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Why Joby Aviation Inc (JOBY) Stock Could See Much Higher Prices Ahead

Joby Aviation Inc (NYSE: JOBY) is -26.02% lower on its value in year-to-date trading and has touched a low of $3.72 and a high of $11.98 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The JOBY stock was last observed hovering at around $5.14 in the last trading session, with the day’s loss setting it -0.22%.

Currently trading at $4.92, the stock is -6.54% and -11.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.1 million and changing -4.28% at the moment leaves the stock -25.91% off its SMA200. JOBY registered 19.42% gain for a year compared to 6-month loss of -23.72%. The firm has a 50-day simple moving average (SMA 50) of $2.38k and a 200-day simple moving average (SMA200) of -$5.56.

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The stock witnessed a -10.05% gain in the last 1 month and extending the period to 3 months gives it a -26.02%, and is -6.11% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.21% over the week and 4.07% over the month.

Joby Aviation Inc (JOBY) has around 1777 employees, a market worth around $3.46B and $1.03M in sales. Profit margin for the company is -49714.15%. Distance from 52-week low is 32.26% and -58.93% from its 52-week high. The company has generated returns on investments over the last 12 months (-48.37%).

Joby Aviation Inc quarterly earnings per share for the current quarter are estimated at -$0.17.The EPS is expected to grow by 6.11% this year, but quarterly earnings will post 151.60% year-over-year.

Joby Aviation Inc (JOBY) Top Institutional Holders

315 institutions hold shares in Joby Aviation Inc (JOBY), with institutional investors hold 65.74% of the company’s shares. The shares outstanding are 698.26M, and float is at 373.49M with Short Float at 19.77%. Institutions hold 41.50% of the Float.

The top institutional shareholder in the company is Baillie Gifford and Company with over 51.87 million shares valued at $532.21 million. The investor’s holdings represent 7.48% of the JOBY Shares outstanding. As of Jun 29, 2023, the second largest holder is Capricorn Investment Group LLC with 40.96 million shares valued at $420.2 million to account for 5.90% of the shares outstanding. The other top investors are Intel Corporation which holds 36.83 million shares representing 5.31% and valued at over $377.9 million, while Vanguard Group Inc holds 4.08% of the shares totaling 28.31 million with a market value of $290.47 million.

Joby Aviation Inc (JOBY) Insider Activity

The most recent transaction is an insider sale by Papadopoulos Didier,the company’sPresident of Aircraft OEM. SEC filings show that Papadopoulos Didier sold 3,267 shares of the company’s common stock on Mar 18 ’24 at a price of $5.13 per share for a total of $16760.0. Following the sale, the insider now owns 49623.0 shares.

Joby Aviation Inc disclosed in a document filed with the SEC on Mar 15 ’24 that Sciarra Paul Cahill (Director) sold a total of 202,080 shares of the company’s common stock. The trade occurred on Mar 15 ’24 and was made at $5.07 per share for $1.02 million. Following the transaction, the insider now directly holds 59.99 million shares of the JOBY stock.

Still, SEC filings show that on Mar 15 ’24, Papadopoulos Didier (President of Aircraft OEM) disposed off 4,217 shares at an average price of $5.12 for $21591.0. The insider now directly holds 52,890 shares of Joby Aviation Inc (JOBY).

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