Joby Aviation Inc (NYSE:JOBY) shares, rose in value on Friday, April 26, with the stock price up by 2.01% to the previous day’s close as strong demand from buyers drove the stock to $5.20.
Actively observing the price movement in the recent trading, the stock is buoying the session at $5.10. Referring to stock’s 52-week performance, its high was $11.98, and the low was $3.74. On the whole, JOBY has fluctuated by -4.01% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that JOBY’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% 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 7.55% and -0.44% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.14, while the 7-day volatility ratio is showing 5.55% which for the 30-day chart, stands at 3.94%. Furthermore, Joby Aviation Inc (JOBY)’s beta value is 2.04, 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 2.01% in today’s session so far, and over the past year, it grew by 36.19%%.
Data on historical trading for Joby Aviation Inc (NYSE:JOBY) indicates that the trading volumes over the past 3 months, they’ve averaged 5.02 million. According to company’s latest data on outstanding shares, there are 698.26 million shares outstanding.
Nearly 46.85% of Joby Aviation Inc’s shares belong to company insiders and institutional investors own 31.57% of the company’s shares. The stock has fallen by -21.77% 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.
