Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of Joby Aviation Inc (NYSE: JOBY) was $4.89 for the day, down -8.94% from the previous closing price of $5.37. In other words, the price has decreased by -$8.94 from its previous closing price. On the day, 8.47 million shares were traded. JOBY stock price reached its highest trading level at $5.345 during the session, while it also had its lowest trading level at $4.85.
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 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:
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 May 03 ’24 when DeHoff Kate sold 12,500 shares for $5.50 per share. The transaction valued at 68,750 led to the insider holds 184,567 shares of the business.
Papadopoulos Didier sold 2,587 shares of JOBY for $14,228 on May 03 ’24. The President of Aircraft OEM now owns 73,697 shares after completing the transaction at $5.50 per share. On Apr 18 ’24, another insider, Papadopoulos Didier, who serves as the President of Aircraft OEM of the company, sold 6,091 shares for $4.64 each. As a result, the insider received 28,262 and left with 76,284 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 3455577088 and an Enterprise Value of 2768115200. For the stock, the TTM Price-to-Sale (P/S) ratio is 3259.97 while its Price-to-Book (P/B) ratio in mrq is 3.54. Its current Enterprise Value per Revenue stands at 2618.841 whereas that against EBITDA is -5.692.
Stock Price History:
The Beta on a monthly basis for JOBY is 2.04, which has changed by 0.19866073 over the last 52 weeks, in comparison to a change of 0.2537824 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 $4.25. The 50-Day Moving Average of the stock is -4.60%, while the 200-Day Moving Average is calculated to be -20.36%.
Shares Statistics:
JOBY traded an average of 5.07M shares per day over the past three months and 4727320 shares per day over the past ten days. A total of 698.26M shares are outstanding, with a floating share count of 375.52M. Insiders hold about 46.86% of the company’s shares, while institutions hold 30.99% stake in the company. Shares short for JOBY as of 1713139200 were 76834912 with a Short Ratio of 15.15, compared to 1710460800 on 73844834. Therefore, it implies a Short% of Shares Outstanding of 76834912 and a Short% of Float of 19.229999.
Earnings Estimates
The current rating of Joby Aviation Inc (JOBY) reflects the combined expertise of 4.0 analysts actively engaged in assessing its market performance.On average, analysts expect EPS of -$0.18 for the current quarter, with a high estimate of -$0.17 and a low estimate of -$0.19, while EPS last year was -$0.45. The consensus estimate for the next quarter is -$0.19, with high estimates of -$0.18 and low estimates of -$0.2.
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 -$0.76, with 5.0 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 $4M, while the lowest revenue estimate was $2M, resulting in an average revenue estimate of $2.7M. In the same quarter a year ago, actual revenue was $1.23MBased on 5 analysts’ estimates, the company’s revenue will be $43.35M in the next fiscal year. The high estimate is $54M and the low estimate is $23.2M.
