Joby Aviation (NYSE:JOBY) Releases Earnings Results

Joby Aviation (NYSE:JOBY) released its quarterly earnings data on Wednesday. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.02), Briefing.com reports. The company had revenue of $0.28 million during the quarter, compared to the consensus estimate of $0.06 million. Joby Aviation had a negative net margin of 42,844.57% and a negative return on equity of 49.26%. During the same quarter in the prior year, the firm earned ($0.13) EPS.

Joby Aviation Trading Up 2.2 %

Shares of NYSE JOBY traded up $0.11 during midday trading on Friday, hitting $5.21. 14,270,384 shares of the company’s stock were exchanged, compared to its average volume of 7,089,792. The business’s fifty day moving average price is $5.31 and its two-hundred day moving average price is $5.30. The company has a market cap of $3.73 billion, a price-to-earnings ratio of -7.45 and a beta of 1.97. Joby Aviation has a 12-month low of $4.50 and a 12-month high of $7.69.

Wall Street Analysts Forecast Growth

JOBY has been the topic of several research reports. Canaccord Genuity Group dropped their price objective 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. 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. JPMorgan Chase & Co. decreased their price objective on Joby Aviation from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Tuesday, October 29th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 target price on shares of Joby Aviation in a research report on Monday, September 30th.

Insider Buying and Selling at Joby Aviation

In related news, insider Didier Papadopoulos sold 6,025 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $5.33, for a total transaction of $32,113.25. Following the transaction, the insider now directly owns 47,474 shares of the company’s stock, valued at approximately $253,036.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Joby Aviation news, insider Gregory Bowles sold 26,775 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $5.14, for a total value of $137,623.50. Following the transaction, the insider now owns 18,035 shares in the company, valued at approximately $92,699.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Didier Papadopoulos sold 6,025 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $5.33, for a total transaction of $32,113.25. Following the transaction, the insider now directly owns 47,474 shares in the company, valued at approximately $253,036.42. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 525,499 shares of company stock worth $2,667,151 over the last three months. 32.40% of the stock is owned by 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.