What Are The Chances Of Joby Aviation Inc (NYSE: JOBY) Becoming A Clear Buy?

After Hours

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. The stock was recently discussed on Yahoo Finance as it revealed that Joby to Launch Air Taxi Service in UAE.

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Stocks Info

As a NYSE listed company, JOBY falls under the Industrials sector while operating within the Airports & Air Services industry segment. The current market capitalization of Joby Aviation Inc is $4.32B. A total of 4.13 million shares were traded on the day, compared to an average of 4.94M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, JOBY has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 49 BUYs and 62 SELLs from insiders. Insiders purchased 893,081 shares during that period but sold 1,974,219.

In the most recent transaction, Papadopoulos Didier sold 6,437 shares of JOBY for 6.03 per share on Feb 14. After the transaction, the President of Aircraft OEM now owns 34,789 company shares. In a previous transaction on Feb 14, Bevirt JoeBen sold 5,757 shares at 6.03 per share. JOBY shares that CEO and Chief Architect owns now total 604,437.

Among the insiders who sold shares, Simi Bonny W disposed of 5,395 shares on Feb 14 at a per-share price of $6.03. This resulted in the President of Operations holding 131,285 shares of JOBY after the transaction. In another insider transaction, Field Matthew sold 4,830 shares at $6.03 per share on Feb 14. Company shares held by the insider now total 245,006.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for JOBY in the last 3 months, the mean price target is $7.83 with high estimates of $11.00 and low estimates of $5.00. In terms of 52-week highs and lows, JOBY has a high of $11.98 and a low of $3.68.

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 -$0.17 per share and a lower estimate of -$0.2. The company reported an EPS of -$0.45 in the last quarter, which was -200.00% lower than expectations of -$0.15.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. JOBY’s latest balance sheet shows that the firm has $1.30B in Cash & Short Term Investments as of fiscal 2021. There were $0.00 in debt and $13.85M in liabilities at the time. Its Book Value Per Share was $1.60, while its Total Shareholder’s Equity was $1.32B.

Analysts Opinion

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, 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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