The price of Joby Aviation Inc (NYSE: JOBY) closed at $5.03 in the last session, down -1.76% from day before closing price of $5.12. In other words, the price has decreased by -$0.09 from its previous closing price. On the day, 4493382 shares were traded.
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 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:
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 Mar 18 ’24 when Papadopoulos Didier sold 3,267 shares for $5.13 per share. The transaction valued at 16,760 led to the insider holds 49,623 shares of the business.
Sciarra Paul Cahill sold 202,080 shares of JOBY for $1,024,546 on Mar 15 ’24. The Director now owns 59,994,725 shares after completing the transaction at $5.07 per share. On Mar 15 ’24, another insider, Papadopoulos Didier, who serves as the President of Aircraft OEM of the company, sold 4,217 shares for $5.12 each. As a result, the insider received 21,591 and left with 52,890 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 3.60B and an Enterprise Value of 2.60B. For the stock, the TTM Price-to-Sale (P/S) ratio is 3432.41 while its Price-to-Book (P/B) ratio in mrq is 3.40. Its current Enterprise Value per Revenue stands at 2.52k whereas that against EBITDA is -5.88.
Stock Price History:
The Beta on a monthly basis for JOBY is 2.08, which has changed by 31.33% over the last 52 weeks, in comparison to a change of 31.54% 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 $3.72. The 50-Day Moving Average of the stock is 5.69, while the 200-Day Moving Average is calculated to be 6.69.
Shares Statistics:
According to the various share statistics, JOBY traded on average about 5.04M shares per day over the past 3-months and 5.62M shares per day over the past 10 days. A total of 698.26M shares are outstanding, with a floating share count of 373.29M. Insiders hold about 46.89% of the company’s shares, while institutions hold 30.73% stake in the company. Shares short for JOBY as of Feb 29, 2024 were 70.68M with a Short Ratio of 14.03, compared to 74.14M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 10.06% and a Short% of Float of 18.03%.
Earnings Estimates
The company has 3 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.17 for the current quarter, with a high estimate of -$0.14 and a low estimate of -$0.19, while EPS last year was -$0.19. The consensus estimate for the next quarter is -$0.18, with high estimates of -$0.17 and low estimates of -$0.19.
Analysts are recommending an EPS of between -$0.65 and -$0.8 for the fiscal current year, implying an average EPS of -$0.74. EPS for the following year is -$0.75, with 5 analysts recommending between -$0.46 and -$1.01.
Revenue Estimates
A total of 5 analysts have provided revenue estimates for JOBY’s current fiscal year. The highest revenue estimate was $5M, while the lowest revenue estimate was $2M, resulting in an average revenue estimate of $3.1M. In the same quarter a year ago, actual revenue was $1.23M, up 151.60% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $52.75M in the next fiscal year. The high estimate is $97M and the low estimate is $23.2M. The average revenue growth estimate for next year is up 1,601.60% from the average revenue estimate for this year.
