The price of Joby Aviation Inc (NYSE:JOBY) shares last traded on Wall Street rose 6.13% to $5.19.
JOBY stock price is now 1.57% away from the 50-day moving average and -15.25% away from the 200-day moving average. The market capitalization of the company currently stands at $3.67B.
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With the price target maintained at $5, JP Morgan recently Upgraded its rating from Underweight to Neutral for Joby Aviation Inc (NYSE: JOBY). On July 19, 2023, JP Morgan Downgraded its previous ‘Neutral’ rating to ‘Underweight’ on the stock increasing its target price from $5 to quote $6, while ‘Canaccord Genuity’ rates the stock as ‘Buy’
In other news, DeHoff Kate, insider sold 12,500 shares of the company’s stock on May 03 ’24. The stock was sold for $68,750 at an average price of $5.50. Upon completion of the transaction, the insider now directly owns 184,567 shares in the company, valued at $0.96 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 03 ’24, President of Aircraft OEM Papadopoulos Didier sold 2,587 shares of the business’s stock. A total of $14,228 was realized by selling the stock at an average price of $5.50. This leaves the insider owning 73,697 shares of the company worth $0.38 million. A total of 46.86% of the company’s stock is owned by insiders.
During the past 12 months, Joby Aviation Inc has had a low of $4.30 and a high of $11.98. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 24.89, and a quick ratio of 24.89.
According to the Airports & Air Services Company, earnings per share came in at -0.45, missing analysts’ expectations of -0.15 by -0.3. This compares to -$0.19 EPS in the same period last year. The net profit margin was -46759.13% and return on equity was -48.35% for JOBY. For the current quarter, analysts expect JOBY to generate $250k in revenue.
