Joby Aviation Inc (JOBY)’s financial ratios: A comprehensive overview

After finishing at $6.15 in the prior trading day, Joby Aviation Inc (NYSE: JOBY) closed at $5.59, down -9.11%. In other words, the price has decreased by -$0.56 from its previous closing price. On the day, 6332187 shares were traded.

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Our goal is to gain a better understanding of JOBY by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 22.78 and its Current Ratio is at 22.78. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.

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.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 06 when Field Matthew sold 21,000 shares for $6.02 per share. The transaction valued at 126,420 led to the insider holds 203,978 shares of the business.

Allison Eric sold 26,932 shares of JOBY for $165,093 on Oct 13. The Head of Product now owns 364,892 shares after completing the transaction at $6.13 per share. On Oct 13, another insider, DeHoff Kate, who serves as the insider of the company, sold 5,637 shares for $6.13 each. As a result, the insider received 34,555 and left with 165,550 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 3.89B and an Enterprise Value of 2.81B.

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 $3.15. The 50-Day Moving Average of the stock is 6.11, while the 200-Day Moving Average is calculated to be 6.05.

Shares Statistics:

The stock has traded on average 5.51M shares per day over the past 3-months and 6.14M shares per day over the last 10 days, according to various share statistics. A total of 622.60M shares are outstanding, with a floating share count of 381.06M. Insiders hold about 45.27% of the company’s shares, while institutions hold 29.83% stake in the company. Shares short for JOBY as of Oct 30, 2023 were 67.24M with a Short Ratio of 67.24M, compared to 59.74M on Sep 28, 2023. Therefore, it implies a Short% of Shares Outstanding of 9.66% and a Short% of Float of 17.45%.

Earnings Estimates

Its stock is currently analyzed by 3 different market analysts. On average, analysts expect EPS of -$0.19 for the current quarter, with a high estimate of -$0.17 and a low estimate of -$0.2, while EPS last year was -$0.11. The consensus estimate for the next quarter is -$0.19, with high estimates of -$0.19 and low estimates of -$0.19.

Analysts are recommending an EPS of between -$0.81 and -$0.82 for the fiscal current year, implying an average EPS of -$0.81. EPS for the following year is -$0.72, with 4 analysts recommending between -$0.49 and -$0.85.

Revenue Estimates

Based on 6 analysts’ estimates, the company’s revenue will be $25M in the next fiscal year. The high estimate is $55M and the low estimate is $5M. The average revenue growth estimate for next year is up 1,983.30% from the average revenue estimate for this year.

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