Joby Aviation (NYSE:JOBY – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.02), Briefing.com reports. The business had revenue of $0.28 million during the quarter, compared to analysts’ expectations 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 period last year, the company posted ($0.13) EPS.
Joby Aviation Stock Up 1.8 %
Shares of JOBY stock traded up $0.09 on Friday, hitting $5.19. The stock had a trading volume of 6,128,928 shares, compared to its average volume of 7,052,458. The company has a market cap of $3.72 billion, a PE ratio of -7.49 and a beta of 1.97. The business has a 50 day moving average price of $5.31 and a 200 day moving average price of $5.30. Joby Aviation has a one year low of $4.50 and a one year high of $7.69.
Insider Buying and Selling
In related news, CEO Joeben Bevirt sold 250,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $4.85, for a total transaction of $1,212,500.00. Following the sale, the chief executive officer now directly owns 32,674,274 shares of the company’s stock, valued at $158,470,228.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Joby Aviation news, insider Matthew Field sold 5,643 shares of Joby Aviation stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $5.96, for a total value of $33,632.28. Following the completion of the transaction, the insider now directly owns 293,143 shares of the company’s stock, valued at $1,747,132.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Joeben Bevirt sold 250,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $4.85, for a total value of $1,212,500.00. Following the completion of the sale, the chief executive officer now owns 32,674,274 shares in the company, valued at approximately $158,470,228.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 525,499 shares of company stock valued at $2,667,151 over the last 90 days. Corporate insiders own 32.40% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Research Report on JOBY
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.
Further Reading
- Five stocks we like better than Joby Aviation
- What is a Special Dividend?
- The Hottest Markets to Watch After the Fed’s 25 Bps Rate Cut
- How to Start Investing in Real Estate
- The Top 5 Performing S&P 500 Stocks YTD in 2024
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- L3Harris: Positioned for Gains With Trump’s Defense Policies
Receive News & Ratings for Joby Aviation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Joby Aviation and related companies with MarketBeat.com's FREE daily email newsletter.