Joby Aviation (JOBY) Expected to Announce Quarterly Earnings on Wednesday

Joby Aviation (NYSE:JOBY - Get Free Report) is projected to release its earnings data after the market closes on Wednesday, February 19th. Analysts expect Joby Aviation to post earnings of ($0.18) per share and revenue of $0.05 million for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

Joby Aviation Price Performance

Shares of JOBY traded up $0.28 during mid-day trading on Friday, reaching $7.86. The company's stock had a trading volume of 14,010,559 shares, compared to its average volume of 10,840,079. Joby Aviation has a 12-month low of $4.50 and a 12-month high of $10.72. The stock has a market cap of $6.01 billion, a PE ratio of -11.22 and a beta of 2.33. The company's 50 day moving average is $8.30 and its 200 day moving average is $6.60.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Needham & Company LLC raised their price objective on shares of Joby Aviation from $8.00 to $10.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Canaccord Genuity Group lifted their price target on shares of Joby Aviation from $9.75 to $11.50 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. HC Wainwright restated a "buy" rating and issued a $9.00 price objective on shares of Joby Aviation in a research note on Wednesday, December 18th. Finally, JPMorgan Chase & Co. downgraded Joby Aviation from a "neutral" rating to an "underweight" rating and raised their price target for the stock from $5.00 to $6.00 in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Joby Aviation has a consensus rating of "Moderate Buy" and an average price target of $9.30.

Insider Transactions at Joby Aviation

In related news, insider Gregory Bowles sold 7,748 shares of the company's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $8.08, for a total value of $62,603.84. Following the sale, the insider now owns 29,235 shares of the company's stock, valued at approximately $236,218.80. This represents a 20.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joeben Bevirt sold 10,785 shares of the firm's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $7.43, for a total transaction of $80,132.55. Following the sale, the chief executive officer now directly owns 793,036 shares in the company, valued at $5,892,257.48. This represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,025,284 shares of company stock worth $8,683,241. Company insiders own 32.40% of the company's stock.

Joby Aviation Company Profile

Joby Aviation, Inc, a vertically integrated air mobility company, engages in building an electric vertical takeoff and landing aircraft optimized to deliver air transportation as a service. The company intends to build an aerial ridesharing service, as well as developing an application-based platform that will enable consumers to book rides.