Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Joby Aviation Inc’s current trading price is -50.00% away from its 52-week high, while its distance from the 52-week low is 90.16%. The stock’s price range during this period has varied between $3.15 and $11.98. The company, active in the Industrials sector, saw a trading volume of around 7.71 million for the day, considerably higher average daily volume of 5.49 million observed over the last three months.
Joby Aviation Inc (JOBY) has a current stock price of $5.99. During the previous trading session, the stock witnessed a notable rise, reaching a high of $6.23 after opening at $6.09. The stock’s low for the day was $5.88, and it eventually closed at $6.13.
Joby Aviation Inc’s stock market performance has been consistent. The 1-year high for the company’s stock was recorded at $11.98 on 06/29/23, with the lowest value being $3.15 on 12/28/22.
How Financial Performance Impacts Market Capitalization
Joby Aviation Inc (JOBY) has experienced a quarterly decline of -15.87% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.17B and boasts a workforce of 1422 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 7.27, with a change in price of -0.40. Similarly, Joby Aviation Inc recorded 8,406,430 in trading volume during the last 100 days, posting a change of -6.26%.
How JOBY’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for JOBY stands at 0.03. Similarly, the long-term debt-to-equity ratio is also 0.02.
JOBY Stock Stochastic Average
As of today, the raw stochastic average of Joby Aviation Inc over the last 50 days is at 38.08%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 57.41%. Further, the company’s Stochastic %K and %D values for the last 20 days were 55.94% and 41.92%, respectively.
JOBY Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. The index has shown a price gain of 78.81% this year. Over the last six months, there has been a weaker performance of 8.32%. The price of JOBY leaped by -4.47% during the last 30 days period. For the last 5-days stocks have improved 13.02%.