The stock of Joby Aviation Inc. (NYSE:JOBY) increased by $0.02 on Monday to finish at $7.69, up 0.26 percent. The last five days have seen an average of 5,315,200 shares of common stock traded. 27 times new highs were reached in the current year, with a gain of $4.34. The average number of shares traded over the last 20 days was 8,646,180, while the average volume over the last 50 days totaled 11,917,150.
JOBY stock dropped -21.93% since last month. On 08/14/23, the company’s shares reached a one-month low of $7.47. The stock touched a high of $11.98 on 06/29/23, after rallying from a low of $3.15 in 52 weeks. The price of JOBY stock has risen by 129.55% or $4.34 this year, reaching a new high 27 times. Still, the stock price is down -35.81% from the 52-week high.
Insider Transactions
JOBY stock investors should be aware that Joby Aviation Inc. (JOBY) stock had its last reported insider trading activity 11 days ago on Aug 04. On Aug 04, Field Matthew sold 52,250 shares at $8.23 each. This transaction resulted in the insider making $430,018. On Jul 14, DeHoff Kate sold 10,432 shares at a price of US$9.95. After the transaction, the insider now owns 155,885 shares. Head of Product Allison Eric had earlier sold 21,101 shares on Jul 13 for $10.70 a share. The transaction was completed for $225,781.
Financial Health
For the three months ended June 29, Joby Aviation Inc.’s quick ratio was 27.80, while its current ratio was 27.80, indicating its ability to pay off its debt. Based on annual data, it had gross profit of $0.12 million and revenue of $392.2 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. JOBY’s return on assets (ROA) during the last 12 months has been -41.90%. In the meantime, the return on equity (ROE) for the last 12 months was -48.70%.
Earnings Surprise
According to Joby Aviation Inc.’s quarterly financial report for the quarter that ended June 29, it had $812.09 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Joby Aviation Inc.’s quarterly earnings would be -$0.45, but it ended up being -$0.15. EBITDA was -$108.51 million for the quarter. At the end of Joby Aviation Inc.’s most recent quarter ended June 29, its liabilities totaled 342.15 million, while its total debt was $25.8 million. Equity owned by shareholders amounts to $693.8 million.
Technical Picture
Here’s a quick look at Joby Aviation Inc.’s (JOBY) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 35.85%, suggesting the stock is Neutral, with a 31.41% historical volatility rate.
The stochastic %K and %D were 12.98% and 18.53% respectively, while the average true range (ATR) was 0.52. Based on the 14-day stochastic reading of 14.52%, the RSI (14) reading is 42.03%. On the 9-day MACD Oscillator, the stock is at -0.28, and the 14-day reading is at -0.39.
Analyst Ratings
Joby Aviation Inc. (NYSE: JOBY) was downgraded by JP Morgan to a an Underweight rating in its latest research report. The stock was previously rated as a a Neutral.
What is JOBY’s price target for the next 12 months?
The current consensus forecast for the stock is between $6.00 and $11.00, with a median target price of $8.50. In analyzing these forecasts, the average price target given by analysts for Joby Aviation Inc. (JOBY) is $8.33.
