Joby Aviation (JOBY) Projected to Post Earnings on Tuesday

Joby Aviation (NYSE:JOBY - Get Free Report) is anticipated to issue its Q1 2025 quarterly earnings data before the market opens on Tuesday, May 6th. Analysts expect the company to announce earnings of ($0.18) per share and revenue of $0.54 million for the quarter.

Joby Aviation Trading Up 0.2 %

JOBY stock traded up $0.02 during trading on Thursday, hitting $6.32. The company had a trading volume of 9,162,110 shares, compared to its average volume of 11,593,568. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of -9.02 and a beta of 2.35. The business has a 50 day moving average of $6.23 and a 200 day moving average of $7.00. Joby Aviation has a fifty-two week low of $4.66 and a fifty-two week high of $10.72.

Analyst Ratings Changes

JOBY has been the subject of several research analyst reports. Canaccord Genuity Group upped their price objective on shares of Joby Aviation from $9.75 to $11.50 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Morgan Stanley reissued an "equal weight" rating and issued a $7.00 price target (down from $10.00) on shares of Joby Aviation in a report on Friday, April 11th. HC Wainwright reissued a "buy" rating and issued a $9.00 price target on shares of Joby Aviation in a report on Wednesday. Needham & Company LLC reissued a "buy" rating and issued a $10.00 price target on shares of Joby Aviation in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. cut their price target on shares of Joby Aviation from $6.00 to $5.00 and set an "underweight" rating for the company in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Joby Aviation presently has an average rating of "Moderate Buy" and a consensus target price of $8.58.

Insiders Place Their Bets

In other news, CEO Joeben Bevirt sold 10,785 shares of the company's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $7.43, for a total value of $80,132.55. Following the transaction, the chief executive officer now owns 793,036 shares in the company, valued at $5,892,257.48. This represents a 1.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul Cahill Sciarra sold 333,334 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $8.02, for a total value of $2,673,338.68. Following the completion of the transaction, the director now owns 58,661,395 shares in the company, valued at $470,464,387.90. This represents a 0.57 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,002,161 shares of company stock worth $6,781,863. Company insiders own 32.40% of the company's stock.

Joby Aviation Company Profile

Joby Aviation, Inc, a vertically integrated air mobility company, engages in building an electric vertical takeoff and landing aircraft optimized to deliver air transportation as a service. The company intends to build an aerial ridesharing service, as well as developing an application-based platform that will enable consumers to book rides.