Joby Aviation Inc (NYSE:JOBY) shares, rose in value on Wednesday, November 20, with price down by -2.05% to the previous day’s close as strong demand from buyers drove the stock to $6.20.
Actively observing the price movement in the last trading, the stock closed the session at $6.33, falling within a range of $6.005 and $6.41. The value of beta (5-year monthly) was 1.972. 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 0.32% over the past month.
With the market capitalization of Joby Aviation Inc currently standing at about $4.74 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Wall Street analysts also predicted that the company’s y-o-y revenues would reach 35.8k.
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 75% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of JOBY currently trading nearly 12.80% and 13.12% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.37, while the 7-day volatility ratio is showing 7.89% which for the 30-day chart, stands at 6.76%. Furthermore, Joby Aviation Inc (JOBY)’s beta value is 2.04, and its average true range (ATR) is 0.41.
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 -2.05% in last session, and over the past year, it grew by 0.81%%.
Data on historical trading for Joby Aviation Inc (NYSE:JOBY) indicates that the trading volumes over the past 10 days have averaged 19.15 and over the past 3 months, they’ve averaged 12.23 million. According to company’s latest data on outstanding shares, there are 698.26 million shares outstanding.
Nearly 43.12% of Joby Aviation Inc’s shares belong to company insiders and institutional investors own 29.72% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 78.06 million shares as on 2024-10-31, resulting in a short ratio of 4.45. According to the data, the short interest in Joby Aviation Inc (JOBY) stood at 1715.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 70.74 million. The stock has fallen by -6.77% 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.
