During the recent session, Joby Aviation Inc (NYSE:JOBY)’s traded shares were 10.63 million, with the beta value of the company hitting 2.08. At the last check today, the stock’s price was $6.91, reflecting an intraday gain of 1.54% or $0.11. The 52-week high for the JOBY share is $7.69, that puts it down -11.29 from that peak though still a striking 34.88% gain since the share price plummeted to a 52-week low of $4.50. The company’s market capitalization is $5.28B, and the average intraday trading volume over the past 10 days was 20.5 million shares, and the average trade volume was 12.85 million shares over the past three months.
Joby Aviation Inc (JOBY) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.11. JOBY has a Sell rating from 1 analyst(s) out of 4 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are 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
Joby Aviation Inc (JOBY) registered a 1.54% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.54% in intraday trading to $6.91, hitting a weekly high. The stock’s 5-day price performance is 20.51%, and it has moved by 14.32% in 30 days. Based on these gigs, the overall price performance for the year is 20.30%. The short interest in Joby Aviation Inc (NYSE:JOBY) is 78.06 million shares and it means that shorts have 4.45 day(s) to cover.
The consensus price target of analysts on Wall Street is $7.88, which implies an increase of 12.31% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6 and $10 respectively. As a result, JOBY is trading at a discount of -44.72% off the target high and 13.17% off the low.
Joby Aviation Inc (JOBY) estimates and forecasts
Statistics show that Joby Aviation Inc has outperformed its competitors in share price, compared to the industry in which it operates. Joby Aviation Inc (JOBY) shares have gone up 40.63% during the last six months, with a year-to-date growth rate more than the industry average at 12.66% against -13.80. In the rating firms’ projections, revenue will decrease -85.52% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 35.8k as predicted by 5 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 1.5M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.03M and 25k respectively. In this case, analysts expect current quarter sales to shrink by -96.53% and then jump by 5,900.00% in the coming quarter.
While earnings are projected to return 9.12% in 2024, the next five years will return -11.81% per annum.
JOBY Dividends
Joby Aviation Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Joby Aviation Inc (NYSE:JOBY)’s Major holders
Joby Aviation Inc insiders own 34.02% of total outstanding shares while institutional holders control 39.92%, with the float percentage being 60.50%. BAILLIE GIFFORD & CO is the largest shareholder of the company, while 336.0 institutions own stock in it. As of 2024-06-30, the company held over 52.87 million shares (or 7.755% of all shares), a total value of $269.63 million in shares.
The next largest institutional holding, with 40.36 million shares, is of CAPRICORN INVESTMENT GROUP LLC’s that is approximately 5.9202% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $184.07 million.
Also, the Mutual Funds coming in first place with the largest holdings of Joby Aviation Inc (JOBY) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 12.84 shares. This amounts to just over 1.68 percent of the company’s overall shares, with a $89.37 million market value. The same data shows that the other fund manager holds slightly less at 10.41, or about 1.36% of the stock, which is worth about $72.49 million.
