Joby Aviation (NYSE:JOBY) Trading Up 4.9%

Joby Aviation’s Stock Rises during Mid-Day Trading #

Joby Aviation, Inc. experienced a 4.9% increase in its stock price during mid-day trading on Thursday. The stock traded as high as $6.98 and last traded at $6.89. Trading activity saw approximately 1,114,270 shares change hands. This represented a decline of 81% from the average daily volume of 5,799,401 shares. The stock had closed the previous day at $6.57.

Analysts have set new price targets for Joby Aviation. Cantor Fitzgerald affirmed an ‘overweight’ rating and a $10.00 price target, while two investment analysts rated the stock as ‘sell’ and three as ‘buy’. The average rating for Joby Aviation is ‘Hold’, with an average price target of $7.60.

Joby Aviation’s stock performance shows a fifty-day simple moving average of $6.07 and a 200-day simple moving average of $7.09. With a market cap of $4.79 billion, a P/E ratio of -9.21, and a beta of 2.12, the company recently reported $0.02 higher EPS than the consensus estimate.

Insider activity saw Kate Dehoff, an insider, sell 5,637 shares of Joby Aviation stock at an average price of $6.13. The total value of the transaction was $34,554.81. Following the sale, the insider holds 165,550 shares valued at approximately $1,014,821.50. Another insider, Didier Papadopoulos, sold 3,646 shares at an average price of $6.92, with a total transaction value of $25,230.32. Insiders collectively sold 901,186 shares of company stock valued at $5,784,298 over the past three months.

Recent changes in institutional holdings include Harbour Investments Inc.’s increased stake by 155.0%, Sittner & Nelson LLC raising its position by 100.0%, PNC Financial Services Group Inc.’s ownership lifting by 254.2%, FMR LLC boosting its holdings by 60.7%, and Harbor Investment Advisory LLC increasing its stake by 466.7%.

Joby Aviation, Inc. is an air mobility company focused on building electric vertical takeoff and landing aircraft for air transportation services. The company plans to establish an aerial ridesharing service and develop an application-based platform for consumers to book rides.