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Is Joby Aviation Inc. (NYSE: JOBY) Stock An Instant Disaster Or An Incredible Opportunity?

In the last trading session, 12.25 million Joby Aviation Inc. (NYSE:JOBY) shares changed hands as the company’s beta touched 2.11. With the company’s per share price at $6.54 changed hands at -$0.4 or -5.76% during last session, the market valuation stood at $4.82B. JOBY’s last price was a discount, traded about -83.18% off its 52-week high of $11.98. The share price had its 52-week low at $3.15, which suggests the last value was 51.83% up since then. When we look at Joby Aviation Inc.’s average trading volume, we note the 10-day average is 4.48 million shares, with the 3-month average coming to 9.77 million.

Analysts gave the Joby Aviation Inc. (JOBY) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 2.70. If we narrow down to specifics, the data shows that 2 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended JOBY as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Joby Aviation Inc.’s EPS for the current quarter is expected to be -$0.18.

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Joby Aviation Inc. (NYSE:JOBY) trade information

Instantly JOBY was in red as seen at the end of in last trading. With action -10.41%, the performance over the past five days has been red. The drop to weekly highs of 7.47 on Friday, 09/15/23 subtracted -5.76% to the stock’s daily price. The company’s shares are showing year-to-date upside of 95.22%, with the 5-day performance at -10.41% in the red. However, in the 30-day time frame, Joby Aviation Inc. (NYSE:JOBY) is -10.04% down. Looking at the short shares, we see there were 51.68 million shares sold at short interest cover period of 9.79 days.

The consensus price target for the stock as assigned by Wall Street analysts is $8.33, meaning bulls need an upside of 21.49% from its current market value. According to analyst projections, JOBY’s forecast low is $6.00 with $11.00 as the target high. To hit the forecast high, the stock’s price needs a -68.2% plunge from its current level, while the stock would need to tank 8.26% for it to hit the projected low.

Joby Aviation Inc. (JOBY) estimates and forecasts

Data shows that the Joby Aviation Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 63.50% over the past 6 months, a -125.00% in annual growth rate that is considerably lower than the industry average of 13.00%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Joby Aviation Inc. will fall -28.60%, while the growth in revenue is estimated to hit -81.80% for the next quarter.

The 2023 estimates are for Joby Aviation Inc. earnings to decrease by -46.90%, but the outlook for the next 5-year period is at -11.81% per year.

JOBY Dividends

Joby Aviation Inc. is expected to release its next quarterly earnings report between October 30 and November 03.

Joby Aviation Inc. (NYSE:JOBY)’s Major holders

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