Joby Aviation Inc [JOBY] stock prices are up 27.92% to $6.14 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 21.58% over the last week, with a monthly amount glided 24.80%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Joby Aviation Inc [NYSE: JOBY] stock has seen the most recent analyst activity on September 03, 2024, when H.C. Wainwright initiated its Buy rating and assigned the stock a price target of $9. Previously, JP Morgan upgraded its rating to Neutral on May 03, 2024, and kept the price target unchanged to $5. On July 19, 2023, downgrade downgraded it’s rating to Underweight and revised its price target to $6 on the stock. Canaccord Genuity started tracking the stock assigning a Buy rating and suggested a price target of $8 on June 09, 2023. Deutsche Bank downgraded its rating to a Sell and reduced its price target to $4 on March 07, 2023. In a note dated April 28, 2022, JP Morgan initiated an Neutral rating and provided a target price of $7 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 $8.25 within the next 12 months. Joby Aviation Inc [NYSE: JOBY] shares were valued at $6.14 at the most recent close of the market. An investor can expect a potential return of 34.36% 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. 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 5.45 points at the first support level, and at 4.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.58, and for the 2nd resistance point, it is at 7.01.
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 4071.39, the price to book ratio is 4.90.
Transactions by insiders
Recent insider trading involved Didier Papadopoulos, Officer, that happened on Oct 02 ’24 when 12840.0 shares were purchased. Officer, Matthew Field completed a deal on Oct 02 ’24 to buy 13651.0 shares. Meanwhile, Officer Katherine DeHoff bought 8076.0 shares on Oct 02 ’24.
