Joby Aviation Inc (NYSE:JOBY) traded at $5.22 at last check on Monday, April 29, made a downward move of -2.34% on its previous day’s price.
Looking at the stock we see that its previous close was $5.35. In terms of its 52-week price range, JOBY has a high of $11.98 and a low of $3.83. The company’s stock has lost about -2.52% over that past 30 days.
Joby Aviation Inc has a market cap of $3.67 billion. Estimates by analysts give the company expected earnings per share (EPS) of -$0.17, with the EPS growth for the year raised at -$0.74 for 2024 and -$0.75 for next year. These figures represent 6.30% and -1.40% growth in EPS for the two years respectively.
According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $2.7 million, or 119.20% up from figures reported last year.
On the other hand, looking at the outlook for the JOBY stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is 8.03% off its SMA20 and 0.34% from its 50-day simple moving average. The RSI (14) is pointing at 58.01 while the volatility over the past week is 6.11% and jumps to 4.08% over the past one month. The beta value is 2.03, while the average true range (ATR) is currently pointing at 0.22.
Coming back to Joby Aviation Inc (NYSE:JOBY), we note that the average 3-month trading volume was 5.08 million. Current shares outstanding are 698.26 million.
The insiders hold 46.85% of the company’s shares while institutions hold 31.54%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -21.43% down in year-to-date price movement.
