At the last check on Friday, Joby Aviation Inc.’s (NYSE: JOBY) stock was up $0.02, moving up 0.33 percent to $5.47. The average number of shares traded per day over the past five days has been 4,266,379 shares. 2 times new highs have been achieved over the past 5 days, with a $0.43 gain in that time frame. In the last twenty days, the average volume was 4,806,720, while in the previous 50 days, it was 3,256,266.
Since last month, JOBY stock rose 38.09%. Shares of the company fell to $3.83 on 04/27/23, the lowest level in the past month. A 52-week high of $7.15 was reached on 05/19/23 after having rallied from a 52-week low of $3.15. Since the beginning of this year, JOBY’s stock price has risen by 63.23% or $2.20 and marked a new high 15 times. However, the stock has declined by -23.52% since its 52-week high.
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Sponsored
JOBY stock investors should be aware that Joby Aviation Inc. (JOBY) stock had its last reported insider trading activity 2 days ago on May 24. Bowles Gregory disposed of 7,746 shares for $5.36 on May 24. It resulted in a $41,519 divestment by the insider. Bowles Gregory sold 3,410 shares at an average price of $5.13 on May 22. The insider now owns 22,991 shares following the transaction. On May 18, DeHoff Kate sold 28,404 shares at $5.50 apiece. The transaction was valued at $156,222.
Financial Health
In the three months that ended March 30, Joby Aviation Inc.’s quick ratio stood at 33.40, while its current ratio was 33.40, showing that the company is able to pay off its debt. Based on annual data, JOBY earned $0.12 million in gross profit and brought in $392.2 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 -$0.14 quarterly earnings, the actual figure was -$0.19 per share, beating the consensus estimate by -35.70%. During the quarter, the company generated -$92.65 million in EBITDA. The liabilities of Joby Aviation Inc. were 149.23 million at the end of its most recent quarter ended March 30, and its total debt was $26.23 million. The value of shareholders’ equity is $630.98 million.
Technical Picture
This quick technical analysis looks at Joby Aviation Inc.’s (JOBY) price momentum. With a historical volatility rate of 70.52%, the RSI 9-day stood at 69.05% on 25 May.
With respect to its five-day moving average, the current Joby Aviation Inc. price is up by +8.51% percent or $0.43. At present, JOBY shares trade +28.06% above its 20-day simple moving average and +62.13% percent above its 100-day simple moving average. However, the stock is currently trading approximately +38.63% above its SMA50 and -6.96% below its SMA200.
Stochastic coefficient K was 79.15% and Stochastic coefficient D was 79.82%, while ATR was 0.33. Given the Stochastic reading of 83.56% for the 14-day period, the RSI (14) reading has been calculated as 67.46%. As of today, the MACD Oscillator reading stands at 0.12, while the 14-day reading stands at 0.37.
Analyst Ratings
Joby Aviation Inc. (JOBY) has been rated Hold by analysts. According to 1 brokerage firm, JOBY is a sell, and 2 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 $7.00, the current consensus forecast for the stock is $4.00 – $10.00. Based on these forecasts, analysts predict Joby Aviation Inc. (JOBY) will achieve an average price target of $7.00.