Joby Aviation Inc (NYSE:JOBY) shares, rose in value on Friday, April 05, with the stock price up by 1.29% to the previous day’s close as strong demand from buyers drove the stock to $4.96.
Actively observing the price movement in the recent trading, the stock is buoying the session at $4.90. The value of beta (5-year monthly) is 2.09. Referring to stock’s 52-week performance, its high was $11.98, and the low was $3.72. On the whole, JOBY has fluctuated by -5.82% over the past month.
With the market capitalization of Joby Aviation Inc currently standing at about $3.49 billion, investors are eagerly awaiting this quarter’s results, scheduled for Feb 21, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.17, which is expected to increase to -$0.17 for fiscal year -$0.74 and then to about -$0.75 by fiscal year 2025. Data indicates that the EPS growth is expected to be 6.30% in 2025, while the next year’s EPS growth is forecast to be -1.40%.
Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $3.1 million, representing an increase of 151.60% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that JOBY’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of JOBY currently trading nearly -4.80% and -10.29% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.85, while the 7-day volatility ratio is showing 3.58% which for the 30-day chart, stands at 3.94%. Furthermore, Joby Aviation Inc (JOBY)’s beta value is 2.07, and its average true range (ATR) is 0.22.
A comparison of Joby Aviation Inc (JOBY) with its peers suggests the former has fared considerably weaker in the market. JOBY showed an intraday change of 1.29% in today’s session so far, and over the past year, it grew by 16.78%%.
Data on historical trading for Joby Aviation Inc (NYSE:JOBY) indicates that the trading volumes over the past 10 days have averaged 4.64 million and over the past 3 months, they’ve averaged 5.06 million. According to company’s latest data on outstanding shares, there are 698.26 million shares outstanding.
Nearly 46.86% of Joby Aviation Inc’s shares belong to company insiders and institutional investors own 30.77% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 73.84 million shares as on Mar 15, 2024, resulting in a short ratio of 12.79. According to the data, the short interest in Joby Aviation Inc (JOBY) stood at 10.51% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 73.4 million. The stock has fallen by -25.37% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the JOBY stock heading into the next quarter.
