Joby Aviation Inc. [JOBY] is -31.23% lower this YTD. Is it still time to buy?

Joby Aviation Inc. [NYSE: JOBY] price plunged by -4.74 percent to reach at -$0.25. The company report on August 11, 2022 that Joby Aviation Reports Second Quarter 2022 Financial Results.


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Joby Aviation, Inc. (NYSE: JOBY), a California-based company developing electric vertical take-off and landing (“eVTOL”) aircraft, today announced its financial results for second quarter 2022. Please visit the Joby investor relations website https://ir.jobyaviation.com/ to view the second quarter 2022 shareholder letter. Today the company will host a live audio webcast of its conference call to discuss the results at 2:30 p.m. PT (5:30 p.m. ET).

A sum of 3681708 shares traded at recent session while its average daily volume was at 3.89M shares. Joby Aviation Inc. shares reached a high of $5.31 and dropped to a low of $4.945 until finishing in the latest session at $5.02.

The one-year JOBY stock forecast points to a potential upside of 41.63. The average equity rating for JOBY stock is currently 2.70, trading closer to a bullish pattern in the stock market.

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

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for JOBY shares is $8.60 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on JOBY stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Raymond James have made an estimate for Joby Aviation Inc. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on July 27, 2022. While these analysts kept the previous recommendation, JP Morgan raised their target price to Neutral. The new note on the price target was released on April 28, 2022, representing the official price target for Joby Aviation Inc. stock. Previously, the target price had yet another raise to $8, while Deutsche Bank analysts kept a Hold rating on JOBY stock.

The Average True Range (ATR) for Joby Aviation Inc. is set at 0.27 The Price to Book ratio for the last quarter was 2.38, with the Price to Cash per share for the same quarter was set at 1.80.

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 -12.85. With this latest performance, JOBY shares dropped by -5.28% in over the last four-week period, additionally sinking by -9.71% over the last 6 months – not to mention a drop of -48.09% in the past year of trading.

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 36.72, with the RSI for the last a single of trading hit 29.63, and the three-weeks RSI is set at 41.11 for Joby Aviation Inc. [JOBY]. The present Moving Average for the last 50 days of trading for this stock 5.64, while it was recorded at 5.31 for the last single week of trading, and 5.47 for the last 200 days.

Insight into Joby Aviation Inc. Fundamentals:

Return on Equity for this stock declined to -18.17, with Return on Assets sitting at -16.54.

Joby Aviation Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 39.20 and a Current Ratio set at 39.20.

JOBY Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for JOBY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Joby Aviation Inc. go to -11.81%.

Joby Aviation Inc. [JOBY] Insider Position Details

There are presently around $889 million, or 28.90% of JOBY stock, in the hands of institutional investors. The top three institutional holders of JOBY stocks are: INTEL CORP with ownership of 46,040,786, which is approximately 0% of the company’s market cap and around 0.20% of the total institutional ownership; CAPRICORN INVESTMENT GROUP LLC, holding 40,955,596 shares of the stock with an approximate value of $205.6 million in JOBY stocks shares; and VANGUARD GROUP INC, currently with $101.68 million in JOBY stock with ownership of nearly 40.601% of the company’s market capitalization.

Positions in Joby Aviation Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 87 institutional holders increased their position in Joby Aviation Inc. [NYSE:JOBY] by around 31,450,240 shares. Additionally, 59 investors decreased positions by around 14,241,504 shares, while 43 investors held positions by with 131,407,004 shares. The mentioned changes placed institutional holdings at 177,098,748 shares, according to the latest SEC report filing. JOBY stock had 59 new institutional investments in for a total of 6,805,417 shares, while 30 institutional investors sold positions of 7,148,880 shares during the same period.

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