Joby Aviation Inc (NYSE:JOBY) price on current trading day, rose 5.19% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $6.49.
A look at the stock’s price movement, the close in the last trading session was $6.17, moving within a range at $6.21 and $6.56. The beta value (5-Year monthly) was 2.353. Turning to its 52-week performance, $10.72 and $4.50 were the 52-week high and 52-week low respectively. Overall, JOBY moved -18.26% over the past month.
Joby Aviation Inc’s market cap currently stands at around $5.11 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-25.
Turning to the stock’s technical picture we see that short term indicators suggest on average that JOBY is a 50% Sell. 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 Hold 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 -0.98% and -14.56% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.05, while 7-day volatility ratio is 4.68% and 6.78% in the 30-day chart. Further, Joby Aviation Inc (JOBY) has a beta value of 2.33, and an average true range (ATR) of 0.45. 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 -54.08% off current price level while to achieve the yearly target high, price needs to move -77.2%. Nonetheless, investors will most likely welcome a -65.64% 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 10.79 over the past 10 days and 13.84 million over the past 3 months. The company’s latest data on shares outstanding shows there are 784.18 million shares.
The 45.15% of Joby Aviation Inc’s shares are in the hands of company insiders while institutional holders own 32.20% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 64.41 million on 2025-02-28, giving us a short ratio of 5.18. The data shows that as of 2025-02-28 short interest in Joby Aviation Inc (JOBY) stood at 1340.0 of shares outstanding, with shares short rising to 59.7 million registered in 2025-01-31. Current price change has pushed the stock -20.17% 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.
