Joby Aviation (NYSE:JOBY - Get Free Report) posted its earnings results on Wednesday. The company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.02), Briefing.com reports. The business had revenue of $0.28 million for the quarter, compared to analyst estimates of $0.06 million. During the same quarter last year, the business earned ($0.13) earnings per share.
Joby Aviation Stock Up 0.4 %
Shares of Joby Aviation stock traded up $0.02 during midday trading on Thursday, hitting $5.09. The company had a trading volume of 17,222,351 shares, compared to its average volume of 7,056,318. The company has a fifty day simple moving average of $5.31 and a 200 day simple moving average of $5.30. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of -10.39 and a beta of 1.97. Joby Aviation has a 12-month low of $4.50 and a 12-month high of $7.69.
Analyst Ratings Changes
A number of research firms have weighed in on JOBY. JPMorgan Chase & Co. decreased their price target on Joby Aviation from $6.00 to $5.00 and set a "neutral" rating for the company in a report on Tuesday, October 29th. HC Wainwright reiterated a "buy" rating and issued a $9.00 price target on shares of Joby Aviation in a report on Wednesday, October 2nd. Canaccord Genuity Group decreased their target price on shares of Joby Aviation from $10.50 to $9.75 and set a "buy" rating on the stock in a report on Tuesday, October 29th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $10.00 price objective on shares of Joby Aviation in a report on Monday, September 30th.
View Our Latest Stock Report on Joby Aviation
Insider Transactions at Joby Aviation
In other Joby Aviation news, CEO Joeben Bevirt sold 250,000 shares of the company's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $4.85, for a total value of $1,212,500.00. Following the transaction, the chief executive officer now directly owns 32,674,274 shares of the company's stock, valued at $158,470,228.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Joeben Bevirt sold 250,000 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $4.85, for a total transaction of $1,212,500.00. Following the transaction, the chief executive officer now owns 32,674,274 shares of the company's stock, valued at $158,470,228.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kate Dehoff sold 27,898 shares of the company's stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $5.50, for a total transaction of $153,439.00. Following the transaction, the insider now directly owns 199,413 shares of the company's stock, valued at approximately $1,096,771.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 525,499 shares of company stock valued at $2,667,151. 32.40% of the stock is currently owned by corporate insiders.
Joby Aviation Company Profile
(
Get Free Report)
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.
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