The Insider Activity Of Joby Aviation Inc. (JOBY) Should Not Be Ignored

As of Friday close, Joby Aviation Inc.’s (NYSE:JOBY) stock was down -$0.29, moving down -4.17 percent to $6.67. The average number of shares traded per day over the past five days has been 4,907,960 shares. 5 times new highs have been achieved over the past 5 days, with a $1.13 gain in that time frame. In the last twenty days, the average volume was 3,282,135, while in the previous 50 days, it was 5,278,160.

Since last month, JOBY stock rose 30.78%. Shares of the company fell to $4.85 on 07/11/22, the lowest level in the past month. A 52-week high of $14.33 was reached on 01/03/22 after having rallying from a 52-week low of $3.61. Since the beginning of this year, JOBY’s stock price has dropped by -8.63% or -$0.63, and marked a new high 1 time. However, the stock has declined by -53.45% since its 52-week high.

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Joby Aviation Inc. (JOBY) last reported insider trading activity 16 days ago on Jul 21. Bevirt JoeBen, the CEO and Chief Architect of the company, purchased of 35,000 shares for $5.53 on Jul 21. It resulted in a $193,550 investment by the insider. Lang Justin sold 35,000 shares at an average price of $5.53 on Jul 21. The insider now owns 42,786 shares following the transaction. On May 27, CEO and Chief Architect Bevirt JoeBen bought 55,137 shares at $5.67 apiece. The transaction was valued at $312,627.

Financial Health

In the three months ended March 30, Joby Aviation Inc.’s quick ratio stood at 68.40, while its current ratio was 68.40, showing that the company is able to pay off its debt. Based on annual data, JOBY earned $2.43 million in gross profit and brought in $259.09 million in revenue.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected Joby Aviation Inc. to report -$0.12 quarterly earnings, the actual figure was -$0.14 per share, beating the consensus estimate by -16.70%. During the quarter, the company generated -$89.13 million in EBITDA. The liabilities of Joby Aviation Inc. were 158.86 million at the end of its most recent quarter ended March 30. The value of shareholders’ equity is $606.46 million.

Technical Picture

This quick technical analysis looks at Joby Aviation Inc.’s (JOBY) price momentum. With a historical volatility rate of 74.44%, the RSI 9-day stood at 72.76% on 05 August.

With respect to its five-day moving average, the current Joby Aviation Inc. price is up by +20.40% percent or $1.13. At present, JOBY shares trade +30.53% above its 20-day simple moving average and +56.57% percent above its 100-day simple moving average. However, the stock is currently trading approximately +29.26% above its SMA50 and -25.97% below its SMA200.

Stochastic coefficient K was 90.81% and Stochastic coefficient D was 90.63%, while ATR was 0.37. Given the Stochastic reading of 81.00% for the 14-day period, the RSI (14) reading has been calculated as 69.07%. As of today, the MACD Oscillator reading stands at 0.73, while the 14-day reading stands at 0.88.

Analyst Ratings

Raymond James launched its rating on Joby Aviation Inc. (NYSE: JOBY) to a Mkt perform in a note to investors on July 27, 2022. Joby Aviation Inc. (JOBY) has been rated Overweight by analysts. According to 0 brokerage firms, JOBY is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Joby Aviation Inc. stock as buy, with 2 recommending it as overweight.

With a median target price of $9.00, the current consensus forecast for the stock is $6.00 – $12.00. Based on these forecasts, analysts predict Joby Aviation Inc. (JOBY) will achieve an average price target of $9.00.


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