Market Update: Joby Aviation Inc (JOBY) Sees Negative Movement, Closing at 4.88

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In the latest session, Joby Aviation Inc (NYSE: JOBY) closed at $4.88 down -2.40% from its previous closing price of $5.00. In other words, the price has decreased by -$2.40 from its previous closing price. On the day, 4.27 million shares were traded. JOBY stock price reached its highest trading level at $5.02 during the session, while it also had its lowest trading level at $4.84.

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 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:

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 May 22 ’24 when Bowles Gregory sold 3,410 shares for $4.85 per share. The transaction valued at 16,538 led to the insider holds 60,940 shares of the business.

Field Matthew sold 13,953 shares of JOBY for $69,207 on May 20 ’24. The insider now owns 269,196 shares after completing the transaction at $4.96 per share. On May 03 ’24, another insider, DeHoff Kate, who serves as the insider of the company, sold 12,500 shares for $5.50 each. As a result, the insider received 68,750 and left with 184,567 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 3457192192 and an Enterprise Value of 2568827648. For the stock, the TTM Price-to-Sale (P/S) ratio is 3261.50 while its Price-to-Book (P/B) ratio in mrq is 3.53. Its current Enterprise Value per Revenue stands at 2430.301 whereas that against EBITDA is -5.282.

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 $4.50. The 50-Day Moving Average of the stock is -1.88%, while the 200-Day Moving Average is calculated to be -15.57%.

Shares Statistics:

For the past three months, JOBY has traded an average of 4.53M shares per day and 3926770 over the past ten days. A total of 698.26M shares are outstanding, with a floating share count of 379.10M. Insiders hold about 46.49% of the company’s shares, while institutions hold 30.85% stake in the company. Shares short for JOBY as of 1715731200 were 77379849 with a Short Ratio of 17.43, compared to 1713139200 on 76834912. Therefore, it implies a Short% of Shares Outstanding of 77379849 and a Short% of Float of 19.28.

Earnings Estimates

Investors are eagerly awaiting the insights provided by 2.0 analysts currently analyzing and rating the stock of Joby Aviation Inc (JOBY).On average, analysts expect EPS of -$0.18 for the current quarter, with a high estimate of -$0.18 and a low estimate of -$0.19, while EPS last year was -$0.45. The consensus estimate for the next quarter is -$0.18, with high estimates of -$0.18 and low estimates of -$0.19.

Analysts are recommending an EPS of between -$0.63 and -$0.81 for the fiscal current year, implying an average EPS of -$0.74. EPS for the following year is -$0.66, with 5.0 analysts recommending between -$0.02 and -$1.03.

Revenue Estimates

Based on 4 analysts’ estimates, the company’s revenue will be $62.55M in the next fiscal year. The high estimate is $134M and the low estimate is $23.2M.

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