Joby Aviation Inc [JOBY] stock prices are down -3.51% to $8.53 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The JOBY shares have gain 5.18% over the last week, with a monthly amount glided 67.25%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Joby Aviation Inc [NYSE: JOBY] stock has seen the most recent analyst activity on November 19, 2024, when Needham initiated its Buy rating and assigned the stock a price target of $8. Previously, H.C. Wainwright started tracking the stock with Buy rating on September 03, 2024, and set its price target to $9. On May 03, 2024, upgrade upgraded it’s rating to Neutral but maintained its price target of $5 on the stock. JP Morgan downgraded its rating to a Underweight and increased its price target to $6 on July 19, 2023. Canaccord Genuity initiated its recommendation with a Buy and recommended $8 as its price target on June 09, 2023. Deutsche Bank downgraded its rating to Sell for this stock on March 07, 2023, and downed its price target to $4. In a note dated July 27, 2022, Raymond James initiated an Mkt Perform rating.
The stock price of Joby Aviation Inc [JOBY] has been fluctuating between $4.50 and $9.33 over the past year. Currently, Wall Street analysts expect the stock to reach $9.88 within the next 12 months. Joby Aviation Inc [NYSE: JOBY] shares were valued at $8.53 at the most recent close of the market. An investor can expect a potential return of 15.83% based on the average JOBY price forecast.
Analyzing the JOBY fundamentals
Gross Profit Margin for this corporation currently stands at -21.98% with Operating Profit Margin at -1134.61%, Pretax Profit Margin comes in at -427.89%, and Net Profit Margin reading is -428.45%. To continue investigating profitability, this company’s Return on Assets is posted at -0.49, Equity is -0.52 and Total Capital is -1.37.
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 8.22 points at the first support level, and at 7.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.99, and for the 2nd resistance point, it is at 9.45.
Ratios To Look Out For
It’s worth pointing out that Joby Aviation Inc [NYSE:JOBY]’s Current Ratio is 16.12. As well, the Quick Ratio is 16.12, while the Cash Ratio is 3.33. Considering the valuation of this stock, the price to sales ratio is 6424.51, the price to book ratio is 7.83.
Transactions by insiders
Recent insider trading involved SCIARRA MANAGEMENT TRUST U/A D, Director, that happened on Dec 09 ’24 when 0.33 million shares were purchased., Bowles Gregory completed a deal on Nov 25 ’24 to sell 7748.0 shares. Meanwhile, President of Aircraft OEM Papadopoulos Didier sold 1835.0 shares on Nov 25 ’24.
