Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
In the latest session, Joby Aviation Inc (NYSE: JOBY) closed at $5.22 up 3.37% from its previous closing price of $5.05. In other words, the price has increased by $3.37 from its previous closing price. On the day, 4.78 million shares were traded. JOBY stock price reached its highest trading level at $5.465 during the session, while it also had its lowest trading level at $4.99.
Ratios:
For a deeper understanding of Joby Aviation Inc’s stock, let’s take a closer look at its various ratios. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 3688775680 and an Enterprise Value of 2673332992. For the stock, the TTM Price-to-Sale (P/S) ratio is 3562.07 while its Price-to-Book (P/B) ratio in mrq is 3.52. Its current Enterprise Value per Revenue stands at 2590.439 whereas that against EBITDA is -6.054.
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 $3.99. The 50-Day Moving Average of the stock is 1.15%, while the 200-Day Moving Average is calculated to be -16.27%.
Shares Statistics:
For the past three months, JOBY has traded an average of 5.05M shares per day and 4611080 over the past ten days. A total of 698.26M shares are outstanding, with a floating share count of 373.56M. Insiders hold about 46.85% of the company’s shares, while institutions hold 31.55% stake in the company. Shares short for JOBY as of 1713139200 were 76834912 with a Short Ratio of 15.22, compared to 1710460800 on 73844834. Therefore, it implies a Short% of Shares Outstanding of 76834912 and a Short% of Float of 19.600001.
