Joby Aviation Inc. (NYSE:JOBY) finished Thursday with a subtraction of -$0.34 to close at $6.97, a downside of -4.65 percent. An average of 4,090,440 shares of common stock have been traded in the last five days. There was a fall of -$0.06 in the past week, and it reached a new high 15 times over the past 12 months. The last 20 days have seen an average of 5,749,825 shares traded, while the 50-day average volume stands at 11,471,714.
JOBY stock has decreased by -12.77% in the last month. The company shares reached their 1-month lowest point of $6.81 on 08/18/23. With the stock rallying to its 52-week high on 06/29/23, shares of the company touched a low of $3.15 and a high of $11.98 in 52 weeks. It has reached a new high 27 times so far this year and achieved 108.06% or $3.62 in price. In spite of this, the price is down -41.82% 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 2 days ago on Aug 23. In this transaction, the insider spent $56,413., Bowles Gregory, disposed of 3,407 shares at a price of $7.14 on Aug 22. The insider now owns more than $24,326 worth of shares. Prior to that, Field Matthew went on to Sale 52,250 shares at $8.23 each on Aug 04. An amount of $430,018 was transacted.
Valuation Metrics
Joby Aviation Inc. (JOBY) stock’s beta is 2.12. Other valuation ratios to consider include the price-to-book (PB) ratio at 4.10.
Financial Health
The quick ratio of Joby Aviation Inc. for the recent quarter was 27.80, and the current ratio was 27.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter. Its gross profit as reported stood at $0.12 million compared to revenue of $392.2 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Joby Aviation Inc.’s return on assets was -41.90%.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$286.08 million in the quarter, while revenues of -$113.39 million were grew 82.67%. Shareholders own equity worth $693.8 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Joby Aviation Inc. (JOBY) price momentum. RSI 9-day as of the close on 24 August was 31.55%, suggesting the stock is Neutral, with historical volatility in this time frame at 37.60%.
As of today, JOBY’s price is $7.11 -0.85% or -$0.06 from its 5-day moving average. JOBY is currently trading -10.53% lower than its 20-day SMA and +60.60% higher than its 100-day SMA. However, the stock’s current price level is -10.76% below the SMA50 and +52.18% above the SMA200.
The stochastic %K and %D were 19.06% and 18.87%, respectively, and the average true range (ATR) was 0.43. With the 14-day stochastic at 10.60% and the average true range at 0.49, the RSI (14) stands at 36.86%. The stock has reached -0.11 on the 9-day MACD Oscillator while the 14-day reading was at -0.38.
Analyst Ratings
JP Morgan downgraded Joby Aviation Inc. (NYSE: JOBY) to a an Underweight rating in its most recent analyst report. Previously, the stock was rated as a Neutral.
