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 -56.08% away from its 52-week high, while its distance from the 52-week low is 37.38%. The stock’s price range during this period has varied between $3.83 and $11.98. The company, active in the Industrials sector, saw a trading volume of around 1.79 million for the day, considerably lower average daily volume of 5.08 million observed over the last three months.
Joby Aviation Inc’s stock has had a calm market performance. The 1-year high for the company’s stock was $11.98 on 06/29/23, and the lowest price during the same period was recorded at $3.83 on 05/03/23.
How Financial Performance Impacts Market Capitalization
Joby Aviation Inc (JOBY) has experienced a quarterly decline of -14.16% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.70B and boasts a workforce of 1777 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 5.69, with a change in price of -1.22. Similarly, Joby Aviation Inc recorded 4,923,403 in trading volume during the last 100 days, posting a change of -18.77%.
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 0.03.
JOBY Stock Stochastic Average
As of today, the raw stochastic average of Joby Aviation Inc over the past 50 days is 39.39%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 84.32%. Additionally, the Stochastic %K and %D values for the company were 81.22% and 65.23%, respectively, over the past 20 days.
JOBY Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -20.88%.However, over the last six months, we can see a stronger performance of -2.56%. Over the last 30 days, the price of JOBY has leaped by -1.83%. And in the last five days, it has surged by 11.95%.
