Joby Aviation Inc (NYSE:JOBY) shares, rose in value, with the stock price up by 2.88% to the previous day’s close as strong demand from buyers drove the stock to $6.79.
Actively observing the price movement in the last trading, the stock closed the session at $6.60. 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 -15.76% over the past month.
With the market capitalization of Joby Aviation Inc currently standing at about $5.35 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Wall Street analysts also predicted that the company’s y-o-y revenues would reach 539.2k.
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 Hold 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 50% Buy.
The stock’s technical analysis shows that the price of JOBY currently trading nearly -6.45% and -15.12% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.99, while the 7-day volatility ratio is showing 9.27% which for the 30-day chart, stands at 6.71%. Furthermore, Joby Aviation Inc (JOBY)’s beta value is 2.34, and its average true range (ATR) is 0.53.
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 2.88% in last session, and over the past year, it grew by 24.13%%.
Data on historical trading for Joby Aviation Inc (NYSE:JOBY) indicates that the trading volumes over the past 3 months, they’ve averaged 15.32 million. According to company’s latest data on outstanding shares, there are 784.18 million shares outstanding.
Nearly 45.14% of Joby Aviation Inc’s shares belong to company insiders and institutional investors own 32.20% of the company’s shares. The stock has fallen by -16.48% 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.
