During the recent session, Joby Aviation Inc (NYSE:JOBY)’s traded shares were 2.08 million, with the beta value of the company hitting 2.33. At the last check today, the stock’s price was $6.14, reflecting an intraday loss of -4.54% or -$0.29. The 52-week high for the JOBY share is $10.72, that puts it down -74.59 from that peak though still a striking 26.71% gain since the share price plummeted to a 52-week low of $4.50. The company’s market capitalization is $4.84B, and the average intraday trading volume over the past 10 days was 9.73 million shares, and the average trade volume was 12.75 million shares over the past three months.
Joby Aviation Inc (JOBY) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.33. JOBY has a Sell rating from 1 analyst(s) out of 4 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.19.
Joby Aviation Inc (NYSE:JOBY) trade information
Joby Aviation Inc (JOBY) registered a -4.54% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -4.54% in intraday trading to $6.14, hitting a weekly high. The stock’s 5-day price performance is -7.56%, and it has moved by -9.07% in 30 days. Based on these gigs, the overall price performance for the year is 14.30%. The short interest in Joby Aviation Inc (NYSE:JOBY) is 63.82 million shares and it means that shorts have 4.84 day(s) to cover.
The consensus price target of analysts on Wall Street is $10.75, which implies an increase of 42.88% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $10 and $11.5 respectively. As a result, JOBY is trading at a discount of -87.3% off the target high and -62.87% off the low.
Joby Aviation Inc (JOBY) estimates and forecasts
In the rating firms’ projections, revenue will increase 6,144.24% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 539.2k as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 1.54M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 25k and 28k respectively. In this case, analysts expect current quarter sales to grow by 2,056.80% and then jump by 5,398.57% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 5.69%. While earnings are projected to return 13.95% in 2025, the next five years will return 7.93% per annum.
JOBY Dividends
Joby Aviation Inc is due to release its next quarterly earnings on 2025-Feb-25. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Joby Aviation Inc (NYSE:JOBY)’s Major holders
Joby Aviation Inc insiders own 36.30% of total outstanding shares while institutional holders control 41.52%, with the float percentage being 65.17%. BAILLIE GIFFORD & CO is the largest shareholder of the company, while 414.0 institutions own stock in it. As of 2024-06-30, the company held over 52.87 million shares (or 7.6698% of all shares), a total value of $269.63 million in shares.
The next largest institutional holding, with 40.36 million shares, is of CAPRICORN INVESTMENT GROUP LLC’s that is approximately 5.8551% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $184.07 million.
Also, the Mutual Funds coming in first place with the largest holdings of Joby Aviation Inc (JOBY) shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund. Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 14.26 shares. This amounts to just over 1.81 percent of the company’s overall shares, with a $87.55 million market value. The same data shows that the other fund manager holds slightly less at 11.69, or about 1.48% of the stock, which is worth about $71.78 million.
