Joby Aviation Inc (NYSE:JOBY) has a beta value of 1.97 and has seen 3.17 million shares traded in the recent trading session. The company, currently valued at $3.81B, closed the recent trade at $4.97 per share which meant it gained $0.1 on the day or 1.95% during that session. The JOBY stock price is -54.73% off its 52-week high price of $7.69 and 9.46% above the 52-week low of $4.50. If we look at the company’s 10-day average daily trading volume, we find that it stood at 23.8 million shares traded. The 3-month trading volume is 9.93 million shares.
The consensus among analysts is that Joby Aviation Inc (JOBY) is Buy stock at the moment, with a recommendation rating of 2.14. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 4 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.19.
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Joby Aviation Inc (NYSE:JOBY) trade information
Sporting 1.95% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the JOBY stock price touched $4.97 or saw a rise of 5.33%. Year-to-date, Joby Aviation Inc shares have moved -25.34%, while the 5-day performance has seen it change -5.79%. Over the past 30 days, the shares of Joby Aviation Inc (NYSE:JOBY) have changed -16.55%. Short interest in the company has seen 75.08 million shares shorted with days to cover at 7.11.
Wall Street analysts have a consensus price target for the stock at $7.88, which means that the shares’ value could jump 36.93% from the levels at last check today. The projected low price target is $6.0 while the price target rests at a high of $10.0. In that case, then, we find that the latest price level in today’s session is -101.21% off the targeted high while a plunge would see the stock gain -20.72% from the levels at last check today.
Joby Aviation Inc (JOBY) estimates and forecasts
Figures show that Joby Aviation Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -10.22% over the past 6 months, with this year growth rate of 12.66%, compared to -15.70% for the industry. Revenue growth from the last financial year stood is estimated to be -67.50%.
3 analysts offering their estimates for the company have set an average revenue estimate of 40k for the current quarter. 3 have an estimated revenue figure of 110k for the next ending quarter.
Earnings growth for 2024 is a modest 13.41% while over the next 5 years, the company’s earnings are expected to decrease by -11.81%.
JOBY Dividends
Joby Aviation Inc is expected to release its next earnings report on 2024-Nov-06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Joby Aviation Inc (NYSE:JOBY)’s Major holders
Insiders own 34.25% of the company shares, while shares held by institutions stand at 40.23% with a share float percentage of 61.19%. Investors are also buoyed by the number of investors in a company, with Joby Aviation Inc having a total of 325.0 institutions that hold shares in the company. The top two institutional holders are BAILLIE GIFFORD & CO with over 52.87 million shares worth more than $269.63 million. As of 2024-06-30, BAILLIE GIFFORD & CO held 7.755% of shares outstanding.
The other major institutional holder is CAPRICORN INVESTMENT GROUP LLC, with the holding of over 40.36 million shares as of 2024-06-30. The firm’s total holdings are worth over $184.07 million and represent 5.9202% of shares outstanding.
