The stock of Joby Aviation Inc (NYSE:JOBY) last traded at $4.80, down -4.00% from the previous session.
JOBY stock price is now -3.51% away from the 50-day moving average and -16.41% away from the 200-day moving average. The market capitalization of the company currently stands at $3.40B.
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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, Papadopoulos Didier, President of Aircraft OEM sold 3,267 shares of the company’s stock on Jun 18 ’24. The stock was sold for $16,074 at an average price of $4.92. Upon completion of the transaction, the President of Aircraft OEM now directly owns 77,854 shares in the company, valued at $0.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 17 ’24, President of Aircraft OEM Papadopoulos Didier sold 4,217 shares of the business’s stock. A total of $20,790 was realized by selling the stock at an average price of $4.93. This leaves the insider owning 81,121 shares of the company worth $0.39 million. A total of 46.64% 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 $4.972 and a two-hundred day moving average price translates $5.7296 for the stock.
The latest earnings results from Joby Aviation Inc (NYSE: JOBY) was released for 2024-03-31. The net profit margin was -46759.13% and return on equity was -48.35% for JOBY.
