In recent trading session, Joby Aviation Inc (NYSE:JOBY) saw 2.53 million shares changing hands at last check today with its beta currently measuring 2.21. Company’s recent per share price level of $8.48 trading at $0.48 or 6.06% at last check today assigns it a market valuation of $6.49B. That most recent trading price of JOBY’s stock is at a discount of -1.65% from its 52-week high price of $8.62 and is indicating a premium of 46.93% from its 52-week low price of $4.50. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 21.3 million shares which gives us an average trading volume of 14.19 million if we extend that period to 3-months.
For Joby Aviation Inc (JOBY), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.11. Splitting up the data highlights that, out of 4 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.19 in the current quarter.
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Joby Aviation Inc (NYSE:JOBY) trade information
Upright in the green today for gaining 6.06%, in the last five days JOBY remained trading in the green while hitting it’s week-highest on Wednesday, 11/27/24 when the stock touched $8.48 price level, adding 1.62% to its value on the day. Joby Aviation Inc’s shares saw a change of 27.59% in year-to-date performance and have moved 24.78% in past 5-day. Joby Aviation Inc (NYSE:JOBY) showed a performance of 70.04% in past 30-days. Number of shares sold short was 73.19 million shares which calculate 3.94 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 7.88 to the stock, which implies a fall of -7.68% to its recent value today. Analysts have been projecting 6 as a low price target for the stock while placing it at a high target of 10. It follows that stock’s current price would jump 29.25% in reaching the projected high whereas dropping to the targeted low would mean a gain of 29.25% for stock’s current value.
Joby Aviation Inc (JOBY) estimates and forecasts
Statistics highlight that Joby Aviation Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 74.23% of value to its shares in past 6 months, showing an annual growth rate of 12.66% while that of industry is -17.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -85.52% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 35.8k for the same. And 2 analysts are in estimates of company making revenue of 1.5M in the next quarter. Company posted 1.03M and 25k of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around 9.12% while estimates for its earnings growth in next 5 years are of -11.81%.
Joby Aviation Inc (NYSE:JOBY)’s Major holders
Insiders are in possession of 34.02% of company’s total shares while institution are holding 39.92 percent of that, with stock having share float percentage of 60.50%. Investors also watch the number of corporate investors in a company very closely, which is 39.92% institutions for Joby Aviation Inc that are currently holding shares of the company. BAILLIE GIFFORD & CO is the top institutional holder at JOBY for having 52.87 million shares of worth $269.63 million. And as of 2024-06-30, it was holding 7.755 of the company’s outstanding shares.
The second largest institutional holder is CAPRICORN INVESTMENT GROUP LLC, which was holding about 40.36 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.9202 of outstanding shares, having a total worth of $184.07 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 12.84 shares of worth $115.87 million or 1.68% of the total outstanding shares. The later fund manager was in possession of 10.77 shares on Aug 31, 2024 , making its stake of worth around $97.17 million in the company or a holder of 1.41% of company’s stock.
