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Sunday, April 2, 2023

Joby Aviation Inc. (JOBY): A Case For Going Higher

After Hours

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. After-hours trades for Joby Aviation Inc. (JOBY) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.04, or 1.00%, to $4.06. The Joby Aviation Inc. has recorded 23,444 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Joby Aviation Reports Fourth Quarter and Full Year 2022 Financial Results.

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Stocks Info

The company is listed on the NYSE and operates within the Airports & Air Services industry segment. At the end of the last regular session, the stock closed at $4.02 and fluctuated between $4.2500 as its day high and $4.0200 as its day low. The current market capitalization of Joby Aviation Inc. is $2.38B. A total of 1.7 million shares were traded on the day, compared to an average of 3.11M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, JOBY has seen 37 BUY and 13 SELL insider trades, representing the acquisition of 6,302,467 and the disposition of 5,008,698 shares. Over the last 12 months, there were 83 BUYs and 39 SELLs from insiders. Insiders purchased 8,079,163 shares during that period but sold 6,195,859.

In the most recent transaction, Bowles Gregory sold 42,151 shares of JOBY for 5.00 per share on Feb 23. After the transaction, the insider now owns 32,851 company shares. In a previous transaction on Feb 23, Bevirt JoeBen sold 29,434 shares at 5.00 per share. JOBY shares that CEO and Chief Architect owns now total 59,406,823.

Among the insiders who sold shares, Papadopoulos Didier disposed of 20,325 shares on Feb 23 at a per-share price of $5.00. This resulted in the Head of Aircraft OEM holding 120,486 shares of JOBY after the transaction. In another insider transaction, Bowles Gregory sold 3,378 shares at $4.24 per share on Feb 22. Company shares held by the insider now total 75,002.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for JOBY in the last 3 months, the mean price target is $6.88 with high estimates of $10.00 and low estimates of $4.00. In terms of 52-week highs and lows, JOBY has a high of $7.15 and a low of $3.15.

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 4 estimates, with a high estimate of -$0.13 per share and a lower estimate of -$0.19. The company reported an EPS of -$0.09 in the last quarter, which was 35.70% higher than expectations of -$0.14.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 3.33. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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