In yesterday’s Wall Street session, Joby Aviation Inc (NYSE:JOBY) shares traded at $4.98, down -4.96% from the previous session.
JOBY stock price is now -9.59% away from the 50-day moving average and -10.61% away from the 200-day moving average. The market capitalization of the company currently stands at $3.57B.
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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, Gregory Bowles, Officer bought 3,412 shares of the company’s stock on Aug 22 ’24. The stock was bought for $17,642 at an average price of $5.17. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 16 ’24, President of Aircraft OEM Papadopoulos Didier sold 6,140 shares of the business’s stock. A total of $46,050 was realized by selling the stock at an average price of $7.50. This leaves the insider owning 41,857 shares of the company worth $0.21 million. A total of 45.80% 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 $7.69. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 19.87, and a quick ratio of 19.87. The fifty day moving average price for JOBY is $5.5058 and a two-hundred day moving average price translates $5.5651 for the stock.
The latest earnings results from Joby Aviation Inc (NYSE: JOBY) was released for 2024-06-30. The net profit margin was -30549.03% and return on equity was -33.50% for JOBY.
