A share price of Joby Aviation Inc [JOBY] is currently trading at $5.95, up 6.06%. An important factor to consider is whether the stock is rising or falling in short-term value. The JOBY shares have gain 13.98% over the last week, with a monthly amount glided 23.19%, 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.
Joby Aviation Inc experienced fluctuations in its stock price throughout the past year between $4.50 and $7.69. 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 $5.95 at the most recent close of the market. An investor can expect a potential return of 38.66% 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 5.72 points at the first support level, and at 5.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.15, and for the 2nd resistance point, it is at 6.36.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Joby Aviation Inc [NYSE:JOBY] is 19.87. On the other hand, the Quick Ratio is 19.87, and the Cash Ratio is 4.07. Considering the valuation of this stock, the price to sales ratio is 3945.40, the price to book ratio is 4.75.
Transactions by insiders
Recent insider trading involved Matthew Field, Officer, that happened on Oct 04 ’24 when 11764.0 shares were purchased., Bowles Gregory completed a deal on Oct 03 ’24 to sell 8542.0 shares. Meanwhile, Bowles Gregory sold 2911.0 shares on Oct 02 ’24.
