Joby Aviation Inc [NYSE: JOBY] gained 1.96% on the last trading session, reaching $5.21 price per share at the time.
If compared to the average trading volume of 6.66M shares, JOBY reached a trading volume of 4348271 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about 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 $7.62 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 2.60. 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.
JP Morgan have made an estimate for Joby Aviation Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 03, 2024. While these analysts kept the previous recommendation, JP Morgan raised their target price from $5 to $6. The new note on the price target was released on July 19, 2023, representing the official price target for Joby Aviation Inc stock. Previously, the target price had yet another raise to $8, while Canaccord Genuity analysts kept a Buy rating on JOBY stock. On March 07, 2023, analysts decreased their price target for JOBY shares from 6 to 4.
The Average True Range (ATR) for Joby Aviation Inc is set at 0.29, with the Price to Sales ratio for JOBY stock in the period of the last 12 months amounting to 3454.71. The Price to Book ratio for the last quarter was 4.16, with the Price to Cash per share for the same quarter was set at 1.15.
Trading performance analysis for JOBY stock
Joby Aviation Inc [JOBY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.58. With this latest performance, JOBY shares dropped by -17.30% in over the last four-week period, additionally sinking by -4.75% over the last 6 months – not to mention a drop of -25.25% 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 46.97, with the RSI for the last a single of trading hit 48.78, and the three-weeks RSI is set at 47.27 for Joby Aviation Inc [JOBY]. The present Moving Average for the last 50 days of trading for this stock 5.51, while it was recorded at 5.12 for the last single week of trading, and 5.56 for the last 200 days.
Joby Aviation Inc [JOBY]: A deeper dive into fundamental analysis
Joby Aviation Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 19.87 and a Current Ratio set at 19.87.
Joby Aviation Inc [JOBY]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Joby Aviation Inc posted 0/share EPS, while the average EPS was predicted by analysts to be reported at -0.18/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.18. 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%.
An analysis of Institutional ownership at Joby Aviation Inc [JOBY]
There are presently around $42.83%, or 67.28%% of JOBY stock, in the hands of institutional investors. The top three institutional holders of JOBY stocks are: BAILLIE GIFFORD & CO with ownership of 52.87 million shares, which is approximately 7.755%. CAPRICORN INVESTMENT GROUP LLC, holding 40.36 million shares of the stock with an approximate value of $$184.07 million in JOBY stocks shares; and CAPRICORN INVESTMENT GROUP LLC, currently with $$200.32 million in JOBY stock with ownership which is approximately 5.7614%.
