Joby Aviation Inc (NYSE:JOBY) price on Wednesday, February 05, rose 0.37% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $8.05.
A look at the stock’s price movement, the close in the last trading session was $8.02, moving within a range at $7.92 and $8.36. The beta value (5-Year monthly) was 1.972. Turning to its 52-week performance, $10.72 and $4.50 were the 52-week high and 52-week low respectively. Overall, JOBY moved -17.60% over the past month.
Joby Aviation Inc’s market cap currently stands at around $6.16 billion, with investors looking forward to this quarter’s earnings report slated for in March.
The average forecast suggests down to a -95.66% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 204.86k, representing a -80.15% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that JOBY is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 2 recommend JOBY as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
JOBY’s current price about -5.17% and -3.10% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.31, while 7-day volatility ratio is 5.59% and 6.49% in the 30-day chart. Further, Joby Aviation Inc (JOBY) has a beta value of 2.33, and an average true range (ATR) of 0.60. Analysts have given the company’s stock an average 52-week price target of $10.75, forecast between a low of $10 and high of $11.5. Looking at the price targets, the low is -24.22% off current price level while to achieve the yearly target high, price needs to move -42.86%. Nonetheless, investors will most likely welcome a -33.54% jump to $10.75 which is the analysts’ median price.
If we refocus on Joby Aviation Inc (NYSE:JOBY), historical trading data shows that trading volumes averaged 9.98 over the past 10 days and 18.10 million over the past 3 months. The company’s latest data on shares outstanding shows there are 717.09 million shares.
The 42.45% of Joby Aviation Inc’s shares are in the hands of company insiders while institutional holders own 30.48% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 61.91 million on 2025-01-15, giving us a short ratio of 3.15. The data shows that as of 2025-01-15 short interest in Joby Aviation Inc (JOBY) stood at 1352.0001 of shares outstanding, with shares short falling to 72.19 million registered in 2024-12-13. Current price change has pushed the stock -0.98% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the JOBY stock continues to rise going into the next quarter.
