JOBY Stock Summary and Trading Ideas (Joby Aviation | NYSE:JOBY)

Joby Aviation Inc is a transportation company developing electric air taxis for commercial passenger service.

Joby Aviation trades on the NYSE stock market under the symbol JOBY.

As of December 13, 2024, JOBY stock price climbed to $7.81 with 2,163,475 million shares trading.

JOBY has a beta of 1.95, meaning it tends to be more sensitive to market movements. JOBY has a correlation of 0.15 to the broad based SPY ETF.

JOBY has a market cap of $5.98 billion. This is considered a Mid Cap stock.

Last quarter Joby Aviation reported $28,000 in Revenue and -$.21 earnings per share. This fell short of revenue expectation by $-12,000 and missed earnings estimates by -$.02.

In the last 3 years, JOBY traded as high as $11.98 and as low as $3.15.

The top ETF exchange traded funds that JOBY belongs to (by Net Assets): IWM, VTI, VB, VBR, VXF.

JOBY has underperformed the market in the last year with a price return of +21.8% while the SPY ETF gained +32.3%. However, in the short term, JOBY had mixed performance relative to the market. It has outperformed in the last 3 months, returning +46.0% vs +8.9% return in SPY. But in the last 2 weeks, JOBY shares have been beat by the market, returning -2.4% compared to an SPY return of +1.4%.

JOBY support price is $7.14 and resistance is $8.12 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that JOBY shares will trade within this expected range on the day.