In last trading session, Joby Aviation Inc. (NYSE:JOBY) saw 3.86 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $5.82 trading at -$0.51 or -8.06% at ring of the bell on the day assigns it a market valuation of $3.54B. That closing price of JOBY’s stock is at a discount of -192.1% from its 52-week high price of $17.00 and is indicating a discount of -0.17% from its 52-week low price of $5.83. Taking a look at company’s average trading volume of 2.58 million if we extend that period to 3-months.
For Joby Aviation Inc. (JOBY), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.15 in the current quarter.
Joby Aviation Inc. (NYSE:JOBY) trade information
Upright in the red during last session for losing -8.06%, in the last five days JOBY remained trading in the red while hitting it’s week-highest on Friday, 01/07/22 when the stock touched $5.82 price level, adding 11.55% to its value on the day. Joby Aviation Inc.’s shares saw a change of -20.27% in year-to-date performance and have moved -8.35% in past 5-day. Joby Aviation Inc. (NYSE:JOBY) showed a performance of -8.63% in past 30-days.
Wall Street analysts have assigned a consensus price target of $16.00 to the stock, which implies a rise of 63.62% to its current value. Analysts have been projecting $16.00 as a low price target for the stock while placing it at a high target of $16.00. It follows that stock’s current price would drop -174.91% in reaching the projected high whereas dropping to the targeted low would mean a loss of -174.91% for stock’s current value.
Joby Aviation Inc. is more likely to be releasing its next quarterly report on November 11 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Joby Aviation Inc. (NYSE:JOBY)’s Major holders
Insiders are in possession of 49.48% of company’s total shares while institution are holding 25.13 percent of that, with stock having share float percentage of 49.75%. Investors also watch the number of corporate investors in a company very closely, which is 25.13% institutions for Joby Aviation Inc. that are currently holding shares of the company. Intel Corporation is the top institutional holder at JOBY for having 46.04 million shares of worth $463.17 million. And as of Sep 29, 2021, it was holding 7.62% of the company’s outstanding shares.
The second largest institutional holder is Baupost Group, Inc,.(The) LLC, which was holding about 10.0 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 1.66% of outstanding shares, having a total worth of $100.6 million.
On the other hand, Vanguard Extended Market Index Fund and Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 3.48 million shares of worth $34.99 million or 0.58% of the total outstanding shares. The later fund manager was in possession of 2.49 million shares on Oct 30, 2021, making its stake of worth around $21.6 million in the company or a holder of 0.41% of company’s stock.