The stock of Joby Aviation Inc (JOBY) has gone up by 20.86% for the week, with a 14.65% rise in the past month and a 32.92% rise in the past quarter. The volatility ratio for the week is 9.78%, and the volatility levels for the past 30 days are 7.06% for JOBY. The simple moving average for the last 20 days is 23.16% for JOBY stock, with a simple moving average of 29.44% for the last 200 days.
Is It Worth Investing in Joby Aviation Inc (NYSE: JOBY) Right Now?
The stock has a 36-month beta value of 2.08. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 3 as “overweight,” 3 as “hold,” and 1 as “sell.”
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The public float for JOBY is 435.22M, and at present, short sellers hold a 17.94% of that float. On November 22, 2024, the average trading volume of JOBY was 12.85M shares.
JOBY) stock’s latest price update
Joby Aviation Inc (NYSE: JOBY) has seen a rise in its stock price by 1.84 in relation to its previous close of 6.80. However, the company has experienced a 20.86% gain in its stock price over the last five trading sessions. invezz.com reported 2024-11-20 that On Tuesday, Joby Aviation and Archer Aviation, two developers of electric vertical takeoff and landing (eVTOL) aircraft, saw their stocks surge after Needham & Co. launched coverage with optimistic Buy ratings.
Analysts’ Opinion of JOBY
Many brokerage firms have already submitted their reports for JOBY stocks, with Needham repeating the rating for JOBY by listing it as a “Buy.” The predicted price for JOBY in the upcoming period, according to Needham is $8 based on the research report published on November 19, 2024 of the current year 2024.
H.C. Wainwright, on the other hand, stated in their research note that they expect to see JOBY reach a price target of $9. The rating they have provided for JOBY stocks is “Buy” according to the report published on September 03rd, 2024.
JP Morgan gave a rating of “Neutral” to JOBY, setting the target price at $5 in the report published on May 03rd of the current year.
JOBY Trading at 25.01% 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 -9.95% of loss for the given period.
Volatility was left at 7.06%, however, over the last 30 days, the volatility rate increased by 9.78%, as shares surge +34.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.81% upper at present.
During the last 5 trading sessions, JOBY rose by +21.12%, which changed the moving average for the period of 200-days by +20.07% in comparison to the 20-day moving average, which settled at $5.62. In addition, Joby Aviation Inc saw 4.14% 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 DIDIER PAPADOPOULOS, who proposed sale 2,279 shares at the price of $6.20 back on Nov 21 ’24. After this action, DIDIER PAPADOPOULOS now owns shares of Joby Aviation Inc, valued at $14,130 using the latest closing price.
BONNY SIMI, the Officer of Joby Aviation Inc, proposed sale 95,000 shares at $6.20 during a trade that took place back on Nov 21 ’24, which means that BONNY SIMI is holding shares at $589,000 based on the most recent closing price.
Stock Fundamentals for JOBY
Current profitability levels for the company are sitting at:
- -1134.61 for the present operating margin
- -21.98 for the gross margin
The net margin for Joby Aviation Inc stands at -428.45. The total capital return value is set at -1.37. Equity return is now at value -50.45, with -41.22 for asset returns.
Currently, EBITDA for the company is -441.6 million with net debt to EBITDA at 0.22. When we switch over and look at the enterprise to sales, we see a ratio of 4799.78. The receivables turnover for the company is 0.11for 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 16.12.
Conclusion
To sum up, Joby Aviation Inc (JOBY) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
