In yesterday’s Wall Street session, Joby Aviation Inc (NYSE:JOBY) shares traded at $7.78, down -1.02% from the previous session.
JOBY stock price is now -6.75% away from the 50-day moving average and 27.26% away from the 200-day moving average. The market capitalization of the company currently stands at $5.95B.
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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, Sciarra Paul Cahill, Director sold 333,334 shares of the company’s stock on Feb 03 ’25. The stock was sold for $2,673,339 at an average price of $8.02. Upon completion of the transaction, the Director now directly owns 58,661,395 shares in the company, valued at $456.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 03 ’25, Director SCIARRA MANAGEMENT TRUST U/A D bought 333,334 shares of the business’s stock. A total of $2,753,339 was incurred on buying the stock at an average price of $8.26. 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 $8.3428 and a two-hundred day moving average price translates $6.11335 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. For the current quarter, analysts expect JOBY to generate $44.75k in revenue.
