Joby Aviation Inc (JOBY): A Great Stock For Handling Current Market Conditions?

Currently, there are 698.26M common shares owned by the public and among those 411.92M shares have been available to trade.

The company’s stock has a 5-day price change of -5.62% and -4.13% over the past three months. JOBY shares are trading -26.77% year to date (YTD), with the 12-month market performance down to -9.14% lower. It has a 12-month low price of $4.50 and touched a high of $7.69 over the same period. JOBY has an average intraday trading volume of 9.89 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 -11.59%, -8.31%, and -8.85% respectively.

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Institutional ownership of Joby Aviation Inc (NYSE: JOBY) shares accounts for 30.45% of the company’s 698.26M shares outstanding.

It has a market capitalization of $3.74B and a beta (3y monthly) value of 1.97. The earnings-per-share (ttm) stands at -$0.48. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.85% over the week and 5.83% over the month.

Earnings per share for the fiscal year are expected to increase by 13.41%, and -2.68% over the next financial year.

Looking at the support for the JOBY, a number of firms have released research notes about the stock. H.C. Wainwright stated their Buy rating for the stock in a research note on September 03, 2024, with the firm’s price target at $9. JP Morgan coverage for the Joby Aviation Inc (JOBY) stock in a research note released on May 03, 2024 offered a Neutral rating with a price target of $5. JP Morgan was of a view on July 19, 2023 that the stock is Underweight, while Canaccord Genuity gave the stock Buy rating on June 09, 2023, issuing a price target of $8. Deutsche Bank on their part issued Sell rating on March 07, 2023.

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