There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Joby Aviation Inc. (JOBY) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.08, or -1.50%, to $5.27. Volume reached 44,255 shares, with price reaching a high of $5.38 and a low of $5.25. Earlier, Yahoo Finance discussed this stock as it revealed Joby Aviation Reports Second Quarter 2022 Financial Results.
This NYSE-listed company operates within the Airports & Air Services industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $5.27 and fluctuated between $5.49 as its day high and $5.26 as its day low. The current market capitalization of Joby Aviation Inc. is $3.37B. A total of 2.14 million shares were traded on the day, compared to an average of 3.96M shares.
Insider trades can also provide insight into a stock’s future direction. During the recent three months, JOBY has seen 22 BUY and 8 SELL insider trades, representing the acquisition of 1,188,013 and the disposition of 418,148 shares. Over the last 12 months, there were 43 BUYs and 14 SELLs from insiders. Insiders purchased 57,117,247 shares during that period but sold 119,702,564.
In the most recent transaction, Field Matthew sold 7,000 shares of JOBY for 5.50 per share on Sep 19. After the transaction, the now owns 97,738 company shares. In a previous transaction on Aug 25, Papadopoulos Didier sold 40,000 shares at 5.50 per share. JOBY shares that owns now total 18,128.
Among the insiders who bought shares, Bevirt JoeBen acquired of 35,000 shares on Jul 21 at a per-share price of $5.53. This resulted in the CEO and Chief Architect holding 54,549,028 shares of JOBY after the transaction. In another insider transaction, Lang Justin sold 35,000 shares at $5.53 per share on Jul 21. Company shares held by the now total 42,786.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for JOBY in the last 3 months, the mean price target is $8.60 with high estimates of $12.00 and low estimates of $6.00. In terms of 52-week highs and lows, JOBY has a high of $11.10 and a low of $3.61.
As of this writing, JOBY has an earnings estimate of $-0.16 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $-0.15 per share and a lower estimate of $-0.16.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 6 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for JOBY is Overweight with a score of 3.67. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 4 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.