Joby Aviation Inc [JOBY] Stock trading around $8.14 per share: What’s Next?

Joby Aviation Inc [NYSE: JOBY] stock went on a downward path that fall over -8.33% on Tuesday, amounting to a one-week price decrease of less than -14.94%. The company report on September 8, 2021 that Joby Aviation to Participate in Deutsche Bank’s Virtual Technology Conference.

Joby Aviation (NYSE:JOBY), a California-based company developing all-electric aircraft for aerial ridesharing, announced that Executive Chairman, Paul Sciarra, and CFO, Matt Field, will attend the Deutsche Bank Virtual Technology Conference on Friday, September 10th. The Company’s fireside chat presentation will be hosted at 12:45 PM ET. A webcast of the event will be available here.

About Joby Aviation.

The market cap for the stock reached $4.93 billion, with 86.25 million shares outstanding. Compared to the average trading volume of 2.33M shares, JOBY stock reached a trading volume of 5301510 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Joby Aviation Inc [JOBY]:

The Average True Range (ATR) for Joby Aviation Inc is set at 1.13 The Price to Book ratio for the last quarter was 1.15, with the Price to Cash per share for the same quarter was set at 0.00.

JOBY Stock Performance Analysis:

Joby Aviation Inc [JOBY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.94. With this latest performance, JOBY shares dropped by -14.32% in over the last four-week period, additionally sinking by -24.14% over the last 6 months.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for JOBY stock in for the last two-week period is set at 35.34, with the RSI for the last a single of trading hit 27.36, and the three-weeks RSI is set at 39.22 for Joby Aviation Inc [JOBY]. The present Moving Average for the last 50 days of trading for this stock 10.21, while it was recorded at 9.01 for the last single week of trading, and 10.85 for the last 200 days.

Insight into Joby Aviation Inc Fundamentals:

Joby Aviation Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.20 and a Current Ratio set at 2.20.

Joby Aviation Inc [JOBY] Insider Position Details

There are presently around $349 million, or 7.10% of JOBY stock, in the hands of institutional investors. The top three institutional holders of JOBY stocks are: 683 CAPITAL MANAGEMENT, LLC with ownership of 5,444,544, which is approximately 88.02% of the company’s market cap and around 28.50% of the total institutional ownership; MAGNETAR FINANCIAL LLC, holding 4,318,757 shares of the stock with an approximate value of $35.16 million in JOBY stocks shares; and BAUPOST GROUP LLC/MA, currently with $28.49 million in JOBY stock with ownership of nearly 0% of the company’s market capitalization.

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47 institutional holders increased their position in Joby Aviation Inc [NYSE:JOBY] by around 10,882,023 shares. Additionally, 44 investors decreased positions by around 6,573,432 shares, while 23 investors held positions by with 25,390,374 shares. The mentioned changes placed institutional holdings at 42,845,829 shares, according to the latest SEC report filing. JOBY stock had 27 new institutional investments in for a total of 3,978,563 shares, while 21 institutional investors sold positions of 2,838,387 shares during the same period.

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