How does Joby Aviation Inc (JOBY) change from a tortoise to a hare?

With 4.66 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.94 shares. During the session, the Airports & Air Services company that operates in wider Industrials sector, reached to the highest price of $6.00 whereas the lowest price it dropped to was $5.78. The 52-week range on JOBY shows that it touched its highest point at $11.98 and its lowest point at $3.68 during that stretch. It currently has a 1-year price target of $7.83. Beta for the stock currently stands at 2.12.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of JOBY was up-trending over the past week, with a rise of 3.67%, but this was down by -2.31% over a month. Three-month performance surged to 6.46% while six-month performance fell -24.84%. The stock gained 36.01% in the past year, while it has lost -10.83% so far this year. A look at the trailing 12-month EPS for JOBY yields -0.74 with Next year EPS estimates of -0.67. For the next quarter, that number is -0.18. This implies an EPS growth rate of -79.86% for this year and 14.91% for next year.

Float and Shares Shorts:

At present, 622.60 million JOBY shares are outstanding with a float of 381.14 million shares on hand for trading. On Jan 31, 2024, short shares totaled 74.14 million, which was 10.65% higher than short shares on Dec 29, 2023. In addition to JOBY as the firm’s Joby Aviation, Inc., JOB serves as its GEE Group Inc..


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for JOBY since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With JOBY analysts setting a high price target of $11.00 and a low target of $5.00, the average target price over the next 12 months is $7.83. Based on these targets, JOBY could surge 85.5% to reach the target high and fall by -15.68% to reach the target low. Reaching the average price target will result in a growth of 32.04% from current levels.

Summary of Insider Activity:

Insiders traded JOBY stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 404,460 shares were sold. The number of buy transactions has increased to 49 while that of sell transactions has risen to 62 over the past year. The total number of shares bought during that period was 893,081 while 1,974,219 shares were sold.