While Joby Aviation Inc has overperformed by 9.27%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, JOBY rose by 40.10%, with highs and lows ranging from $9.33 to $4.50, whereas the simple moving average jumped by 62.29% in the last 200 days.
On November 19, 2024, Needham started tracking Joby Aviation Inc (NYSE: JOBY) recommending Buy. A report published by H.C. Wainwright on September 03, 2024, Initiated its previous ‘Buy’ rating for JOBY. JP Morgan also Upgraded JOBY shares as ‘Neutral’, setting a target price of $5 on the company’s shares in a report dated May 03, 2024. JP Morgan July 19, 2023d the rating to Underweight on July 19, 2023, and set its price target from $5 to $6. Canaccord Genuity initiated its ‘Buy’ rating for JOBY, as published in its report on June 09, 2023. Deutsche Bank’s report from March 07, 2023 suggests a price prediction of $4 for JOBY shares, giving the stock a ‘Sell’ rating. Raymond James also rated the stock as ‘Mkt Perform’.
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Analysis of Joby Aviation Inc (JOBY)
To gain a thorough understanding of Joby Aviation Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -50.45% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 16.12, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and JOBY is recording an average volume of 15.68M. On a monthly basis, the volatility of the stock is set at 10.10%, whereas on a weekly basis, it is put at 11.89%, with a loss of -1.23% over the past seven days. Furthermore, long-term investors anticipate a median target price of $7.47, showing decline from the present price of $8.84, which can serve as yet another indication of whether JOBY is worth investing in or should be passed over.
How Do You Analyze Joby Aviation Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 43.05%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 29.75% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
JOBY shares are owned by institutional investors to the tune of 29.75% at present.
