Joby Aviation Inc. (NYSE:JOBY) does about 3.20M shares in volume on a normal day but saw 2935656 shares change hands in Monday trading. The company now has a market cap of 2.54B USD. Its current market price is $4.11, marking an increase of 3.53% compared to the previous close of $3.97. The 52 week high reached by this stock is $7.15 whilst the lowest price level in 52 weeks is $3.15. The script in recent trading has seen the stock touch a high of $4.12 and a low of $3.93.
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Joby Aviation Inc. (JOBY) has a 20-day trading average at $3.67 and the current price is -42.52% off the 52-week high compared with 30.48% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.82 and its 200-day simple moving average is $4.84. If we look at the stock’s price movements over the week, volatility stands at 6.70%, which decreases to 6.12% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 58.45 to suggest the stock is neutral.
6 analysts observing the Joby Aviation Inc. (JOBY) stock have set the 12-month price targets for the company’s shares at between $4.50 and $11.00. The consensus objective for the share price is $7.30, suggesting that the stock has a potential upside of 43.7% over the period. The median price target is 31.5% away from the current levels at $6.00.
FactSet Research has provided data showing that 6 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 2 analysts have rated it as a buy and 4 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.
Deutsche Bank initiated its price target at $8.
The current price level is 12.91%, 7.59%, and -15.23% away from its SMA20, SMA50, and SMA200 respectively, with the JOBY price moving below the 50-day SMA on January 23. Joby Aviation Inc. (JOBY) stock is down -2.38% over the week and 19.13% over the past month. Its price is 22.69% year-to-date and -15.78% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2022, with the company’s earnings per share (EPS) of -$0.09 above consensus estimates by $0.05. The company’s next earnings report is expected on 05/11/2023, with forecasts estimating quarterly EPS at -$0.15 and -$0.52 for whole year. JOBY’s earnings per share are forecast to grow by 14.80% this year and -17.30% over next year.
Its 12-month price target is $6.00. To reach the target analysts have set, the stock logically needs to grow 43.7 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $4.50, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $11.00.
Outstanding shares total 583.97M with insiders holding 42.99% of the shares and institutional holders owning 29.10% of the company’s common stock. The company has a return on equity of -15.00%. Price to book ratio is 2.07.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has added its position in Joby Aviation Inc. (JOBY) to 7,648,252 shares, mirroring a recent increase by 20.26%. Vanguard Total Stock Market Index added 1.29 million shares of Joby Aviation Inc. common stock bringing its total worth to about $25.62 million at the end of recent close, SEC documents show. Vanguard Small Cap Index Fund raise their holdings by 16.94% in the company over the course of the most recent quarter. It now holds a 1.03% position in Joby Aviation Inc. thanks to 6.41 million shares amounting to $21.47 million.
