In Tuesday’s Wall Street session, Joby Aviation Inc (NYSE:JOBY) shares traded at $5.87, down -2.49% from the previous session.
JOBY stock price is now -11.54% away from the 50-day moving average and -9.05% away from the 200-day moving average. The market capitalization of the company currently stands at $4.62B.
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With the price target maintained at $7, Morgan Stanley recently Downgraded its rating from Overweight to Equal-Weight for Joby Aviation Inc (NYSE: JOBY). On January 10, 2025, JP Morgan Downgraded its previous ‘Neutral’ rating to ‘Underweight’ on the stock increasing its target price from $5 to quote $6, while ‘Needham’ rates the stock as ‘Buy’
In other news, Allison Eric, Chief Product Officer sold 24,395 shares of the company’s stock on Apr 14 ’25. The stock was sold for $147,346 at an average price of $6.04. Upon completion of the transaction, the Chief Product Officer now directly owns 627,726 shares in the company, valued at $3.68 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 15 ’25, DeHoff Kate sold 29,300 shares of the business’s stock. A total of $172,577 was realized by selling the stock at an average price of $5.89. This leaves the insider owning 202,276 shares of the company worth $1.19 million. A total of 45.11% 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 0.03, a current ratio of 20.14, and a quick ratio of 20.14. The fifty day moving average price for JOBY is $6.6356 and a two-hundred day moving average price translates $6.45385 for the stock.
The latest earnings results from Joby Aviation Inc (NYSE: JOBY) was released for 2024-12-31. The net profit margin was -447083.82% and return on equity was -62.47% for JOBY. For the current quarter, analysts expect JOBY to generate $539.2k in revenue.
