Joby Aviation Inc [JOBY] stock prices are down -0.73% to $5.42 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The JOBY shares have gain 5.45% over the last week, with a monthly amount drifted -8.60%, and not seem to be holding up well over a long-time horizon.
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On 5, March 2024, Joby Acquires Facility in Ohio, Begins Hiring to Support Initial Manufacturing Operations. In a post published today on Yahoo Finance, .
From an analyst’s perspective:
Joby Aviation Inc [NYSE: JOBY] stock has seen the most recent analyst activity on July 19, 2023, when JP Morgan downgraded its rating to a Underweight and also boosted its price target to $6 from $5. Previously, Canaccord Genuity started tracking the stock with Buy rating on June 09, 2023, and set its price target to $8. On March 07, 2023, downgrade downgraded it’s rating to Sell and revised its price target to $4 on the stock. Raymond James started tracking the stock assigning a Mkt Perform rating. JP Morgan initiated its recommendation with a Neutral and recommended $7 as its price target on April 28, 2022. Deutsche Bank started tracking with a Hold rating for this stock on April 11, 2022, and assigned it a price target of $8. In a note dated April 05, 2022, Cantor Fitzgerald initiated an Overweight rating and provided a target price of $10 on this stock.
The stock price of Joby Aviation Inc [JOBY] has been fluctuating between $3.68 and $11.98 over the past year. Currently, Wall Street analysts expect the stock to reach $6 within the next 12 months. Joby Aviation Inc [NYSE: JOBY] shares were valued at $5.42 at the most recent close of the market. An investor can expect a potential return of 10.7% based on the average JOBY price forecast.
Analyzing the JOBY fundamentals
Gross Profit Margin for this corporation currently stands at -28.74% with Operating Profit Margin at -875.45%, Pretax Profit Margin comes in at -497.01%, and Net Profit Margin reading is -497.14%. To continue investigating profitability, this company’s Return on Assets is posted at -0.4, Equity is -0.48 and Total Capital is -0.74. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.03.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.34 points at the first support level, and at 5.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.51, and for the 2nd resistance point, it is at 5.59.
Joby Aviation Inc [JOBY] reported earnings per share of -$0.17 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.18/share, meaning a difference of $0.01 and a surprise factor of 5.60%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0 per share as compared to estimates of -$0.18 per share, a difference of $0.18 representing a surprise of 100.00%.
Ratios To Look Out For
It’s worth pointing out that Joby Aviation Inc [NYSE:JOBY]’s Current Ratio is 23.39. Also, the Quick Ratio is 23.39, while the Cash Ratio stands at 4.52. Considering the valuation of this stock, the price to sales ratio is 3698.54, the price to book ratio is 3.66.
Transactions by insiders
Recent insider trading involved Field Matthew,, that happened on Mar 01 ’24 when 12500.0 shares were sold. President of Aircraft OEM, Papadopoulos Didier completed a deal on Feb 14 ’24 to sell 6437.0 shares. Meanwhile, CEO and Chief Architect Bevirt JoeBen sold 5757.0 shares on Feb 14 ’24.
