A major move is in the offing as Joby Aviation Inc (JOBY) market cap hits 6.94 billion

Joby Aviation Inc (NYSE: JOBY) kicked off on Monday, down -9.39% from the previous trading day, before settling in for the closing price of $8.95. Over the past 52 weeks, JOBY has traded in a range of $4.50-$9.33.

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While this was happening, its average annual earnings per share was recorded 9.12%. With a float of $435.70 million, this company’s outstanding shares have now reached $717.09 million.

Let’s determine the extent of company efficiency that accounts for 1777 employees. In terms of profitability, gross margin is -2198.11%, operating margin of -113461.37%, and the pretax margin is -42788.86%.

Joby Aviation Inc (JOBY) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Airports & Air Services Industry. The insider ownership of Joby Aviation Inc is 43.05%, while institutional ownership is 29.72%. The most recent insider transaction that took place on Nov 25 ’24, was worth 62,635. In this transaction an insider of this company sold 7,748 shares at a rate of $8.08, taking the stock ownership to the 29,235 shares. Before that another transaction happened on Nov 25 ’24, when Company’s President of Aircraft OEM sold 1,835 for $8.00, making the entire transaction worth $14,680. This insider now owns 49,140 shares in total.

Joby Aviation Inc (JOBY) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported -0.17 earnings per share (EPS), higher than consensus estimate (set at -0.18) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 9.12% per share during the next fiscal year.

Joby Aviation Inc (NYSE: JOBY) Trading Performance Indicators

Take a look at Joby Aviation Inc’s (JOBY) current performance indicators. Last quarter, stock had a quick ratio of 16.12. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6253.76.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.69, a number that is poised to hit -0.19 in the next quarter and is forecasted to reach -0.71 in one year’s time.

Technical Analysis of Joby Aviation Inc (JOBY)

Looking closely at Joby Aviation Inc (NYSE: JOBY), its last 5-days average volume was 28.94 million, which is a jump from its year-to-date volume of 8.18 million. As of the previous 9 days, the stock’s Stochastic %D was 79.46%. Additionally, its Average True Range was 0.66.

During the past 100 days, Joby Aviation Inc’s (JOBY) raw stochastic average was set at 73.88%, which indicates a significant increase from 68.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 113.06% in the past 14 days, which was higher than the 88.12% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $5.84, while its 200-day Moving Average is $5.40. However, in the short run, Joby Aviation Inc’s stock first resistance to watch stands at $9.02. Second resistance stands at $9.92. The third major resistance level sits at $10.53. If the price goes on to break the first support level at $7.51, it is likely to go to the next support level at $6.90. Should the price break the second support level, the third support level stands at $6.00.

Joby Aviation Inc (NYSE: JOBY) Key Stats

The company with the Market Capitalisation of 6.94 billion has total of 765,086K Shares Outstanding. Its annual sales at the moment are 1,030 K in contrast with the sum of -513,050 K annual income. Company’s last quarter sales were recorded 30 K and last quarter income was -143,880 K.