The stock of Joby Aviation Inc (NYSE: JOBY) has increased by 2.15 when compared to last closing price of 5.11.Despite this, the company has seen a gain of 1.16% in its stock price over the last five trading days. marketbeat.com reported 2024-09-25 that Joby Aviation NYSE: JOBY is a next-generation aviation company on a mission to redefine air travel by introducing an all-electric vertical takeoff and landing aircraft (eVTOL) as a commercial air taxi service. This groundbreaking innovation could disrupt the transportation industry, offering a fast, quiet, and emission-free mode of transport in urban areas.
Is It Worth Investing in Joby Aviation Inc (NYSE: JOBY) Right Now?
JOBY has 36-month beta value of 1.97. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 1 as “sell.”
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The public float for JOBY is 391.84M, and currently, short sellers hold a 18.10% ratio of that float. The average trading volume of JOBY on September 30, 2024 was 6.87M shares.
JOBY’s Market Performance
JOBY stock saw an increase of 1.16% in the past week, with a monthly gain of 5.67% and a quarterly increase of 2.35%. The volatility ratio for the week is 3.66%, and the volatility levels for the last 30 days are 4.31% for Joby Aviation Inc (JOBY). The simple moving average for the last 20 days is 2.02% for JOBY’s stock, with a simple moving average of -4.46% for the last 200 days.
Analysts’ Opinion of JOBY
Many brokerage firms have already submitted their reports for JOBY stocks, with H.C. Wainwright repeating the rating for JOBY by listing it as a “Buy.” The predicted price for JOBY in the upcoming period, according to H.C. Wainwright is $9 based on the research report published on September 03, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see JOBY reach a price target of $5. The rating they have provided for JOBY stocks is “Neutral” according to the report published on May 03rd, 2024.
JP Morgan gave a rating of “Underweight” to JOBY, setting the target price at $6 in the report published on July 19th of the previous year.
JOBY Trading at -2.58% 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 -32.12% of loss for the given period.
Volatility was left at 4.31%, however, over the last 30 days, the volatility rate increased by 3.66%, as shares surge +1.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.11% lower at present.
During the last 5 trading sessions, JOBY rose by +1.16%, which changed the moving average for the period of 200-days by -19.82% in comparison to the 20-day moving average, which settled at $5.12. In addition, Joby Aviation Inc saw -21.50% 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 Bowles Gregory, who sale 26,775 shares at the price of $5.14 back on Sep 23 ’24. After this action, Bowles Gregory now owns 18,035 shares of Joby Aviation Inc, valued at $137,624 using the latest closing price.
GREGORY BOWLES, the Officer of Joby Aviation Inc, proposed sale 26,775 shares at $5.16 during a trade that took place back on Sep 23 ’24, which means that GREGORY BOWLES is holding shares at $138,159 based on the most recent closing price.
Stock Fundamentals for JOBY
Current profitability levels for the company are sitting at:
- -901.35 for the present operating margin
- -29.77 for the gross margin
The net margin for Joby Aviation Inc stands at -305.49. The total capital return value is set at -0.95. Equity return is now at value -33.50, with -26.47 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 -12.26. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is 71.68.
Currently, EBITDA for the company is -355.22 million with net debt to EBITDA at 0.23. When we switch over and look at the enterprise to sales, we see a ratio of 3311.06. The receivables turnover for the company is 0.08for 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 19.87.
Conclusion
To put it simply, Joby Aviation Inc (JOBY) has had a mixed performance in recent times. Analysts have a mixed 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.
