Stocks of Joby Aviation Inc (NYSE:JOBY) traded higher last session on Wall Street, down -0.81% to $4.88.
JOBY stock price is now -11.51% away from the 50-day moving average and -12.02% away from the 200-day moving average. The market capitalization of the company currently stands at $3.49B.
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With the price target of $9, H.C. Wainwright recently initiated with Buy rating for Joby Aviation Inc (NYSE: JOBY). On May 03, 2024, JP Morgan Upgraded its previous ‘Underweight’ rating to ‘Neutral’ on the stock keeping its target price maintained at $5, while ‘Canaccord Genuity’ rates the stock as ‘Buy’
In other news, Bowles Gregory, insider sold 3,412 shares of the company’s stock on Aug 22 ’24. The stock was sold for $17,640 at an average price of $5.17. Upon completion of the transaction, the insider now directly owns 38,810 shares in the company, valued at $0.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 22 ’24, Officer Gregory Bowles bought 3,412 shares of the business’s stock. A total of $17,642 was incurred on buying the stock at an average price of $5.17. A total of 45.78% 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 $5.5148 and a two-hundred day moving average price translates $5.5465 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.
