Joby Aviation, Inc. (NYSE:JOBY – Get Free Report) insider Gregory Bowles sold 26,775 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $5.14, for a total transaction of $137,623.50. Following the completion of the sale, the insider now directly owns 18,035 shares in the company, valued at approximately $92,699.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Joby Aviation Stock Performance
NYSE:JOBY traded up $0.02 during mid-day trading on Tuesday, hitting $5.15. The stock had a trading volume of 4,778,914 shares, compared to its average volume of 5,510,563. The company’s 50 day simple moving average is $5.40 and its 200 day simple moving average is $5.21. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of -6.77 and a beta of 1.97. Joby Aviation, Inc. has a twelve month low of $4.50 and a twelve month high of $7.69.
Joby Aviation (NYSE:JOBY – Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported ($0.18) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.18). The business had revenue of $0.28 million for the quarter, compared to analyst estimates of $0.28 million. During the same period in the previous year, the firm posted ($0.17) earnings per share. As a group, equities analysts forecast that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.
Hedge Funds Weigh In On Joby Aviation
Analysts Set New Price Targets
Several brokerages have issued reports on JOBY. JPMorgan Chase & Co. lifted their price target on shares of Joby Aviation from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 target price on shares of Joby Aviation in a research report on Monday. Canaccord Genuity Group reduced their price target on Joby Aviation from $11.00 to $10.50 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, HC Wainwright initiated coverage on Joby Aviation in a research note on Tuesday, September 3rd. They issued a “buy” rating and a $9.00 price target for the company.
View Our Latest Stock Analysis on Joby Aviation
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.
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