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Friday, September 29, 2023

Joby Aviation Inc. (NYSE: JOBY) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Joby Aviation Inc. (JOBY) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $7.33. The Joby Aviation Inc. has recorded 174,989 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Joby Aviation Reports Second Quarter 2023 Results.

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Stocks Info

Joby Aviation Inc. is listed on the NYSE in the Industrials sector while operating in the Airports & Air Services industry. At the end of the last regular session, the stock closed at $7.33 and fluctuated between $7.52 as its day high and $7.30 as its day low. The current market capitalization of Joby Aviation Inc. is $5.17B. A total of 2.91 million shares were traded on the day, compared to an average of 10.23M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, JOBY has seen 19 BUY and 26 SELL insider trades, representing the acquisition of 414,403 and the disposition of 3,710,407 shares. Over the last 12 months, there were 84 BUYs and 74 SELLs from insiders. Insiders purchased 9,626,119 shares during that period but sold 12,003,205.

In the most recent transaction, Bowles Gregory sold 7,749 shares of JOBY for 7.28 per share on Aug 23. After the transaction, the insider now owns 15,245 company shares. In a previous transaction on Aug 22, Bowles Gregory sold 3,407 shares at 7.14 per share. JOBY shares that owns now total 22,994.

Among the insiders who sold shares, Field Matthew disposed of 52,250 shares on Aug 04 at a per-share price of $8.23. This resulted in the insider holding 204,179 shares of JOBY after the transaction. In another insider transaction, DeHoff Kate sold 10,432 shares at $9.95 per share on Jul 14. Company shares held by the insider now total 155,885.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for JOBY in the last 3 months, the mean price target is $8.33 with high estimates of $11.00 and low estimates of $6.00. In terms of 52-week highs and lows, JOBY has a high of $11.98 and a low of $3.15.

As of this writing, JOBY has an earnings estimate of -$0.18 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.14 per share and a lower estimate of -$0.2. The company reported an EPS of -$0.19 in the last quarter, which was -35.70% lower than expectations of -$0.14.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. JOBY’s latest balance sheet shows that the firm has $1.30B in Cash & Short Term Investments as of fiscal 2021. There were $2.39M in debt and $13.85M in liabilities at the time. Its Book Value Per Share was $1.70, while its Total Shareholder’s Equity was $1.32B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 3.29.

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