An In-Depth Look At The Joby Aviation Inc (JOBY) Stock

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Joby Aviation Inc (NYSE:JOBY) has a beta value of 1.99 and has seen 2.46 million shares traded in the recent trading session. The company, currently valued at $3.70B, closed the recent trade at $5.22 per share which meant it gained $0.26 on the day or 5.24% during that session. The JOBY stock price is -116.48% off its 52-week high price of $11.30 and 13.79% above the 52-week low of $4.50. The 3-month trading volume is 5.07 million shares.

Joby Aviation Inc (NYSE:JOBY) trade information

Sporting 5.24% in the green today, the stock has traded in the green over the last five days, when the JOBY stock price touched $5.22 or saw a rise of 1.88%. Year-to-date, Joby Aviation Inc shares have moved -21.50%, while the 5-day performance has seen it change 4.40%. Over the past 30 days, the shares of Joby Aviation Inc (NYSE:JOBY) have changed 7.19%.

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Joby Aviation Inc (JOBY) estimates and forecasts

Figures show that Joby Aviation Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -15.53% over the past 6 months, with this year growth rate of 12.66%, compared to -11.00% for the industry. Revenue growth from the last financial year stood is estimated to be 29.90%.

2 analysts offering their estimates for the company have set an average revenue estimate of 250k for the current quarter. 2 have an estimated revenue figure of 250k for the next ending quarter.

Earnings growth for 2024 is a modest 8.30% while over the next 5 years, the company’s earnings are expected to decrease by -11.81%.

JOBY Dividends

Joby Aviation Inc is expected to release its next earnings report in August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 36.73% of the company shares, while shares held by institutions stand at 41.59% with a share float percentage of 65.73%. Investors are also buoyed by the number of investors in a company, with Joby Aviation Inc having a total of 306 institutions that hold shares in the company. The top two institutional holders are Baillie Gifford and Company with over 53.96 shares worth more than $277.97 million. As of Mar 31, 2024, Baillie Gifford and Company held 7.62% of shares outstanding.

The other major institutional holder is Capricorn Investment Group LLC, with the holding of over 40.36 shares as of Mar 31, 2024. The firm’s total holdings are worth over $207.93 million and represent 5.70% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of Mar 31, 2024, the former fund manager holds about 1.62% shares in the company for having 11.45 shares of worth $58.99 million while later fund manager owns 8.89 shares of worth $45.78 million as of Mar 31, 2024, which makes it owner of about 1.25% of company’s outstanding stock.