Joby Aviation Inc (NYSE:JOBY) finished Friday with an addition of $0.04 to close at $6.45, an upside of 0.62 percent. An average of 7,071,200 shares of common stock have been traded in the last five days. There was a gain of $0.23 in the past week, and it reached a new high 22 times over the past 12 months. The last 20 days have seen an average of 5,370,765 shares traded, while the 50-day average volume stands at 5,474,378.
JOBY stock has decreased by -13.19% in the last month. The company shares reached their 1-month lowest point of $6.16 on 09/26/23. 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 92.54% or $3.10 in price. In spite of this, the price is down -46.16% from the 52-week high.
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Insider Transactions
JOBY stock investors should be aware that Joby Aviation Inc (JOBY) stock had its last reported insider trading activity 12 days ago on Sep 18. In this transaction, the insider spent $24,267. Head of Aircraft OEM, Papadopoulos Didier, disposed of 5,968 shares at a price of $6.72 on Sep 15. The insider now owns more than $40,105 worth of shares. Prior to that, Bowles Gregory went on to Sale 7,749 shares at $7.28 each on Aug 23. An amount of $56,413 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 4.12.
Financial Health
The quick ratio of Joby Aviation Inc for the three months ended June 29 was 27.78, and the current ratio was 27.78, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.02 and a total debt to equity ratio of 0.02 for the quarter ending June 29. Its gross profit as reported stood at $0.12 million compared to revenue of $392.2 million.
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%. The analyst consensus anticipated Joby Aviation Inc’s latest quarter earnings to come in at -$0.15 per share, but it turned out to be -$0.45, a -200.00% surprise. For the quarter, EBITDA amounted to -$108.51 million. 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 29 September was 41.77%, suggesting the stock is Neutral, with historical volatility in this time frame at 55.24%.
As of today, JOBY’s price is $6.40 +3.70% or $0.23 from its 5-day moving average. JOBY is currently trading -13.42% lower than its 20-day SMA and +47.60% higher than its 100-day SMA. However, the stock’s current price level is -25.95% below the SMA50 and +74.80% above the SMA200.
The stochastic %K and %D were 22.66% and 18.40%, respectively, and the average true range (ATR) was 0.35. With the 14-day stochastic at 25.22% and the average true range at 0.36, the RSI (14) stands at 40.48%. The stock has reached 0.01 on the 9-day MACD Oscillator while the 14-day reading was at -0.13.
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.
