A share price of Joby Aviation Inc [JOBY] is currently trading at $7.94, down -3.64%. An important factor to consider is whether the stock is rising or falling in short-term value.
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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.
Joby Aviation Inc experienced fluctuations in its stock price throughout the past year between $4.50 and $9.33. 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 $7.94 at the most recent close of the market. An investor can expect a potential return of 24.43% 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 7.47 points at the first support level, and at 7.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.74, and for the 2nd resistance point, it is at 9.55.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Joby Aviation Inc [NYSE:JOBY] is 16.12. On the other hand, the Quick Ratio is 16.12, and the Cash Ratio is 3.33. Considering the valuation of this stock, the price to sales ratio is 5472.77, the price to book ratio is 7.29.
Transactions by insiders
Recent insider trading involved Papadopoulos Didier, President of Aircraft OEM, that happened on Dec 16 ’24 when 6005.0 shares were sold. President of Aircraft OEM, Papadopoulos Didier completed a deal on Dec 17 ’24 to sell 3382.0 shares. Meanwhile, Officer DIDIER PAPADOPOULOS bought 3382.0 shares on Dec 17 ’24.
