Is Joby Aviation Inc (NYSE:JOBY) A Strong Comeback Candidate At -74.59% Off Its High?

In recent trading session, Joby Aviation Inc (NYSE:JOBY) saw 1.47 million shares changing hands at last check today with its beta currently measuring 2.32. Company’s recent per share price level of $6.14 trading at $0.15 or 2.59% at last check today assigns it a market valuation of $4.84B. That most recent trading price of JOBY’s stock is at a discount of -74.59% from its 52-week high price of $10.72 and is indicating a premium of 26.71% 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 11.83 million shares which gives us an average trading volume of 14.62 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 2.33. 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. The company is expected to be making an EPS of -0.19 in the current quarter.

Joby Aviation Inc (NYSE:JOBY) trade information

Upright in the green today for gaining 2.59%, in the last five days JOBY remained trading in the red while hitting it’s week-highest on Monday, 03/10/25 when the stock touched $6.14 price level, adding 4.06% to its value on the day. Joby Aviation Inc’s shares saw a change of -24.42% in year-to-date performance and have moved -7.18% in past 5-day. Joby Aviation Inc (NYSE:JOBY) showed a performance of -16.17% in past 30-days. Number of shares sold short was 64.41 million shares which calculate 5.18 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 10.75 to the stock, which implies a rise of 42.88% to its recent value today. Analysts have been projecting 10 as a low price target for the stock while placing it at a high target of 11.5. It follows that stock’s current price would drop -62.87% in reaching the projected high whereas dropping to the targeted low would mean a loss of -62.87% for stock’s current value.

Joby Aviation Inc (JOBY) estimates and forecasts

This year revenue growth is estimated to rise 6,144.24% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 539.2k for the same. And 5 analysts are in estimates of company making revenue of 1.54M in the next quarter. Company posted 25k and 28k of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 5.69% during past 5 years. In 2025, company’s earnings growth rate is likely to be around 13.95% while estimates for its earnings growth in next 5 years are of 7.93%.

Joby Aviation Inc (NYSE:JOBY)’s Major holders

Insiders are in possession of 36.30% of company’s total shares while institution are holding 41.52 percent of that, with stock having share float percentage of 65.17%. Investors also watch the number of corporate investors in a company very closely, which is 41.52% 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 7.6698 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 5.8551 of outstanding shares, having a total worth of $184.07 million.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024, the former fund manager was holding 14.26 shares of worth $87.71 million or 1.81% of the total outstanding shares. The later fund manager was in possession of 11.69 shares on Dec 31, 2024, making its stake of worth around $71.91 million in the company or a holder of 1.48% of company’s stock.