In the latest trading session, 8.74 million Joby Aviation Inc (NYSE:JOBY) shares changed hands as the company’s beta touched 2.31. With the company’s most recent per share price at $8.07 changed hands at -$0.67 or -7.61% at last look, the market valuation stands at $6.18B. JOBY’s current price is a discount, trading about -32.84% off its 52-week high of $10.72. The share price had its 52-week low at $4.50, which suggests the last value was 44.24% up since then. When we look at Joby Aviation Inc’s average trading volume, we note the 10-day average is 19.57 million shares, with the 3-month average coming to 19.51 million.
Analysts gave the Joby Aviation Inc (JOBY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.33. 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 (NYSE:JOBY) trade information
Instantly JOBY was in red as seen in intraday trades today. With action -17.35%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -0.68%, with the 5-day performance at -17.35% in the red. However, in the 30-day time frame, Joby Aviation Inc (NYSE:JOBY) is -5.44% down. Looking at the short shares, we see there were 72.19 million shares sold at short interest cover period of 3.54 days.
The consensus price target for the stock as assigned by Wall Street analysts is 10.75, meaning bulls need an upside of 24.93% from its recent market value. According to analyst projections, JOBY’s forecast low is 10 with 11.5 as the target high. To hit the forecast high, the stock’s price needs a -42.5% plunge from its current level, while the stock would need to soar -23.92% 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 22.16% over the past 6 months, a 12.66% in annual growth rate that is considerably higher than the industry average of -16.50%.
The 2025 estimates are for Joby Aviation Inc earnings to increase by 9.04%.
JOBY Dividends
Joby Aviation Inc is expected to release its next quarterly earnings report in February.
Joby Aviation Inc (NYSE:JOBY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 34.03% of Joby Aviation Inc shares while 39.96% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 60.58%. There are 39.96% 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 $103.15 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 $82.62 million.
