Stocks of Joby Aviation Inc (NYSE:JOBY) traded higher last session on Wall Street, down -0.41% to $4.87.
JOBY stock price is now -3.61% away from the 50-day moving average and -18.55% away from the 200-day moving average. The market capitalization of the company currently stands at $3.45B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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, Field Matthew, insider sold 13,953 shares of the company’s stock on May 20 ’24. The stock was sold for $69,207 at an average price of $4.96. Upon completion of the transaction, the insider now directly owns 269,196 shares in the company, valued at $1.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 03 ’24, DeHoff Kate sold 12,500 shares of the business’s stock. A total of $68,750 was realized by selling the stock at an average price of $5.50. This leaves the insider owning 184,567 shares of the company worth $0.9 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 $4.50 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. The fifty day moving average price for JOBY is $5.0526 and a two-hundred day moving average price translates $5.97935 for the stock.
The latest earnings results from Joby Aviation Inc (NYSE: JOBY) was released for 2024-03-31. 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.
