Joby Aviation Inc (NYSE:JOBY) at last check was buoying at $5.23 on Thursday, March 21, with a rise of 0.97% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $5.18 and 5Y monthly beta was reading 2.09. Considering stock’s 52-week price range provides that JOBY hit a high price of $11.98 and saw its price falling to a low level of $3.72 during that period. Over a period of past 1-month, stock came subtracting -13.84% in its value.
With its current market valuation of $3.68 billion, Joby Aviation Inc is set to declare its quarterly results on Feb 21, 2024. Analysts are in estimates of -$0.17 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to -$0.74 for 2024 with estimates of that growing to -$0.75 in next year. These estimates are suggesting current year growth of 6.30% for EPS and -1.40% growth next year.
In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $3.1 million in 2024, which will be 151.60% more from revenue generated by the company last year.
In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review JOBY stock’s current outlook then short term indicators are assigning it an average of 100% Sell, while medium term indicators are categorizing the stock at an average of 100% Sell. Long term indicators are suggesting an average of 100% Sell for it.
Digging deeper we become aware of the PEG ratio of the JOBY stock which is currently positioned at 0. It further provides that stock’s current price level is -2.17% away from its 20-day simple moving average and is -7.73% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 43.69 while volatility remained at 4.43% over the past week which changes to 4.96% when measuring it over the past month. Beta is valued at 2.07, while measure of average true range or ATR is currently at 0.25.
Having a second look at Joby Aviation Inc (NYSE:JOBY) provides that stock’s average daily trading volume for 3 months was 5.04 million. Number of outstanding shares of the stock stood at 698.26 million.
The percentage of outstanding shares held by the insiders is 46.89% while it is 30.73% for the institutional holders. Subtraction of -21.35% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
