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As of close of business last night, Joby Aviation Inc’s stock clocked out at $7.46, up 7.34% from its previous closing price of $6.95. In other words, the price has increased by $7.34 from its previous closing price. On the day, 13.71 million shares were traded. JOBY stock price reached its highest trading level at $7.69 during the session, while it also had its lowest trading level at $6.78.
Ratios:
To gain a deeper understanding of JOBY’s stock, we examine its different ratios. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jul 15 ’24 when Allison Eric sold 24,681 shares for $6.76 per share. The transaction valued at 166,844 led to the insider holds 429,951 shares of the business.
Papadopoulos Didier sold 8,076 shares of JOBY for $56,532 on Jul 15 ’24. The President of Aircraft OEM now owns 47,997 shares after completing the transaction at $7.00 per share. On Jul 15 ’24, another insider, DeHoff Kate, who serves as the insider of the company, sold 5,815 shares for $6.76 each. As a result, the insider received 39,309 and left with 199,413 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 5284969984 and an Enterprise Value of 4396604928. For the stock, the TTM Price-to-Sale (P/S) ratio is 4985.81 while its Price-to-Book (P/B) ratio in mrq is 5.40. Its current Enterprise Value per Revenue stands at 4159.512 whereas that against EBITDA is -9.04.
Stock Price History:
The Beta on a monthly basis for JOBY is 2.06, which has changed by -0.1192444 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, JOBY has reached a high of $10.68, while it has fallen to a 52-week low of $4.50. The 50-Day Moving Average of the stock is 45.23%, while the 200-Day Moving Average is calculated to be 32.93%.
Shares Statistics:
It appears that JOBY traded 5.68M shares on average per day over the past three months and 9283220 shares per day over the past ten days. A total of 698.26M shares are outstanding, with a floating share count of 378.19M. Insiders hold about 46.62% of the company’s shares, while institutions hold 30.88% stake in the company. Shares short for JOBY as of 1719532800 were 72405148 with a Short Ratio of 12.75, compared to 1717113600 on 78981180. Therefore, it implies a Short% of Shares Outstanding of 72405148 and a Short% of Float of 18.040001.
