In recent trading session today, 2.18 million shares of the Joby Aviation Inc (NYSE:JOBY) have been traded, and its beta is 1.92. Most recently the company’s share price was $5.80, and it changed around -$0.18 or -3.09% from the last close, which brings the market valuation of the company to $4.15B. JOBY at last check was trading at a discount to its 52-week high of $7.69, offering almost -32.59% off that amount. The share price’s 52-week low was $4.50, which indicates that the recent value has risen by an impressive 22.41% since then. We note from Joby Aviation Inc’s average daily trading volume that its 10-day average is 15.98 million shares, with the 3-month average coming to 7.96 million.

Joby Aviation Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.14. If we narrow it down even further, the data shows that 1 out of 7 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 3 recommended JOBY as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Joby Aviation Inc is expected to report earnings per share of -0.19 for the current quarter.

Joby Aviation Inc (NYSE:JOBY) trade information

Instantly JOBY has been showing red trend so far today with a performance of -3.09% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 6.32 on recent trading dayincreased the stock’s daily price by 8.23%. The company’s shares are currently down -12.86% year-to-date, but still up 20.73% over the last five days. On the other hand, Joby Aviation Inc (NYSE:JOBY) is 16.13% up in the 30-day period. We can see from the shorts that 70.94 million shares have been sold at a short interest cover period of 14.8 day(s).

The consensus price target as assigned by Wall Street analysts is $8, which translates to bulls needing to increase their stock price by 27.5% from its current value. Analyst projections state that JOBY is forecast to be at a low of $6 and a high of $11.

Joby Aviation Inc (JOBY) estimates and forecasts

Joby Aviation Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 17.31 percent over the past six months and at a 12.66% annual growth rate that is well above the industry average of -19.70%. The year-over-year growth rate is expected to be -67.50%, down from the previous year.

Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 40k in revenue for the current quarter. 3 analysts expect Joby Aviation Inc to make 110k in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at -91.10%.

Joby Aviation Inc earnings are expected to increase by 13.02% in 2024, but the outlook is negative -11.81% per year for the next five years.

JOBY Dividends

Joby Aviation Inc’s next quarterly earnings report is expected to be released on 2024-Oct-30.

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

Upon looking at major shareholders, it appears that insiders hold 36.30% of Joby Aviation Inc shares, and 42.71% of them are in the hands of institutional investors. The stock currently has a share float of 67.04%. Joby Aviation Inc stock is held by 327.0 institutions, with BAILLIE GIFFORD & CO being the largest institutional investor. By 2024-06-30, it held 7.755% of the shares, which is about 52.87 million shares worth $269.63 million.

CAPRICORN INVESTMENT GROUP LLC, with 5.9202% or 40.36 million shares worth $184.07 million as of 2024-06-30, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Jun 30, 2024. The former held 12.84 shares worth $74.02 million, making up 1.79% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 10.77 shares worth around $62.08 million, which represents about 1.50% of the total shares outstanding.