Joby Aviation (NYSE:JOBY – Get Free Report) issued its earnings results on Tuesday. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.03, Briefing.com reports. The company had revenue of $0.03 million for the quarter, compared to the consensus estimate of $0.05 million. During the same period in the prior year, the company earned ($0.16) earnings per share. The firm’s revenue was down 97.5% compared to the same quarter last year.
Joby Aviation Trading Down 1.0 %
Shares of JOBY traded down $0.05 during midday trading on Friday, hitting $5.14. 1,323,565 shares of the company’s stock traded hands, compared to its average volume of 4,853,984. Joby Aviation has a 1 year low of $4.50 and a 1 year high of $11.98. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of -6.41 and a beta of 2.04. The firm’s fifty day moving average is $5.10 and its 200-day moving average is $5.70.
Insiders Place Their Bets
In other Joby Aviation news, CEO Joeben Bevirt sold 250,000 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $5.18, for a total transaction of $1,295,000.00. Following the sale, the chief executive officer now owns 32,774,274 shares in the company, valued at approximately $169,770,739.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Joby Aviation news, CEO Joeben Bevirt sold 250,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $5.18, for a total transaction of $1,295,000.00. Following the completion of the sale, the chief executive officer now directly owns 32,774,274 shares in the company, valued at $169,770,739.32. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Eric Allison sold 19,393 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $4.70, for a total transaction of $91,147.10. Following the completion of the sale, the insider now owns 422,592 shares in the company, valued at approximately $1,986,182.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 553,419 shares of company stock worth $2,836,610. Corporate insiders own 49.50% of the company’s stock.
Analyst Upgrades and Downgrades
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.
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