Joby Aviation Inc (NYSE:JOBY)’s traded shares stood at 3.42 million during the latest session, with the company’s beta value hitting 1.96. At the last check today, the stock’s price was $6.34, to imply an increase of 1.58% or $0.1 in intraday trading. The JOBY share’s 52-week high remains $7.69, putting it -21.29% down since that peak but still an impressive 29.02% since price per share fell to its 52-week low of $4.50. The company has a valuation of $4.54B, with an average of 9.51 million shares in intraday trading volume over the past 10 days and average of 7.85 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Joby Aviation Inc (JOBY), translating to a mean rating of 2.14. Of 4 analyst(s) looking at the stock, 1 analyst(s) give JOBY a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.19.
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Joby Aviation Inc (NYSE:JOBY) trade information
After registering a 1.58% upside in the latest session, Joby Aviation Inc (JOBY) has traded red over the past five days. The 5-day price performance for the stock is 15.04%, and 25.52% over 30 days. With these gigs, the year-to-date price performance is -4.68%. Short interest in Joby Aviation Inc (NYSE:JOBY) saw shorts transact 70.74 million shares and set a 13.45 days time to cover.
The extremes give us $6 and $11 for target low and target high price respectively. As such, JOBY has been trading -73.5% off suggested target high and 5.36% from its likely low.
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 24.29% up over the last 6 months, with its year-to-date growth rate higher than industry average at 12.66% against -15.60%. The rating firms project that company’s revenue will shrink -67.50% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 40k. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 110k.
JOBY Dividends
Joby Aviation Inc has its next earnings report out on 2024-Nov-06. 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 (NYSE:JOBY)’s Major holders
Joby Aviation Inc insiders hold 36.30% of total outstanding shares, with institutional holders owning 42.68% of the shares at 67.00% float percentage. In total, 42.68% institutions holds shares in the company, led by BAILLIE GIFFORD & CO. As of 2024-06-30, the company held over 52.87 million shares (or 7.755% of shares), all amounting to roughly $269.63 million.
The next major institution holding the largest number of shares is CAPRICORN INVESTMENT GROUP LLC with 40.36 million shares, or about 5.9202% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $184.07 million.
We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the Joby Aviation Inc (JOBY) shares. Going by data provided on Jun 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 12.84 shares. This is just over 1.79% of the total shares, with a market valuation of $81.47 million. Data from the same date shows that the other fund manager holds a little less at 10.41, or 1.45% of the shares, all valued at about 66.08 million.
