Joby Aviation Inc. (NYSE:JOBY) saw a downside of -0.28% to close Monday at $7.10 after subtracting -$0.02 on the day. The 5-day average trading volume is 5,057,480 shares of the company’s common stock. It has gained $7.77 in the past week and touched a new high 1 time within the past 5 days. An average of 6,175,585 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 11,799,952.
JOBY’s 1-month performance is -14.04% or -$1.16 on its low of $6.81 reached on 08/18/23. The company’s shares have touched a 52-week low of $3.15 and high of $11.98, with the stock’s rally to the 52-week high happening on 06/29/23. YTD, JOBY has achieved 111.94% or $3.75 and has reached a new high 27 times. However, the current price is down -40.73% from the 52-week high price.
Insider Transactions
JOBY stock investors last saw insider trading activity on Aug 04.Field Matthew () most recently sold 52,250 shares at $8.23 per share on Aug 04. This transaction cost the insider $430,018., DeHoff Kate, sold 10,432 shares at a price of $9.95 on Jul 14. Then, on Jul 13, Head of Product Allison Eric sold 21,101 shares at a price of $10.70 per share. This transaction amounted to $225,781.
Valuation Metrics
JOBY stock has a beta of 2.13. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 4.18.
Joby Aviation Inc.’s quick ratio for the period ended June 29 was 27.80, with the current ratio over the same period at 27.80. The firm’s gross profit as reported stood at $0.12 million against revenue of $392.2 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 82.67% to -$286.08 million, while revenue of -$113.39 million was 60.36% off the previous quarter. Analysts expected JOBY to announce -$0.15 per share in earnings in its latest quarter, but it posted -$0.45, representing a -200.00% surprise. EBITDA for the quarter stood at more than -$108.51 million. JOBY stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 342.15 million, with total debt at $25.8 million. Shareholders hold equity totaling $693.8 million.
Let’s look briefly at Joby Aviation Inc. (JOBY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 28.69% to suggest the stock is trending oversold, with historical volatility in this time period at 31.47%.
The stock’s 5-day moving average is $7.20, reflecting a -7.67% or -$0.59 change from its current price. JOBY is currently trading -13.52% above its 20-day SMA, +86.35% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +13.42% and SMA200 by+50.11%.
Stochastic %K and %D was 12.01% and 8.44% and the average true range (ATR) pointed at 0.45. The RSI (14) points at 36.54%, while the 14-day stochastic is at 18.01% with the period’s ATR at 0.51. The stock’s 9-day MACD Oscillator is pointing at -0.38 and -0.65 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Joby Aviation Inc. (NYSE: JOBY), JP Morgan downgraded it to an Underweight rating. They previously had a Neutral rating on the stock. Analysts offering their rating for JOBY stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate JOBY as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is JOBY’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $6.00 and a high of $11.00, with their median price target at $8.50. Looking at these predictions, the average price target given by analysts is for Joby Aviation Inc. (JOBY) stock is $8.33.
