Joby Aviation Inc [JOBY] stock prices are up 4.05% to $5.14 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 3.21% over the last week, with a monthly amount drifted -14.05%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Joby Aviation Inc [NYSE: JOBY] stock has seen the most recent analyst activity on May 03, 2024, when JP Morgan upgraded its rating to a Neutral but kept the price target unchanged to $5 for it. Previously, JP Morgan downgraded its rating to Underweight on July 19, 2023, and elevated its price target to $6. On June 09, 2023, Canaccord Genuity initiated with a Buy rating and assigned a price target of $8 on the stock. Deutsche Bank downgraded its rating to a Sell and decreased its price target to $4 on March 07, 2023. Raymond James initiated its recommendation with a Mkt Perform. JP Morgan started tracking with a Neutral rating for this stock on April 28, 2022, and assigned it a price target of $7. In a note dated April 11, 2022, Deutsche Bank initiated an Hold rating and provided a target price of $8 on this stock.
The stock price of Joby Aviation Inc [JOBY] has been fluctuating between $4.50 and $7.69 over the past year. Currently, Wall Street analysts expect the stock to reach $7.67 within the next 12 months. Joby Aviation Inc [NYSE: JOBY] shares were valued at $5.14 at the most recent close of the market. An investor can expect a potential return of 49.22% based on the average JOBY price forecast.
Analyzing the JOBY fundamentals
Gross Profit Margin for this corporation currently stands at -29.77% with Operating Profit Margin at -901.35%, Pretax Profit Margin comes in at -305.4%, and Net Profit Margin reading is -305.49%. To continue investigating profitability, this company’s Return on Assets is posted at -0.31, Equity is -0.33 and Total Capital is -0.95. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.
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 4.99 points at the first support level, and at 4.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.30, and for the 2nd resistance point, it is at 5.47.
Ratios To Look Out For
It’s worth pointing out that Joby Aviation Inc [NYSE:JOBY]’s Current Ratio is 19.87. Also, the Quick Ratio is 19.87, while the Cash Ratio stands at 4.07. Considering the valuation of this stock, the price to sales ratio is 3408.30, the price to book ratio is 4.10.
Transactions by insiders
Recent insider trading involved Bowles Gregory, that happened on Aug 22 ’24 when 3412.0 shares were sold. Officer, Gregory Bowles completed a deal on Aug 22 ’24 to buy 3412.0 shares. Meanwhile, President of Aircraft OEM Papadopoulos Didier sold 6140.0 shares on Jul 16 ’24.
