Stocks of Joby Aviation Inc (NYSE:JOBY) traded higher last session on Wall Street, down -8.92% to $7.96.
JOBY stock price is now 7.41% away from the 50-day moving average and 37.12% away from the 200-day moving average. The market capitalization of the company currently stands at $6.09B.
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With the price target enhanced from $5 to $6, JP Morgan Downgraded its rating from Neutral to Underweight for Joby Aviation Inc (NYSE: JOBY). On November 19, 2024, Needham recently initiated its ‘Buy’ rating on the stock quoting a target price of $8, while ‘H.C. Wainwright’ rates the stock as ‘Buy’
In other news, Eric Allison, Officer bought 21,007 shares of the company’s stock on Jan 13 ’25. The stock was bought for $170,144 at an average price of $8.10. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 13 ’25, Officer Katherine Dehoff bought 6,205 shares of the business’s stock. A total of $50,257 was incurred on buying the stock at an average price of $8.10. A total of 42.50% 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 $10.72. 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 $7.3516 and a two-hundred day moving average price translates $5.7922 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.
