Now Is The Time To Build A Position In Joby Aviation Inc (NYSE: JOBY)

Joby Aviation Inc (NYSE:JOBY)’s traded shares stood at 4.56 million during the latest session, with the company’s beta value hitting 1.99. At the last check today, the stock’s price was $5.64, to imply an increase of 8.67% or $0.45 in intraday trading. The JOBY share’s 52-week high remains $10.96, putting it -94.33% down since that peak but still an impressive 20.21% since price per share fell to its 52-week low of $4.50. The company has a valuation of $4.00B, with an average of 5.14 million shares over the past 3 months.

Joby Aviation Inc (NYSE:JOBY) trade information

After registering a 8.67% upside in the latest session, Joby Aviation Inc (JOBY) has traded red over the past five days. The stock hit a weekly high of 5.70, jumping 8.67% in its intraday price action. The 5-day price performance for the stock is 9.52%, and 10.81% over 30 days. With these gigs, the year-to-date price performance is -15.19%.

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Joby Aviation Inc (JOBY) estimates and forecasts

Looking at statistics comparing Joby Aviation Inc share performance against respective industry, we note that the company has outperformed competitors. Joby Aviation Inc (JOBY) shares are -8.29% down over the last 6 months, with its year-to-date growth rate higher than industry average at 12.66% against -12.40%. The rating firms project that company’s revenue will grow 29.90% compared to the previous financial year.

Revenue forecast for the current quarter as set by 2 analysts is 250k. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 250k.

JOBY Dividends

Joby Aviation Inc has its next earnings report out in August. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Joby Aviation Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

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

Joby Aviation Inc insiders hold 36.73% of total outstanding shares, with institutional holders owning 41.60% of the shares at 65.75% float percentage. In total, 41.60% institutions holds shares in the company, led by Baillie Gifford and Company. As of Mar 31, 2024, the company held over 53.96 shares (or 7.62% of shares), all amounting to roughly $315.11 million.

The next major institution holding the largest number of shares is Capricorn Investment Group LLC with 40.36 shares, or about 5.70% of shares outstanding. As of the market price on Mar 31, 2024, these shares were worth $235.71 million.