Based on the Joby Aviation Stock Forecast from 4 analysts, the average analyst Joby stock price target is USD 8.67 over the next 12 months. Joby Aviation’s average analyst rating is Buy. Stock Target Advisor’s own stock analysis of Joby Aviation stock is Bearish, which is based on 2 positive signals and 5 negative signals. At the last closing, Joby Aviation stock price was USD 4.14. Joby Aviation stock price has changed by -0.46% over the past week, -1.51% over the past month and -55.00% over the last year.
About Joby Aviation (JOBY:NYE):
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. It intends to build an aerial ridesharing service. The company was founded in 2009 and is headquartered in Santa Cruz, California.
What we like:
The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.
The company is less leveraged than its peers, and is among the top quartile, which makes it more flexible. However, do check the stock analysis and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.
What we don’t like:
Poor risk adjusted returns
This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.
Below median dividend returns
The average income yield of Joby stock over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.
The company had negative total cash flow in the most recent four quarters.
Negative free cash flow
The company had negative total free cash flow in the most recent four quarters.
Low Earnings Growth
Joby stock has shown below median earnings growth in the previous 5 years compared to its sector.