(JOBY) Joby Aviation - Ratings and Ratios

Joby Aviation, Inc., a leader in the electric vertical takeoff and landing (eVTOL) industry, is committed to revolutionizing urban air mobility. Founded in 2009 and headquartered in Santa Cruz, California, the company is developing a sustainable, quiet, and efficient aircraft designed for on-demand air transportation. Jobys vision extends beyond the U.S. and Dubai, targeting congested urban areas globally. Their app-based platform aims to seamlessly integrate with their aerial ridesharing service, offering consumers a convenient and accessible transportation alternative. The company is also focused on building the necessary infrastructure, including vertiports and charging stations, to support their operations.

Ticker Symbol: JOBY Exchange: NYSE Type: Common Stock Country Origin: United States GICS Sub Industry: Passenger Airlines

Based on the provided and , here is a 3-month forecast for Joby Aviation (NYSE:JOBY):

Technical Analysis: The stock is trading at $6.50 with a 20-day SMA of $5.93, indicating recent upward momentum. The 50-day SMA at $6.40 and 200-day SMA at $6.49 suggest potential support levels. With an ATR of 0.39, volatility is expected to remain moderate.

Fundamental Analysis: The market cap of $4,640.24M reflects investor confidence despite a negative RoE of -66.64, which highlights current operational losses. The P/B ratio of 5.09 indicates a premium on book value, suggesting long-term growth expectations.

3-Month Forecast: The stock is likely to test the $6.40 support level. If it holds, a rebound towards $7.00 is possible. A breach below $6.40 could lead to a drop towards $6.00. Volatility is expected to remain low, keeping the price range between $6.00 and $7.00.