The price of Joby Aviation Inc (NYSE:JOBY) shares last traded on Wall Street rose 7.34% to $7.46.
JOBY stock price is now 45.23% away from the 50-day moving average and 32.93% away from the 200-day moving average. The market capitalization of the company currently stands at $5.28B.
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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, Allison Eric, Chief Product Officer sold 24,681 shares of the company’s stock on Jul 15 ’24. The stock was sold for $166,844 at an average price of $6.76. Upon completion of the transaction, the Chief Product Officer now directly owns 429,951 shares in the company, valued at $3.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 15 ’24, President of Aircraft OEM Papadopoulos Didier sold 8,076 shares of the business’s stock. A total of $56,532 was realized by selling the stock at an average price of $7.00. This leaves the insider owning 47,997 shares of the company worth $0.36 million. A total of 46.62% 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 $10.68. 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 $5.1782 and a two-hundred day moving average price translates $5.6169 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.
