In the past week, JOBY stock has gone down by -10.41%, with a monthly decline of -10.04% and a quarterly plunge of -17.53%. The volatility ratio for the week is 4.10%, and the volatility levels for the last 30 days are 4.41% for Joby Aviation Inc. The simple moving average for the last 20 days is -9.02% for JOBY’s stock, with a simple moving average of 18.39% for the last 200 days.
Is It Worth Investing in Joby Aviation Inc. (NYSE: JOBY) Right Now?
Moreover, the 36-month beta value for JOBY is 2.11. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 2 as “sell.”
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The average price recommended by analysts for Joby Aviation Inc. (JOBY) is $8.33, which is $2.26 above the current market price. The public float for JOBY is 432.38M and currently, short sellers hold a 11.95% of that float. On September 18, 2023, JOBY’s average trading volume was 9.77M shares.
JOBY) stock’s latest price update
Joby Aviation Inc. (NYSE: JOBY) has experienced a decline in its stock price by -5.76 compared to its previous closing price of 6.94. However, the company has seen a fall of -10.41% in its stock price over the last five trading days. InvestorPlace reported 2023-09-15 that From planes to trains to automobiles, every innovation in human movement has opened new doors and new industries. Some of the most innovative companies of today are now bringing in flying cars, promising to once again revolutionize the way we travel around.
Analysts’ Opinion of JOBY
Many brokerage firms have already submitted their reports for JOBY stocks, with JP Morgan repeating the rating for JOBY by listing it as a “Underweight.” The predicted price for JOBY in the upcoming period, according to JP Morgan is $6 based on the research report published on July 19, 2023 of the current year 2023.
JOBY Trading at -19.15% from the 50-Day Moving Average
After a stumble in the market that brought JOBY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -45.41% of loss for the given period.
Volatility was left at 4.41%, however, over the last 30 days, the volatility rate increased by 4.10%, as shares sank -6.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -29.37% lower at present.
During the last 5 trading sessions, JOBY fell by -10.41%, which changed the moving average for the period of 200-days by +66.41% in comparison to the 20-day moving average, which settled at $7.16. In addition, Joby Aviation Inc. saw 95.22% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at JOBY starting from Bowles Gregory, who sale 7,749 shares at the price of $7.28 back on Aug 23. After this action, Bowles Gregory now owns 15,245 shares of Joby Aviation Inc., valued at $56,413 using the latest closing price.
Bowles Gregory, the of Joby Aviation Inc., sale 3,407 shares at $7.14 during a trade that took place back on Aug 22, which means that Bowles Gregory is holding 22,994 shares at $24,326 based on the most recent closing price.
Stock Fundamentals for JOBY
The total capital return value is set at -31.24, while invested capital returns managed to touch -20.59. Equity return is now at value -48.70, with -41.90 for asset returns.
Based on Joby Aviation Inc. (JOBY), the company’s capital structure generated 2.35 points at debt to equity in total, while total debt to capital is 2.29. Total debt to assets is 2.11, with long-term debt to equity ratio resting at 2.03. Finally, the long-term debt to capital ratio is 1.98.
The liquidity ratio also appears to be rather interesting for investors as it stands at 35.90.
Conclusion
To wrap up, the performance of Joby Aviation Inc. (JOBY) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
