Joby Aviation Inc (NYSE:JOBY) shares, rose in value, with the stock price down by -0.40% to the previous day’s close as strong demand from buyers drove the stock to $4.99.
Actively observing the price movement in the last trading, the stock closed the session at $5.01, falling within a range of $4.93 and $5.06. The value of beta (5-year monthly) was 1.971. Referring to stock’s 52-week performance, its high was $7.69, and the low was $4.50. On the whole, JOBY has fluctuated by 3.96% over the past month.
With the market capitalization of Joby Aviation Inc currently standing at about $3.77 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-06.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that JOBY’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of JOBY currently trading nearly -10.94% and -6.25% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.78, while the 7-day volatility ratio is showing 5.24% which for the 30-day chart, stands at 6.96%. Furthermore, Joby Aviation Inc (JOBY)’s beta value is 1.97, and its average true range (ATR) is 0.39.
A comparison of Joby Aviation Inc (JOBY) with its peers suggests the former has fared considerably weaker in the market. JOBY showed an intraday change of -0.40% in last session, and over the past year, it shrunk by -3.11%%.
Data on historical trading for Joby Aviation Inc (NYSE:JOBY) indicates that the trading volumes over the past 10 days have averaged 22.19 and over the past 3 months, they’ve averaged 9.64 million. According to company’s latest data on outstanding shares, there are 698.26 million shares outstanding.
Nearly 46.10% of Joby Aviation Inc’s shares belong to company insiders and institutional investors own 30.50% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 75.08 million shares as on 2024-10-15, resulting in a short ratio of 7.11. According to the data, the short interest in Joby Aviation Inc (JOBY) stood at 1835.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 70.94 million. The stock has fallen by -24.96% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the JOBY stock heading into the next quarter.
