Sunday, June 26, 2022

Taking a Closer Look At Joby Aviation Inc. (JOBY) Following Its Recent Trade

Joby Aviation Inc.’s recently made public that its CEO and Chief Architect Bevirt JoeBen acquired Company’s shares for reported $0.31 million on May 27. In the deal valued at $5.67 per share,55,137 shares were bought. As a result of this transaction, Bevirt JoeBen now holds 54,514,028 shares worth roughly $ 273.12 million.


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Then, Sciarra Paul Cahill bought 55,137 shares, generating $312,627 in total proceeds. Upon buying the shares at $5.67, the Director now owns 60,196,805 shares.

Before that, Simi Bonny W sold 75,000 shares. Joby Aviation Inc. shares valued at $425,250 were divested by the at a price of $5.67 per share. As a result of the transaction, Simi Bonny W now holds 179,531 shares, worth roughly $0.9 million.

As this happened, JP Morgan initiated its Joby Aviation Inc. [JOBY] rating to a Neutral in a research note published on Tuesday, April 28, 2022; the price target was $7. PT values the company’s stock at a premium of 28.43 to its Tuesday closing price. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in mid April with a ‘”a Hold”‘ rating. Cantor Fitzgerald began covering JOBY with a “an Overweight” recommendation on April 05, 2022. Barclays started covering the stock on January 18, 2022. It rated JOBY as “an Equal weight”.

Price Performance Review of JOBY

On Tuesday, Joby Aviation Inc. [NYSE:JOBY] saw its stock jump 0.40% to $5.01. On the same session, the stock had its day’s lowest price of $4.98, but rose to a high of $5.375. Over the last five days, the stock has gained 3.73%. Joby Aviation Inc. shares have fallen nearly -31.37% since the year began. Nevertheless, the stocks have fallen -49.90% over the past one year. While a 52-week high of $14.33 was reached on 01/03/22, a 52-week low of $3.61 was recorded on 02/04/22. SMA at 50 days reached $5.23, while 200 days put it at $6.62. A total of 6.63 million shares were traded, compared to the trading of 6.4 million shares in the previous session.

Levels Of Support And Resistance For JOBY Stock

The 24-hour chart illustrates a support level at 4.87, which if violated will result in even more drops to 4.73. On the upside, there is a resistance level at 5.26. A further resistance level may holdings at 5.52. The Relative Strength Index (RSI) on the 14-day chart is 46.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.45%. Stochastics %K at 24.71% indicates the stock is a holding.

How much short interest is there in Joby Aviation Inc.?

A steep rise in short interest was recorded in Joby Aviation Inc. stocks on Apr 28, 2022, growing by 3.24 million shares to a total of 33.39 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 30.15 million shares. There was a rise of 9.7%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 14.78% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.3.

Joby Aviation Inc. [JOBY] – Who Are The Largest Shareholders?

In filings from Intel Corp., it is revealed that the company now owns 46,040,786 shares, or roughly 7.59% of the outstanding JOBY shares. In other words, the investor’s shares have fallen by 0 from its previous 13-F filing of 46040786.0. Additionally, The Vanguard Group, Inc. increased 117.66% of its stake after which the total value it holdings stand at $84,423,206, while Baillie Gifford & Co. reduced 0.00% of its stake to hold $45.3 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 1,300,737 shares of Joby Aviation Inc., while BlackRock Fund Advisors bought -219,116 shares. At present, Invesco Capital Management LLC is holding 3,749,594 shares valued at $22.12 million. Nikko Asset Management Americas, owned 2,917,603 shares of the company at the time of its most recent 13F filing, worth $17.21 million.

According to FactSet, Joby Aviation Inc.’s share price will average $8.40 in the next year, based on opinions of analysts polled by the firm. This is up nearly 60.32 percent from its previous closing price of $4.99. Analysts expect Joby Aviation Inc. stock to reach the higher price of $12.00, while the lowest price estimate is $6.00. However, 5 analysts have rated JOBY stock as an Overweight in their predictions for 2022. The most recent change occurred on September 23, 2021 when Morgan Stanley began covering the stock and recommended ‘”an Overweight”‘ rating along with a $16 price target.

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