Joby Aviation Inc (NYSE: JOBY) Is Under Pressure Due To Weak Fundamental Momentum.

NOVA

In the last trading session, 0.97 million Joby Aviation Inc (NYSE:JOBY) shares changed hands as the company’s beta touched 2.09. With the company’s per share price at $4.68 changed hands at $0.08 or 1.74% during last session, the market valuation stood at $3.29B. JOBY’s last price was a discount, traded about -155.98% off its 52-week high of $11.98. The share price had its 52-week low at $3.72, which suggests the last value was 20.51% up since then. When we look at Joby Aviation Inc’s average trading volume, we note the 10-day average is N/A shares, with the 3-month average coming to 5.06 million.

Joby Aviation Inc (NYSE:JOBY) trade information

Instantly JOBY was in green as seen at the end of in last trading. With action -0.85%, the performance over the past five days has been red. The jump to weekly highs of 4.92 on N/A, N/A added 1.74% to the stock’s daily price. The company’s shares are showing year-to-date downside of -29.62%, with the 5-day performance at -0.85% in the red. However, in the 30-day time frame, Joby Aviation Inc (NYSE:JOBY) is -8.59% down. Looking at the short shares, we see there were N/A shares sold at short interest cover period of N/A days.

Joby Aviation Inc (JOBY) estimates and forecasts

Data shows that the Joby Aviation Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -25.36% over the past 6 months, a 8.86% in annual growth rate that is considerably higher than the industry average of -3.40%. The 2024 estimates are for Joby Aviation Inc earnings to increase by 6.11%, but the outlook for the next 5-year period is at -11.81% per year.