Analyzing Ratios: Joby Aviation Inc (JOBY)’s Financial Story Unveiled

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The price of Joby Aviation Inc (NYSE: JOBY) closed at $5.05 in the last session, down -0.20% from day before closing price of $5.06. In other words, the price has decreased by -$0.20 from its previous closing price. On the day, 4.4 million shares were traded. JOBY stock price reached its highest trading level at $5.26 during the session, while it also had its lowest trading level at $5.03.

Ratios:

We take a closer look at JOBY’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 24.89 and its Current Ratio is at 24.89. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.03.

On July 19, 2023, JP Morgan Downgraded its rating to Underweight which previously was Neutral and also upped its target price recommendation from $5 to $6.

On June 09, 2023, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $8.Canaccord Genuity initiated its Buy rating on June 09, 2023, with a $8 target price.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 03 ’24 when DeHoff Kate sold 12,500 shares for $5.50 per share. The transaction valued at 68,750 led to the insider holds 184,567 shares of the business.

Papadopoulos Didier sold 2,587 shares of JOBY for $14,228 on May 03 ’24. The President of Aircraft OEM now owns 73,697 shares after completing the transaction at $5.50 per share. On Apr 18 ’24, another insider, Papadopoulos Didier, who serves as the President of Aircraft OEM of the company, sold 6,091 shares for $4.64 each. As a result, the insider received 28,262 and left with 76,284 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, JOBY now has a Market Capitalization of 3577627392 and an Enterprise Value of 2689262592. For the stock, the TTM Price-to-Sale (P/S) ratio is 3375.12 while its Price-to-Book (P/B) ratio in mrq is 3.65. Its current Enterprise Value per Revenue stands at 2544.241 whereas that against EBITDA is -5.53.

Stock Price History:

The Beta on a monthly basis for JOBY is 2.02, which has changed by 0.034836054 over the last 52 weeks, in comparison to a change of 0.2704494 over the same period for the S&P500. Over the past 52 weeks, JOBY has reached a high of $11.98, while it has fallen to a 52-week low of $4.50. The 50-Day Moving Average of the stock is -0.83%, while the 200-Day Moving Average is calculated to be -17.13%.

Shares Statistics:

According to the various share statistics, JOBY traded on average about 5.13M shares per day over the past 3-months and 4701320 shares per day over the past 10 days. A total of 698.26M shares are outstanding, with a floating share count of 376.48M. Insiders hold about 46.86% of the company’s shares, while institutions hold 31.07% stake in the company. Shares short for JOBY as of 1714435200 were 78966932 with a Short Ratio of 15.39, compared to 1711584000 on 76905381. Therefore, it implies a Short% of Shares Outstanding of 78966932 and a Short% of Float of 19.759999999999998.

Earnings Estimates

The current rating of Joby Aviation Inc (JOBY) reflects the combined expertise of 4.0 analysts actively engaged in assessing its market performance.On average, analysts expect EPS of -$0.18 for the current quarter, with a high estimate of -$0.17 and a low estimate of -$0.19, while EPS last year was -$0.45. The consensus estimate for the next quarter is -$0.18, with high estimates of -$0.18 and low estimates of -$0.19.

Analysts are recommending an EPS of between -$0.65 and -$0.81 for the fiscal current year, implying an average EPS of -$0.74. EPS for the following year is -$0.75, with 5.0 analysts recommending between -$0.46 and -$1.03.

Revenue Estimates

Based on 4 analysts’ estimates, the company’s revenue will be $41.14M in the next fiscal year. The high estimate is $54M and the low estimate is $23.2M.

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