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The closing price of Joby Aviation Inc (NYSE: JOBY) was $5.32 for the day, up 3.30% from the previous closing price of $5.15. In other words, the price has increased by $3.30 from its previous closing price. On the day, 6.57 million shares were traded. JOBY stock price reached its highest trading level at $5.35 during the session, while it also had its lowest trading level at $5.05.
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 19.87 and its Current Ratio is at 19.87. 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 this company, H.C. Wainwright on September 03, 2024, initiated with a Buy rating and assigned the stock a target price of $9.
On May 03, 2024, JP Morgan Upgraded its rating to Neutral which previously was Underweight but kept the price unchanged to $5.
JP Morgan Downgraded its Neutral to Underweight on July 19, 2023, whereas the target price for the stock was revised from $5 to $6.
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 Aug 22 ’24 when Bowles Gregory sold 3,412 shares for $5.17 per share. The transaction valued at 17,640 led to the insider holds 38,810 shares of the business.
Gregory Bowles bought 3,412 shares of JOBY for $17,642 on Aug 22 ’24. On Jul 16 ’24, another insider, Papadopoulos Didier, who serves as the President of Aircraft OEM of the company, sold 6,140 shares for $7.50 each. As a result, the insider received 46,050 and left with 41,857 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 3809880832 and an Enterprise Value of 3019465984. For the stock, the TTM Price-to-Sale (P/S) ratio is 3527.65 while its Price-to-Book (P/B) ratio in mrq is 4.25. Its current Enterprise Value per Revenue stands at 2782.918 whereas that against EBITDA is -5.881.
Stock Price History:
Over the past 52 weeks, JOBY has reached a high of $7.69, while it has fallen to a 52-week low of $4.50. The 50-Day Moving Average of the stock is -3.35%, while the 200-Day Moving Average is calculated to be -3.62%.
Shares Statistics:
JOBY traded an average of 6.89M shares per day over the past three months and 5398090 shares per day over the past ten days. A total of 698.26M shares are outstanding, with a floating share count of 391.83M. Insiders hold about 45.29% of the company’s shares, while institutions hold 32.72% stake in the company. Shares short for JOBY as of 1723680000 were 79099723 with a Short Ratio of 11.47, compared to 1721001600 on 72005363. Therefore, it implies a Short% of Shares Outstanding of 79099723 and a Short% of Float of 19.34.
