What’s The Deal With Joby Aviation Inc (NYSE: JOBY)?

Joby Aviation Inc (NYSE:JOBY) traded at $6.50 at last check on Wednesday, July 24, made a downward move of -2.70% on its previous day’s price.

Looking at the stock we see that its previous close was $6.68 . In terms of its 52-week price range, JOBY has a high of $8.98 and a low of $4.50. The company’s stock has gained about 27.20% over that past 30 days.

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Joby Aviation Inc has a market cap of $4.60 billion.

Based on estimates by 3 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Joby Aviation Inc (JOBY) stock as a Hold, while 2 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 11.46% off its SMA20 and 22.06% from its 50-day simple moving average. The RSI (14) is pointing at 59.73 while the volatility over the past week is 8.05% and jumps to 6.79% over the past one month. The beta value is 2.01, while the average true range (ATR) is currently pointing at 0.42. The average price target for the stock over the next 12 months is $6, with the estimates having a low of $6 and a high of $11. These price ends are 7.69% and -69.23% off the today’s price level respectively, although investors could be excited at the prospect of a 7.69% if the JOBY share price touches on the median price of $6.

Coming back to Joby Aviation Inc (NYSE:JOBY), we note that the average 3-month trading volume was 6.29 million, while that of the preceding 10-day period stands at 11.07 million. Current shares outstanding are 698.26 million.

The insiders hold 46.61% of the company’s shares while institutions hold 30.83%. The data shows that short shares as of 2024-06-28, stood at 72.41 million at a short ratio of 12.54. This represents a 18.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.04000118.040001 short interest in shares outstanding on 2024-06-28. Shares short fall in June from the previous month at 78.98 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -2.26% down in year-to-date price movement.

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