In last trading session, Joby Aviation Inc (NYSE:JOBY) saw 34.29 million shares changing hands with its beta currently measuring 2.33. Company’s recent per share price level of $7.94 trading at -$0.3 or -3.64% at ring of the bell on the day assigns it a market valuation of $6.07B. That closing price of JOBY’s stock is at a discount of -17.51% from its 52-week high price of $9.33 and is indicating a premium of 43.32% 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 17.52 million shares which gives us an average trading volume of 17.33 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.
Joby Aviation Inc (NYSE:JOBY) trade information
Joby Aviation Inc’s shares saw a change of 19.40% in year-to-date performance and have moved 0.00% in past 5-day. Joby Aviation Inc (NYSE:JOBY) showed a performance of 41.53% in past 30-days. Number of shares sold short was 75.9 million shares which calculate 3.78 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 9.88 to the stock, which implies a rise of 19.59% to its current value. Analysts have been projecting 9.75 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 drop -22.8% in reaching the projected high whereas dropping to the targeted low would mean a loss of -22.8% 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 65.42% of value to its shares in past 6 months, showing an annual growth rate of 12.66% while that of industry is -14.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
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 60.51%. 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.