In the latest trading session, 4.64 million Joby Aviation Inc (NYSE:JOBY) shares changed hands as the company’s beta touched 2.36. With the company’s most recent per share price at $6.44 changed hands at -$0.32 or -4.77% at last look, the market valuation stands at $4.93B. JOBY’s current price is a discount, trading about -66.46% 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 30.12% up since then.
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’s EPS for the current quarter is expected to be -0.19.
Joby Aviation Inc (NYSE:JOBY) trade information
Instantly JOBY was in red as seen in intraday trades today. With action -18.92%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -20.82%, with the 5-day performance at -18.92% in the red. However, in the 30-day time frame, Joby Aviation Inc (NYSE:JOBY) is -26.51% down.
The consensus price target for the stock as assigned by Wall Street analysts is 10.75, meaning bulls need an upside of 40.09% 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 -78.57% plunge from its current level, while the stock would need to soar -55.28% for it to hit the projected low.
Joby Aviation Inc (JOBY) estimates and forecasts
Year-over-year growth is forecast to reach -80.15% down from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 44.75k. 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 -95.66%. The estimates for the next quarter sales put growth at 5,900.00%.
The 2025 estimates are for Joby Aviation Inc earnings to increase by 9.05%, but the outlook for the next 5-year period is at 7.67% per year.
Joby Aviation Inc (NYSE:JOBY)’s Major holders
CAPRICORN INVESTMENT GROUP LLC holds the second largest percentage of outstanding shares, with 5.8551% 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 $83.47 million under it, the former controlled 1.68% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.47% of the shares, roughly 11.27 shares worth around $73.12 million.
