In recent trading session, Joby Aviation Inc (NYSE:JOBY) saw 1.87 million shares changing hands at last check today with its beta currently measuring 1.97. Company’s recent per share price level of $5.37 trading at $0.26 or 5.09% at last check today assigns it a market valuation of $3.85B. That most recent trading price of JOBY’s stock is at a discount of -43.2% from its 52-week high price of $7.69 and is indicating a premium of 16.2% from its 52-week low price of $4.50. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.13 million shares which gives us an average trading volume of 6.87 million if we extend that period to 3-months.
For Joby Aviation Inc (JOBY), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.14. Splitting up the data highlights that, out of 4 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.19 in the current quarter.
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Joby Aviation Inc (NYSE:JOBY) trade information
Upright in the green today for gaining 5.09%, in the last five days JOBY remained trading in the green while hitting it’s week-highest on Friday, 09/27/24 when the stock touched $5.37 price level, subtracting -1.7% to its value on the day. Joby Aviation Inc’s shares saw a change of -19.25% in year-to-date performance and have moved 4.07% in past 5-day. Joby Aviation Inc (NYSE:JOBY) showed a performance of 8.70% in past 30-days. Number of shares sold short was 70.94 million shares which calculate 14.8 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 6 to the stock, which implies a rise of 10.5% to its recent value today. Analysts have been projecting 6 as a low price target for the stock while placing it at a high target of 11. It follows that stock’s current price would drop -11.73% in reaching the projected high whereas dropping to the targeted low would mean a loss of -11.73% for stock’s current value.
Joby Aviation Inc (JOBY) estimates and forecasts
Statistics highlight that Joby Aviation Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 0.19% of value to its shares in past 6 months, showing an annual growth rate of 12.66% while that of industry is -16.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -67.50% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 40k for the same. And 3 analysts are in estimates of company making revenue of 110k in the next quarter.
In 2024, company’s earnings growth rate is likely to be around 13.02% while estimates for its earnings growth in next 5 years are of -11.81%.
Joby Aviation Inc (NYSE:JOBY)’s Major holders
Insiders are in possession of 36.35% of company’s total shares while institution are holding 42.81 percent of that, with stock having share float percentage of 67.25%. Investors also watch the number of corporate investors in a company very closely, which is 42.81% institutions for Joby Aviation Inc that are currently holding shares of the company. BAILLIE GIFFORD & CO is the top institutional holder at JOBY for having 52.87 million shares of worth $269.63 million. And as of 2024-06-30, it was holding 7.755 of the company’s outstanding shares.
The second largest institutional holder is CAPRICORN INVESTMENT GROUP LLC, which was holding about 40.36 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.9202 of outstanding shares, having a total worth of $184.07 million.
