Joby Aviation Inc (NYSE:JOBY) price on Thursday, May 22, rose 0.15% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $6.64.
A look at the stock’s price movement, the close in the last trading session was $6.63. Turning to its 52-week performance, $10.72 and $4.66 were the 52-week high and 52-week low respectively. Overall, JOBY moved 7.79% over the past month.
Joby Aviation Inc’s market cap currently stands at around $5.26 billion, with investors looking forward to this quarter’s earnings report slated for in June.
The average forecast suggests up to a 77.39% 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 2.02M, representing a 1,384.12% jump 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 Hold. On the other hand, the stock is on average a 50% Sell 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 -1.42% and 4.54% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 49.57, while 7-day volatility ratio is 2.71% and 2.98% in the 30-day chart. Further, Joby Aviation Inc (JOBY) has a beta value of 2.32, and an average true range (ATR) of 0.34. Analysts have given the company’s stock an average 52-week price target of $10.25, forecast between a low of $9 and high of $11.5. Looking at the price targets, the low is -35.54% off current price level while to achieve the yearly target high, price needs to move -73.19%. Nonetheless, investors will most likely welcome a -54.37% jump to $10.25 which is the analysts’ median price.
If we refocus on Joby Aviation Inc (NYSE:JOBY), historical trading data shows that trading volumes averaged 12.08 million over the past 3 months. The company’s latest data on shares outstanding shows there are 789.29 million shares.
The 45.08% of Joby Aviation Inc’s shares are in the hands of company insiders while institutional holders own 32.65% of the company’s shares. Current price change has pushed the stock -18.33% 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.
