The stock price of Joby Aviation Inc (NYSE: JOBY) has surged by 0.38 when compared to previous closing price of 5.22, but the company has seen a 2.34% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-25 that In the electric vertical takeoff and landing (eVTOL) world, Joby Aviation (NYSE: JOBY ) stock remains a top stock I think long-term investors should focus on. Based in California, Joby aims to create scalable eVTOLs for short-distance passenger and cargo transport.
Is It Worth Investing in Joby Aviation Inc (NYSE: JOBY) Right Now?
The stock has a 36-month beta value of 2.07. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for JOBY is 373.49M, and at present, short sellers hold a 18.92% of that float. On March 26, 2024, the average trading volume of JOBY was 5.07M shares.
JOBY’s Market Performance
JOBY stock saw a decrease of 2.34% in the past week, with a monthly decline of -3.32% and a quarterly a decrease of -24.39%. The volatility ratio for the week is 4.15%, and the volatility levels for the last 30 days are 4.38% for Joby Aviation Inc (JOBY). The simple moving average for the last 20 days is -1.61% for JOBY stock, with a simple moving average of -21.56% 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 previous year 2023.
Canaccord Genuity, on the other hand, stated in their research note that they expect to see JOBY reach a price target of $8. The rating they have provided for JOBY stocks is “Buy” according to the report published on June 09th, 2023.
Deutsche Bank gave a rating of “Sell” to JOBY, setting the target price at $4 in the report published on March 07th of the previous year.
JOBY Trading at -6.98% 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 -56.26% of loss for the given period.
Volatility was left at 4.38%, however, over the last 30 days, the volatility rate increased by 4.15%, as shares sank -4.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.52% lower at present.
During the last 5 trading sessions, JOBY rose by +2.34%, which changed the moving average for the period of 200-days by -17.48% in comparison to the 20-day moving average, which settled at $5.31. In addition, Joby Aviation Inc saw -21.20% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at JOBY starting from Papadopoulos Didier, who sale 3,267 shares at the price of $5.13 back on Mar 18 ’24. After this action, Papadopoulos Didier now owns 49,623 shares of Joby Aviation Inc, valued at $16,760 using the latest closing price.
Sciarra Paul Cahill, the Director of Joby Aviation Inc, sale 202,080 shares at $5.07 during a trade that took place back on Mar 15 ’24, which means that Sciarra Paul Cahill is holding 59,994,725 shares at $1,024,546 based on the most recent closing price.
Stock Fundamentals for JOBY
Current profitability levels for the company are sitting at:
- -875.45 for the present operating margin
- -28.74 for the gross margin
The net margin for Joby Aviation Inc stands at -497.14. The total capital return value is set at -0.74. Equity return is now at value -46.66, with -40.04 for asset returns.
Based on Joby Aviation Inc (JOBY), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at -10.24. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is 66.22.
Currently, EBITDA for the company is -355.22 million with net debt to EBITDA at 0.49. When we switch over and look at the enterprise to sales, we see a ratio of 3400.79. The receivables turnover for the company is 0.22for trailing twelve months and the total asset turnover is 0.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 23.39.
Conclusion
To sum up, Joby Aviation Inc (JOBY) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
