At the time of writing, Joby Aviation Inc [JOBY] stock is trading at $9.83, up 0.61%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The JOBY shares have gain 10.08% over the last week, with a monthly amount glided 21.21%, 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.
For the past year, the stock price of Joby Aviation Inc fluctuated between $4.50 and $9.82. 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 $9.83 at the most recent close of the market. An investor can expect a potential return of 0.51% 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 9.58 points at the first support level, and at 9.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.07, and for the 2nd resistance point, it is at 10.30.
Ratios To Look Out For
It is important to note that Joby Aviation Inc [NYSE:JOBY] has a current ratio of 16.12. Further, the Quick Ratio stands at 16.12, while the Cash Ratio is 3.33. Considering the valuation of this stock, the price to sales ratio is 8182.52, the price to book ratio is 9.03.
Transactions by insiders
Recent insider trading involved Matthew Field, Former Officer, that happened on Jan 06 ’25 when 7852.0 shares were purchased. Director, JOEBEN BEVIRT 2020 DESCENDANTS completed a deal on Jan 06 ’25 to buy 50000.0 shares. Meanwhile, Director THE JOBY TRUST bought 0.2 million shares on Jan 06 ’25.
