Joby Aviation Inc. [JOBY] is -31.23% lower this YTD. Is it still time to buy?
Joby Aviation Company [NYSE: JOBY] The price fell -4.74 percent to -0.25 dollars. Company report on August 11, 2022 Joby Aviation is to announce its financial results for the second quarter of 2022.
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Joby Aviation, Inc. (NYSE: JOBY), a California-based company developing electric vertical take-off and landing (“eVTOL”) aircraft, reports its financial results for the second quarter of 2022. Please visit the Joby investor relations website https://ir. jobyaviation.com/ to showcase its shareholder letter for Q2 2022. Today the company will host a live online podcast of its conference call to discuss the results at 2:30 PM PT (5:30 PM ET).
A total of 3681708 shares were traded during the last session while the average daily trading volume was 3.89 million shares. Joby Aviation Inc. shares have arrived. It reached a high of $5.31 and dropped to $4,945 until it ended the last session at $5.02.
JOBY’s one-year stock outlook is for a potential rise of 41.63. JOBY stock currently has an average equity rating of 2.70, and is trading near a bullish pattern in the stock market.
A teacher’s opinion of Joby Aviation Inc. [JOBY]:
Based on careful and fact-backed analysis by Wall Street experts, the current consensus on JOBY’s stock price target is $8.60 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus on JOBY stock is a set recommendation at 2.70. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.
Raymond James has made an appreciation for the shares of Joby Aviation Inc. , retaining their opinion on the stock as Mkt Perform, with their previous recommendation on July 27, 2022. While these analysts held the previous recommendation, JP Morgan raised its target price to Neutral. The new price target note was released on April 28, 2022, which is the official target price for Joby Aviation Inc.’s stock. Previously, the target price had taken another increase to $8, while Deutsche Bank analysts maintained a suspended rating on JOBY stock.
The Average True Range (ATR) was determined for Joby Aviation Inc. at 0.27 and the price-to-book ratio for the fourth quarter was 2.38, with the price-to-cash per share in the same quarter set at 1.80.
JOBY stock performance analysis:
Joby Aviation Company [JOBY] It fell into the red at the end of last week, fell in a negative direction and fell by -12.85. With this latest performance, JOBY’s shares are down -5.28% over the past four-week period, as well as -9.71% over the past six months — not to mention a -48.09% drop in the last year of trading.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for JOBY stock for the past two weeks was set at 36.72, with the RSI for the last one trading at 29.63, and the three-week RSI set at 41.11 for Joby Aviation Inc. [JOBY]. The current moving average for the last 50 trading days of this stock is 5.64, while it recorded at 5.31 for the last trading week, and 5.47 for the last 200 days.
An insight into the basics of Joby Aviation Inc.
The return on equity for this stock fell to -18.17, with the return on assets remaining at -16.54.
The liquidity data of Joby Aviation Inc. Interesting too, with the quick ratio at 39.20 and the current ratio at 39.20.
JOBY stock EPS
The company’s progress can be seen through the prism of the EPS growth rate, while Wall Street analysts focus on a 5-year EPS growth forecast for JOBY. When it comes to the stated value, analysts expect 5-year EPS growth to rise for Joby Aviation Inc. to -11.81%.
Joby Aviation Company [JOBY] Insider position details
There are currently approximately $889 million, or 28.90% of JOBY’s stock, in the hands of institutional investors. The three largest corporate owners of JOBY shares are: INTEL CORP with ownership of 46,040,786, which is approximately 0% of the company’s market capitalization and about 0.20% of the total corporate ownership; Capricorn Investment Group LLC. and VANGUARD GROUP INC., which currently holds $101.68 million in JOBY stock with ownership of approximately 40.601% of the company’s market capitalization.
Positions increased in the shares of Joby Aviation Inc. held by institutional investors at the end of August and at the time of the August report, as 87 institutional owners consolidated their positions in Joby Aviation Inc. [NYSE:JOBY] About 314,50240 shares. In addition, the number of 59 investors decreased by about 14,241,504 shares, while 43 investors held positions with 131,407,004 shares. The said changes put institutional holdings at 177,098,748 shares, according to the latest report from the Securities and Exchange Commission. Joby’s stock included 59 new institutional investments with a total of 6,805,417 shares, while 30 institutional investors sold deals totaling 7,148,880 shares during the same period.