Joby Aviation, Inc. (NYSE:JOBY - Get Free Report)'s stock price was up 13.8% during trading on Wednesday . The company traded as high as $16.20 and last traded at $15.88. Approximately 39,557,330 shares were traded during mid-day trading, an increase of 154% from the average daily volume of 15,602,431 shares. The stock had previously closed at $13.95.
Analysts Set New Price Targets
A number of equities analysts have commented on JOBY shares. Cantor Fitzgerald restated a "neutral" rating and issued a $9.00 price target on shares of Joby Aviation in a research report on Monday, June 23rd. Morgan Stanley restated an "equal weight" rating and issued a $7.00 price target (down from $10.00) on shares of Joby Aviation in a research report on Friday, April 11th. Wall Street Zen upgraded shares of Joby Aviation from a "sell" rating to a "hold" rating in a research report on Saturday. HC Wainwright reaffirmed a "buy" rating and issued a $13.00 target price (up from $9.00) on shares of Joby Aviation in a research note on Monday, June 9th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and issued a $12.00 target price on shares of Joby Aviation in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $9.33.
Check Out Our Latest Stock Report on JOBY
Joby Aviation Price Performance
The company has a market capitalization of $12.97 billion, a P/E ratio of -19.50 and a beta of 2.47. The stock's 50 day simple moving average is $8.96 and its two-hundred day simple moving average is $7.74.
Joby Aviation (NYSE:JOBY - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share for the quarter, topping analysts' consensus estimates of ($0.18) by $0.07. Joby Aviation had a negative net margin of 447,083.78% and a negative return on equity of 63.27%. During the same period in the prior year, the firm earned ($0.14) earnings per share. As a group, equities research analysts expect that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.
Insider Buying and Selling at Joby Aviation
In related news, Director Paul Cahill Sciarra sold 500,001 shares of the business's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $12.38, for a total transaction of $6,190,012.38. Following the completion of the sale, the director directly owned 57,328,059 shares of the company's stock, valued at $709,721,370.42. The trade was a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Didier Papadopoulos sold 5,102 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $10.28, for a total transaction of $52,448.56. Following the sale, the insider directly owned 84,953 shares of the company's stock, valued at approximately $873,316.84. This trade represents a 5.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,046,702 shares of company stock valued at $20,283,383 over the last 90 days. Company insiders own 28.50% of the company's stock.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in Joby Aviation by 773.9% during the first quarter. GAMMA Investing LLC now owns 5,663 shares of the company's stock valued at $34,000 after purchasing an additional 5,015 shares during the period. Strs Ohio acquired a new position in Joby Aviation during the first quarter valued at approximately $37,000. Whittier Trust Co. acquired a new position in Joby Aviation during the fourth quarter valued at approximately $38,000. Toronto Dominion Bank acquired a new position in Joby Aviation during the fourth quarter valued at approximately $41,000. Finally, Carolinas Wealth Consulting LLC acquired a new position in Joby Aviation during the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 52.85% of the company's stock.
About Joby Aviation
(
Get Free Report)
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.
See Also
Before you consider Joby Aviation, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Joby Aviation wasn't on the list.
While Joby Aviation currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
