Joby Aviation Inc (NYSE:JOBY) traded at $8.31 at last check on current trade day and made an upward move of 6.10% on its previous day’s price.
Looking at the stock we see that its previous close was $7.83 and the beta (5Y monthly) reads 2.326 with the day’s price range being $7.9 – $8.35. In terms of its 52-week price range, JOBY has a high of $10.72 and a low of $4.50. The company’s stock has lost about -0.75% over that past 30 days.
Joby Aviation Inc has a market cap of $6.36 billion and is expected to release its quarterly earnings report in March.
The median projection represents growth adding up to -95.66% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 204.86k, or -80.15% down from figures reported last year.
On the other hand, looking at the outlook for the JOBY stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy.
Based on estimates by 4 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 1 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 2.13% off its SMA20 and 0.24% from its 50-day simple moving average. The RSI (14) is pointing at 53.67 while the volatility over the past week is 5.23% and jumps to 5.85% over the past one month. The beta value is 2.33, while the average true range (ATR) is currently pointing at 0.52. The average price target for the stock over the next 12 months is $10.75, with the estimates having a low of $10 and a high of $11.5. These price ends are -20.34% and -38.39% off the today’s price level respectively, although investors could be excited at the prospect of a -29.36% if the JOBY share price touches on the median price of $10.75.
Coming back to Joby Aviation Inc (NYSE:JOBY), we note that the average 3-month trading volume was 17.01 million, while that of the preceding 10-day period stands at 11.38 million. Current shares outstanding are 717.09 million.
The insiders hold 41.78% of the company’s shares while institutions hold 33.11%. The data shows that short shares as of 2025-01-31, stood at 59.7 million at a short ratio of 4.23. This represents a 1303.00 short interest in shares outstanding on 2025-01-31. Shares short fall in January from the previous month at 66.18 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 2.18% up in year-to-date price movement.
