Joby Aviation Inc [NYSE: JOBY] loss -7.90% or -0.75 points to close at $8.74 with a heavy trading volume of 19845008 shares.
The daily chart for JOBY points out that the company has recorded 40.74% gains over the past six months.
If we look at the average trading volume of 19.10M shares, JOBY reached to a volume of 19845008 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $7.81 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 2.33. 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 Underweight, with their previous recommendation back on January 10, 2025. While these analysts kept the previous recommendation, Needham raised their target price to Buy. The new note on the price target was released on November 19, 2024, representing the official price target for Joby Aviation Inc stock. Previously, the target price had yet another raise to $9, while H.C. Wainwright analysts kept a Buy rating on JOBY stock.
The Average True Range (ATR) for Joby Aviation Inc is set at 0.80, with the Price to Sales ratio for JOBY stock in the period of the last 12 months amounting to 6024.19. The Price to Book ratio for the last quarter was 8.02, with the Price to Cash per share for the same quarter was set at 0.93.
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 8.03. With this latest performance, JOBY shares gained by 2.46% in over the last four-week period, additionally plugging by 40.74% over the last 6 months – not to mention a rise of 42.11% 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 52.95, with the RSI for the last a single of trading hit 49.93, and the three-weeks RSI is set at 54.54 for Joby Aviation Inc [JOBY]. The present Moving Average for the last 50 days of trading for this stock 7.35, while it was recorded at 9.62 for the last single week of trading, and 5.79 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 16.12 and a Current Ratio set at 16.12.
An analysis of Institutional ownership at Joby Aviation Inc [JOBY]
There are presently around $39.96%, or 60.58%% 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%.
