In the latest trading session, 3.49 million Joby Aviation Inc (NYSE:JOBY) shares changed hands as the company’s beta touched 1.97. With the company’s most recent per share price at $4.87 changed hands at -$0.16 or -3.18% at last look, the market valuation stands at $3.49B. JOBY’s current price is a discount, trading about -57.91% off its 52-week high of $7.69. The share price had its 52-week low at $4.50, which suggests the last value was 7.6% up since then. When we look at Joby Aviation Inc’s average trading volume, we note the 10-day average is 5.6 million shares, with the 3-month average coming to 6.48 million.
Analysts gave the Joby Aviation Inc (JOBY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.14. If we narrow down to specifics, the data shows that 1 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended JOBY as a Hold, 2 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 -0.19.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Joby Aviation Inc (NYSE:JOBY) trade information
Instantly JOBY was in red as seen in intraday trades today. With action -5.44%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -26.77%, with the 5-day performance at -5.44% in the red. However, in the 30-day time frame, Joby Aviation Inc (NYSE:JOBY) is -2.60% down. Looking at the short shares, we see there were 70.94 million shares sold at short interest cover period of 14.8 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6, meaning bulls need an upside of 18.83% from its recent market value. According to analyst projections, JOBY’s forecast low is 6 with 11 as the target high. To hit the forecast high, the stock’s price needs a -125.87% plunge from its current level, while the stock would need to soar -23.2% 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 better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -1.02% over the past 6 months, a 12.66% in annual growth rate that is considerably higher than the industry average of -16.90%. Year-over-year growth is forecast to reach -67.50% down from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 40k. 3 analysts are of the opinion that Joby Aviation Inc’s revenue for the current quarter will be 110k. The estimates for the next quarter sales put growth at -91.10%.
The 2024 estimates are for Joby Aviation Inc earnings to increase by 13.02%, 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 on 2024-Oct-30.
Joby Aviation Inc (NYSE:JOBY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 36.35% of Joby Aviation Inc shares while 42.80% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 67.23%. There are 42.80% institutions holding the Joby Aviation Inc stock share, with BAILLIE GIFFORD & CO the top institutional holder. As of 2024-06-30, the company held 7.755% of the shares, roughly 52.87 million JOBY shares worth $269.63 million.
CAPRICORN INVESTMENT GROUP LLC holds the second largest percentage of outstanding shares, with 5.9202% or 40.36 million shares worth $184.07 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 12.84 shares estimated at $62.84 million under it, the former controlled 1.79% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.50% of the shares, roughly 10.77 shares worth around $52.7 million.
