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The closing price of Joby Aviation Inc (NYSE: JOBY) was $4.57 for the day, down -0.87% from the previous closing price of $4.61. In other words, the price has decreased by -$0.87 from its previous closing price. On the day, 3.78 million shares were traded. JOBY stock price reached its highest trading level at $4.7 during the session, while it also had its lowest trading level at $4.54.
Ratios:
Our analysis of JOBY’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 23.39 and its Current Ratio is at 23.39. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.03.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, JP Morgan on July 19, 2023, Downgraded its rating to Underweight and sets its target price to $6 from $5 previously.
On June 09, 2023, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $8.
Deutsche Bank Downgraded its Hold to Sell on March 07, 2023, whereas the target price for the stock was revised from $6 to $4.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Apr 18 ’24 when Papadopoulos Didier sold 6,091 shares for $4.64 per share. The transaction valued at 28,262 led to the insider holds 76,284 shares of the business.
Bevirt JoeBen sold 5,448 shares of JOBY for $25,279 on Apr 18 ’24. The CEO and Chief Architect now owns 662,605 shares after completing the transaction at $4.64 per share. On Apr 18 ’24, another insider, Simi Bonny W, who serves as the President of Operations of the company, sold 5,243 shares for $4.64 each. As a result, the insider received 24,328 and left with 148,566 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 3212056832 and an Enterprise Value of 2216475904. For the stock, the TTM Price-to-Sale (P/S) ratio is 3118.51 while its Price-to-Book (P/B) ratio in mrq is 3.09. Its current Enterprise Value per Revenue stands at 2147.748 whereas that against EBITDA is -5.019.
Stock Price History:
Over the past 52 weeks, JOBY has reached a high of $11.98, while it has fallen to a 52-week low of $3.72. The 50-Day Moving Average of the stock is -14.77%, while the 200-Day Moving Average is calculated to be -29.33%.
Shares Statistics:
JOBY traded an average of 5.06M shares per day over the past three months and 3707700 shares per day over the past ten days. A total of 698.26M shares are outstanding, with a floating share count of 373.60M. Insiders hold about 46.85% of the company’s shares, while institutions hold 31.12% stake in the company. Shares short for JOBY as of 1711584000 were 76905381 with a Short Ratio of 15.19, compared to 1709164800 on 70676471. Therefore, it implies a Short% of Shares Outstanding of 76905381 and a Short% of Float of 19.620001000000002.
Earnings Estimates
The stock of Joby Aviation Inc (JOBY) is currently in the spotlight, with Joby Aviation, Inc. analysts actively rating and assessing its market standing.
