Joby Aviation (JOBY) Projected to Post Earnings on Wednesday

Joby Aviation (NYSE:JOBY) is projected to post its quarterly earnings results 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 that wish to listen to the company’s earnings conference call can do so using this link.

Joby Aviation Price Performance

NYSE:JOBY opened at $7.86 on Tuesday. The business’s 50-day moving average is $8.30 and its two-hundred day moving average is $6.60. Joby Aviation has a 12 month low of $4.50 and a 12 month high of $10.72. The firm has a market capitalization of $6.01 billion, a PE ratio of -11.22 and a beta of 2.33.

Analysts Set New Price Targets

Several brokerages recently issued reports on JOBY. Needham & Company LLC raised their price target on Joby Aviation from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. HC Wainwright reaffirmed a “buy” rating and set a $9.00 target price on shares of Joby Aviation in a research note on Wednesday, December 18th. Canaccord Genuity Group lifted their target price on Joby Aviation from $9.75 to $11.50 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. downgraded Joby Aviation from a “neutral” rating to an “underweight” rating and lifted their target price for the company 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 assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $9.30.

Insiders Place Their Bets

In other Joby Aviation news, insider Gregory Bowles sold 7,748 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $8.08, for a total value of $62,603.84. Following the completion of the transaction, the insider now directly owns 29,235 shares of the company’s stock, valued at approximately $236,218.80. The trade was a 20.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Didier Papadopoulos sold 6,005 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $7.65, for a total value of $45,938.25. Following the sale, the insider now directly owns 54,776 shares in the company, valued at approximately $419,036.40. This represents a 9.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,025,284 shares of company stock valued at $8,683,241. 32.40% of the stock is currently owned by corporate insiders.

About Joby Aviation

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.