The price of Joby Aviation Inc (NYSE:JOBY) shares last traded on Wall Street fell -6.56% to $6.98.
JOBY stock price is now -15.09% away from the 50-day moving average and 12.20% away from the 200-day moving average. The market capitalization of the company currently stands at $5.34B.
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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, DeHoff Kate, insider sold 6,903 shares of the company’s stock on Feb 13 ’25. The stock was sold for $51,289 at an average price of $7.43. Upon completion of the transaction, the insider now directly owns 202,276 shares in the company, valued at $1.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 13 ’25, CEO and Chief Architect Bevirt JoeBen sold 10,785 shares of the business’s stock. A total of $80,133 was realized by selling the stock at an average price of $7.43. This leaves the insider owning 793,036 shares of the company worth $5.54 million. A total of 45.91% 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 net profit margin was -42844.56% and return on equity was -50.45% for JOBY.
