Joby Aviation Inc (NYSE:JOBY) shares, rose in value, with the stock price down by -2.96% to the previous day’s close as strong demand from buyers drove the stock to $8.51.
Actively observing the price movement in the recent trading, the stock is buoying the session at $8.77, falling within a range of $8.415 and $8.65. The value of beta (5-year monthly) is 1.972. Referring to stock’s 52-week performance, its high was $10.72, and the low was $4.50. On the whole, JOBY has fluctuated by 17.70% over the past month.
With the market capitalization of Joby Aviation Inc currently standing at about $6.51 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Wall Street analysts also predicted that the company’s y-o-y revenues would reach 44.75k.
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 100% 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 -1.89% and 7.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.11, while the 7-day volatility ratio is showing 6.65% which for the 30-day chart, stands at 8.98%. Furthermore, Joby Aviation Inc (JOBY)’s beta value is 2.33, and its average true range (ATR) is 0.71.
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 -2.96% in today’s session so far, and over the past year, it grew by 44.97%%.
Data on historical trading for Joby Aviation Inc (NYSE:JOBY) indicates that the trading volumes over the past 10 days have averaged 15.63 and over the past 3 months, they’ve averaged 20.19 million. According to company’s latest data on outstanding shares, there are 717.09 million shares outstanding.
Nearly 42.45% of Joby Aviation Inc’s shares belong to company insiders and institutional investors own 29.67% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 66.18 million shares as on 2024-12-31, resulting in a short ratio of 3.34. According to the data, the short interest in Joby Aviation Inc (JOBY) stood at 1445.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 75.9 million. The stock has risen by 4.67% 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.
