In today’s recent session, 7.74 million shares of the Joby Aviation Inc (NYSE:JOBY) have been traded, and its beta is 2.32. Most recently the company’s share price was $8.24, and it changed around -$0.69 or -7.67% from the last close, which brings the market valuation of the company to $6.15B. JOBY at last check was trading at a discount to its 52-week high of $9.33, offering almost -13.23% off that amount. The share price’s 52-week low was $4.50, which indicates that the recent value has risen by an impressive 45.39% since then. We note from Joby Aviation Inc’s average daily trading volume that its 10-day average is 21.02 million shares, with the 3-month average coming to 19.32 million.
Joby Aviation Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.11. If we narrow it down even further, the data shows that 1 out of 9 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 3 recommended JOBY as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Joby Aviation Inc is expected to report earnings per share of -0.19 for the current quarter.
Joby Aviation Inc (NYSE:JOBY) trade information
Instantly JOBY has been showing red trend so far today with a performance of -7.67% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 9.29 on recent trading dayincreased the stock’s daily price by 11.3%. The company’s shares are currently up 23.98% year-to-date, but still up 7.22% over the last five days. On the other hand, Joby Aviation Inc (NYSE:JOBY) is 3.06% up in the 30-day period. We can see from the shorts that 72.19 million shares have been sold at a short interest cover period of 3.54 day(s).
The consensus price target as assigned by Wall Street analysts is $9.88, which translates to bulls needing to increase their stock price by 16.6% from its current value. Analyst projections state that JOBY is forecast to be at a low of $9.75 and a high of $10.
Joby Aviation Inc (JOBY) estimates and forecasts
Joby Aviation Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 69.30 percent over the past six months and at a 12.66% annual growth rate that is well above the industry average of -14.70%. The year-over-year growth rate is expected to be -87.33%, down from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 35.8k in revenue for the current quarter. 2 analysts expect Joby Aviation Inc to make 1.5M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.03M and 25k respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -96.53%. Forecasts for the next quarter put sales growth at 5,900.00%. Joby Aviation Inc earnings are expected to increase by 9.12% in 2024, but the outlook is negative -11.81% per year for the next five years.
Joby Aviation Inc (NYSE:JOBY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 34.03% of Joby Aviation Inc shares, and 39.92% of them are in the hands of institutional investors. The stock currently has a share float of 60.52%. Joby Aviation Inc stock is held by 336.0 institutions, with BAILLIE GIFFORD & CO being the largest institutional investor. By 2024-06-30, it held 7.755% of the shares, which is about 52.87 million shares worth $269.63 million.
CAPRICORN INVESTMENT GROUP LLC, with 5.9202% or 40.36 million shares worth $184.07 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
