Joby Aviation Inc’s recent filing unveils that its insider Field Matthew unloaded Company’s shares for reported $41425.0 on Apr 04 ’24. In the deal valued at $5.00 per share,8,285 shares were sold. As a result of this transaction, Field Matthew now holds 275,106 shares worth roughly $1.35 million.
Then, Papadopoulos Didier sold 2,724 shares, generating $13,620 in total proceeds. Upon selling the shares at $5.00, the President of Aircraft OEM now owns 65,554 shares.
Before that, Bevirt JoeBen sold 23,750 shares. Joby Aviation Inc shares valued at $117,800 were divested by the CEO and Chief Architect at a price of $4.96 per share. As a result of the transaction, Bevirt JoeBen now holds 653,011 shares, worth roughly $3.21 million.
JP Morgan downgraded its Joby Aviation Inc [JOBY] rating to an Underweight from a a Neutral in a research note published on July 19, 2023; the price target was increased to $6 from $5. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who began to cover the stock in early June with a ‘”a Buy”‘ rating. Deutsche Bank also remained covering JOBY and has decreased its forecast on March 07, 2023 with a “Sell” recommendation from previously “Hold” rating. Raymond James started covering the stock on July 27, 2022. It rated JOBY as “a Mkt perform”.
Price Performance Review of JOBY
On Monday, Joby Aviation Inc [NYSE:JOBY] saw its stock fall -0.20% to $4.91. Over the last five days, the stock has lost -4.47%. Joby Aviation Inc shares have fallen nearly -26.17% since the year began. Nevertheless, the stocks have risen 15.53% over the past one year. While a 52-week high of $11.98 was reached on 01/02/24, a 52-week low of $3.72 was recorded on 04/05/24. SMA at 50 days reached $5.50, while 200 days put it at $6.58. A total of 2.62 million shares were traded, compared to the trading of 4.42 million shares in the previous session.
Levels Of Support And Resistance For JOBY Stock
The 24-hour chart illustrates a support level at 4.86, which if violated will result in even more drops to 4.82. On the upside, there is a resistance level at 4.97. A further resistance level may holdings at 5.04. The Relative Strength Index (RSI) on the 14-day chart is 36.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.65%. Stochastics %K at 12.93% indicates the stock is a buying.
How much short interest is there in Joby Aviation Inc?
A steep rise in short interest was recorded in Joby Aviation Inc stocks on Mar 15, 2024, growing by 0.44 million shares to a total of 73.84 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 73.4 million shares. There was a rise of 0.6%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 18.84% of the overall stock float, the days-to-cover ratio (short ratio) rose to 12.79.
The most recent change occurred on April 28, 2022 when JP Morgan began covering the stock and recommended ‘”a Neutral”‘ rating along with a $7 price target.
