The price of Joby Aviation Inc (NYSE:JOBY) shares last traded on Wall Street rose 1.04% to $8.76.
JOBY stock price is now 10.02% away from the 50-day moving average and 47.44% away from the 200-day moving average. The market capitalization of the company currently stands at $6.70B.
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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, Simi Bonny W, President of Operations sold 31,489 shares of the company’s stock on Jan 17 ’25. The stock was sold for $262,303 at an average price of $8.33. Upon completion of the transaction, the President of Operations now directly owns 137,097 shares in the company, valued at $1.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 17 ’25, Officer BONNY SIMI bought 31,489 shares of the business’s stock. A total of $263,563 was incurred on buying the stock at an average price of $8.37. A total of 42.45% 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 $7.9622 and a two-hundred day moving average price translates $5.94145 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.
