As of Thursday close, Joby Aviation Inc.’s (NYSE:JOBY) stock was up $0.02, moving up 0.27 percent to $7.45. The average number of shares traded per day over the past five days has been 3,548,380 shares. 5 times new highs have been achieved over the past 5 days, with a $0.48 gain in that time frame. In the last twenty days, the average volume was 4,538,740, while in the previous 50 days, it was 11,021,988.
Since last month, JOBY stock retreated -10.13%. Shares of the company fell to $6.80 on 08/25/23, the lowest level in the past month. A 52-week high of $11.98 was reached on 06/29/23 after having rallying from a 52-week low of $3.15. Since the beginning of this year, JOBY’s stock price has risen by 122.39% or $4.10, and marked a new high 27 times. However, the stock has declined by -37.81% since its 52-week high.
JOBY stock investors should be aware that Joby Aviation Inc. (JOBY) stock had its last reported insider trading activity 9 days ago on Aug 23. Bowles Gregory, the of the company, disposed of 7,749 shares for $7.28 on Aug 23. It resulted in a $56,413 divestment by the insider. Bowles Gregory sold 3,407 shares at an average price of $7.14 on Aug 22. The insider now owns 22,994 shares following the transaction. On Aug 04, Field Matthew sold 52,250 shares at $8.23 apiece. The transaction was valued at $430,018.
Financial Health
In the three months ended June 29, Joby Aviation Inc.’s quick ratio stood at 27.80, while its current ratio was 27.80, 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 higher net income in the recent quarter than it did in the previous quarter. While analysts expected Joby Aviation Inc. to report -$0.15 quarterly earnings, the actual figure was -$0.45 per share. During the quarter, the company generated -$108.51 million in EBITDA. The liabilities of Joby Aviation Inc. were 342.15 million at the end of its most recent quarter ended June 29, and its total debt was $25.8 million. The value of shareholders’ equity is $693.8 million.
Technical Picture
This quick technical analysis looks at Joby Aviation Inc.’s (JOBY) price momentum. With a historical volatility rate of 42.34%, the RSI 9-day stood at 49.71% on 31 August.
With respect to its five-day moving average, the current Joby Aviation Inc. price is up by +6.89% percent or $0.48. At present, JOBY shares trade -9.59% below its 20-day simple moving average and +72.06% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.60% above its SMA50 and +65.56% above its SMA200.
Stochastic coefficient K was 56.43% and Stochastic coefficient D was 42.67%, while ATR was 0.38. Given the Stochastic reading of 63.73% for the 14-day period, the RSI (14) reading has been calculated as 46.57%. As of today, the MACD Oscillator reading stands at 0.24, while the 14-day reading stands at 0.20.
Analyst Ratings
Joby Aviation Inc. downgraded its rating on Joby Aviation Inc. (NYSE: JOBY) to an Underweight in a note to investors on July 19, 2023. The analysts firm previously had a Neutral rating on the stock.Joby Aviation Inc. (JOBY) has been rated Hold by analysts. According to 2 brokerage firms, 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 3 recommending it as overweight.
With a median target price of $8.50, the current consensus forecast for the stock is $6.00 – $11.00. Based on these forecasts, analysts predict Joby Aviation Inc. (JOBY) will achieve an average price target of $8.33.
