In the latest trading session, 4.41 million Joby Aviation Inc (NYSE:JOBY) shares changed hands as the company’s beta touched 2.35. With the company’s most recent per share price at $7.79 changing hands around $0.1 or 1.27% at last look, the market valuation stands at $6.34B. JOBY’s current price is a discount, trading about -19.77% off its 52-week high of $9.33. The share price had its 52-week low at $4.50, which suggests the last value was 42.23% up since then. When we look at Joby Aviation Inc’s average trading volume, we note the 10-day average is 20.8 million shares, with the 3-month average coming to 18.31 million.
Analysts gave the Joby Aviation Inc (JOBY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.11. If we narrow down to specifics, the data shows that 1 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended JOBY as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Joby Aviation Inc’s EPS for the current quarter is expected to be -0.19.
Joby Aviation Inc (NYSE:JOBY) trade information
Instantly JOBY is in green as seen in intraday trades today. With action -2.41%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 17.10%, with the 5-day performance at -2.41% in the red. However, in the 30-day time frame, Joby Aviation Inc (NYSE:JOBY) is 14.52% up. Looking at the short shares, we see there were 75.9 million shares sold at short interest cover period of 3.78 days.
The consensus price target for the stock as assigned by Wall Street analysts is 9.88, meaning bulls need an upside of 21.15% from its recent market value. According to analyst projections, JOBY’s forecast low is 9.75 with 10 as the target high. To hit the forecast high, the stock’s price needs a -28.37% plunge from its current level, while the stock would need to soar -25.16% for it to hit the projected low.
Joby Aviation Inc (JOBY) estimates and forecasts
Data shows that the Joby Aviation Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 60.89% over the past 6 months, a 12.66% in annual growth rate that is considerably higher than the industry average of -14.70%. Year-over-year growth is forecast to reach -87.33% down from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 35.8k. 2 analysts are of the opinion that Joby Aviation Inc’s revenue for the current quarter will be 1.5M. The company’s revenue for the corresponding quarters a year ago was 1.03M and 25k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -96.53%. The estimates for the next quarter sales put growth at 5,900.00%.
The 2024 estimates are for Joby Aviation Inc earnings to increase by 9.12%, but the outlook for the next 5-year period is at -11.81% per year.
JOBY Dividends
Joby Aviation Inc is expected to release its next quarterly earnings report in January.
Joby Aviation Inc (NYSE:JOBY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 34.02% of Joby Aviation Inc shares while 39.92% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 60.51%. There are 39.92% institutions holding the Joby Aviation Inc stock share, with BAILLIE GIFFORD & CO the top institutional holder. As of 2024-06-30, the company held 7.755% of the shares, roughly 52.87 million JOBY shares worth $269.63 million.
CAPRICORN INVESTMENT GROUP LLC holds the second largest percentage of outstanding shares, with 5.9202% or 40.36 million shares worth $184.07 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 12.86 shares estimated at $99.22 million under it, the former controlled 1.68% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.35% of the shares, roughly 10.3 shares worth around $79.48 million.
