned by the public and among those 384.13M shares have been available to trade.

The company’s stock has a 5-day price change of -18.20% and -5.58% over the past three months. JOBY shares are trading -23.61% year to date (YTD), with the 12-month market performance down to -38.35% lower. It has a 12-month low price of $4.50 and touched a high of $8.42 over the same period. JOBY has an average intraday trading volume of 6.52 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 -17.98%, -7.01%, and -9.48% respectively.

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Institutional ownership of Joby Aviation Inc (NYSE: JOBY) shares accounts for 31.15% of the company’s 698.26M shares outstanding.

It has a market capitalization of $3.60B and a beta (3y monthly) value of 2.03. The earnings-per-share (ttm) stands at -$0.75. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.22% over the week and 7.61% over the month.

Earnings per share for the fiscal year are expected to increase by 6.81%, and 5.79% 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 Neutral rating for the stock in a research note on May 03, 2024, with the firm’s price target at $5. JP Morgan coverage for the Joby Aviation Inc (JOBY) stock in a research note released on July 19, 2023 offered a Underweight rating with a price target of $6. Canaccord Genuity was of a view on June 09, 2023 that the stock is Buy, while Deutsche Bank gave the stock Sell rating on March 07, 2023, issuing a price target of $6- $4. Raymond James on their part issued Mkt Perform rating on July 27, 2022.

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