compared to its average ratio and a 36-month beta value of 2.17. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 2 as “sell.”
The average price point forecasted by analysts for Joby Aviation Inc (JOBY) is $8.20, which is $2.21 above the current market price. The public float for JOBY is 381.07M, and currently, short sellers hold a 17.64% ratio of that float. The average trading volume of JOBY on November 17, 2023 was 5.49M shares.
JOBY) stock’s latest price update
Joby Aviation Inc (NYSE: JOBY)’s stock price has decreased by -2.28 compared to its previous closing price of 6.13. However, the company has seen a 13.02% increase in its stock price over the last five trading sessions. InvestorPlace reported 2023-11-16 that Electronic vertical take-off and landing aircrafts (eVTOL stocks) have been among the hottest investment themes for the year. Truly, the flying cars are likely to be our new reality within the next 12 to 24 months.
JOBY’s Market Performance
Joby Aviation Inc (JOBY) has experienced a 13.02% rise in stock performance for the past week, with a -4.47% drop in the past month, and a -15.87% drop in the past quarter. The volatility ratio for the week is 6.31%, and the volatility levels for the past 30 days are at 6.15% for JOBY. The simple moving average for the last 20 days is 5.82% for JOBY stock, with a simple moving average of -0.61% for the last 200 days.
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 -3.06% 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 -50.00% of loss for the given period.
Volatility was left at 6.15%, however, over the last 30 days, the volatility rate increased by 6.31%, as shares sank -4.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.38% lower at present.
During the last 5 trading sessions, JOBY rose by +13.02%, which changed the moving average for the period of 200-days by +34.91% in comparison to the 20-day moving average, which settled at $5.65. In addition, Joby Aviation Inc saw 78.81% 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 Field Matthew, who sale 21,000 shares at the price of $6.02 back on Nov 06. After this action, Field Matthew now owns 203,978 shares of Joby Aviation Inc, valued at $126,420 using the latest closing price.
Allison Eric, the Head of Product of Joby Aviation Inc, sale 26,932 shares at $6.13 during a trade that took place back on Oct 13, which means that Allison Eric is holding 364,892 shares at $165,093 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 -40.97, with -35.44 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 put it simply, Joby Aviation Inc (JOBY) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.
