In yesterday’s Wall Street session, Joby Aviation Inc (NYSE:JOBY) shares traded at $7.98, up 2.57% from the previous session.
JOBY stock price is now 24.57% away from the 50-day moving average and 44.48% away from the 200-day moving average. The market capitalization of the company currently stands at $6.23B.
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With the price target of $8, Needham recently initiated with Buy rating for Joby Aviation Inc (NYSE: JOBY). On September 03, 2024, H.C. Wainwright recently initiated its ‘Buy’ rating on the stock quoting a target price of $9, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Didier Papadopoulos, Officer bought 6,005 shares of the company’s stock on Dec 16 ’24. The stock was bought for $45,914 at an average price of $7.65. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 09 ’24, Director Sciarra Paul Cahill sold 333,332 shares of the business’s stock. A total of $2,876,655 was realized by selling the stock at an average price of $8.63. This leaves the insider owning 59,328,061 shares of the company worth $473.44 million. A total of 42.51% 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 $9.33. As of last week, the company has a debt-to-equity ratio of 0.04, a current ratio of 16.12, and a quick ratio of 16.12. The fifty day moving average price for JOBY is $6.3654 and a two-hundred day moving average price translates $5.51075 for the stock.
The latest earnings results from Joby Aviation Inc (NYSE: JOBY) was released for 2024-09-30. The net profit margin was -42844.56% and return on equity was -50.45% for JOBY.
