With 9.77 million shares changed hands, the volume of the stock remained lighter than its average volume of 15.08 million shares. The 52-week range on JOBY shows that it touched its highest point at $10.72 and its lowest point at $4.50 during that stretch. It currently has a 1-year price target of $8.06. Beta for the stock currently stands at 2.33.
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 down-trending over the past week, with a drop of -5.43%, but this was down by -17.76% over a month. Three-month performance dropped to -15.67% while six-month performance rose 35.66%. The stock gained 28.79% in the past year, while it has lost -18.57% so far this year. A look at the trailing 12-month EPS for JOBY yields -0.86 with Next year EPS estimates of -0.71. For the next quarter, that number is -0.18. This implies an EPS growth rate of 13.95% for this year and 5.28% for next year. EPS is expected to grow by 7.93% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 5.69%.
Float and Shares Shorts:
At present, 784.18 million JOBY shares are outstanding with a float of 432.26 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for JOBY since 4 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.59356 being high and -$0.80183 being low. For JOBY, this leads to a yearly average estimate of -$0.71852. Based on analyst estimates, the high estimate for the next quarter is -$0.18 and the low estimate is -$0.18. The average estimate for the next quarter is thus -$0.18.
