Are you interested in investing in aviation stock with less than $5 per share and buy a good number of the stock of shares that will appreciate incredibly to boost your financial future?
You are encouraged to buy Joby stock or add it to your investment portfolio. In this article you will know everything about Joby stock and the stock price prediction covering ten years is carried out to guide your investment decision.
What is Joby Aviation?
Joby Aviation is an incorporated company with upward air movement that engages in building an electric vertical take-off model and landing aircraft having superior features with the soul aim of delivering air transportation services.
Joby Aviation focuses on building aerial ride-sharing services, was founded in 2009 having its headquarters at Santa Cruz, California since 2020.The Company’s research is centred on air business operation in the technology sectors and plans to operate as a commercial passenger aircraft beginning from 2024.
Is Joby Stock Publicly Traded?
Yes. Joby Stock got listed in the New York Stock Exchange on September 17, 2020 under the ticker symbol JOBY, NYSE:JOBY. At the time of listing, Joby Stock was sold at an initial public offer (IPO) of $11.10. Given today’s price per share of $4.90 (Jul 4, 2022) the stock has depreciated significantly over the past two years.
How Many Shares are Outstanding to Joby Aviation?
Joby Aviation currently has outstanding shares of 606,458,106 and trading at $4.90 per share, and the total value of Joby Aviation stock in terms of market capitalization is $2.97B as at July 4, 2022. There is some prospect of a steady future rise in price.
How is Joby Aviation Share Distributed?
In Joby Aviation, share distribution to shareholder reveals the uneven nature of the distribution as some powerful group tend to dominate and control.
As a general rule, institutions like banks will always hold stock in bigger companies while the Company workers owe a visible percentage of the smaller shares of Joby stock.
Joby Aviation has a market capitalization of US$2.97B which is a huge advantage to shareholders and attractive to prospective investors. Hedge funds do not control a significant stock of shares in Joby Aviation and with just 16% of the shares owned by the CEO JoeBen Bevirt, he commands the largest shareholding.
The second largest shareholder holds about 12% of the shares outstanding while 8.2% of the stock is owned by the third-largest shareholder. And with the third-largest shareholder being the Chairman of the Board of Joby Aviation, Paul Sciarra, it reveals a strong insider ownership amongst the company’s top shareholders.
It was also revealed that more than half of the company’s shares are controlled by the top six (6) shareholders meaning that the securities of the bigger group of shareholders are diluted largely by the smaller ones.
The general public controls 32% of Joby Shares involving individual investors. This significant amount of ownership may not be enough to change company policy if the decision is not in line with other large shareholders. At least 13% of Joby Share is controlled by Private investment firms and this can make them very influential in contributing to key strategic decisions.
Public companies control another 13% of the Joby shares on issue and this may be deliberate interest relations as the two companies may have related business target.
How You Can Buy Stock in Joby Aviation
You can buy Joby Stock through online broker because it is traded publicly in the NYSE. To do this, follow the steps below:
Step 1: Compare Share Trading Platforms
Use a comparison table of a reputable brokerage to help you find a platform that fits your financial goals. Then choose your preferred broker based on certain criteria and one that has access to the NYSE exchange.
Step 2: Open Your Brokerage Account
Complete the application form with your details and fulfill all necessary KYC requirements. The process last a few hours and sometimes two days depending on your broker’s protocol.
Step 3: Deposit Money to the Account, then Confirm your payment details
You will fund the trading account and confirm such funding through your broker. Your transactions will be done through the account so it is the most important requirement for trading.
Step 4: Research the stock
Find the stock by name or ticker symbol – JOBY – and research it before deciding if it is a good investment for you at the time.
Step 5: Purchase now or later
Buy your desired volume of stock with a market order or use a limit order to delay your purchase until the stock reaches a favourable price.
Step 6: Check in on your investment
Monitor your investment performance over time by checking or tracking your portfolio to guide your investment target.
Joby Aviation Stock Price Prediction
At penworldgurus.com we use historical price-data to run multiple regressions and deploy ARIMA model for time series forecasting. Below are our findings, measured at 5% level of significance.
Joby Stock Price prediction 2022
Following our profound technical analysis on past price data of Joby, in 2022 the price of Joby Stock is predicted to reach at a minimum level of $5.74. The Joby Stock price can reach a maximum level of $8.06 with the average trading price of $6.9.
Joby Stock Price prediction 2023
The price of Joby Stock is estimated to attain a minimum level of $6.62 in 2023. The Joby Stock price can reach a maximum level of $10.38 with the average price of $8.5 throughout the year 2023.
Joby Stock Price prediction 2024
In line with the forecast price from technical analysis, in 2024 the price of Joby Stock is predicted to reach a minimum level of $9.58. The Joby Stock price can reach a maximum level of $12.81 with the average trading price of $11.19. The year 2024 will see the Joby price returning to its IPO level but the increase will continue into the future with a relatively minimal volatility.
Joby Stock Price prediction 2025
The price of a share of Joby Stock is expected to attain $11.05 minimum in 2025. The Joby Stock price can reach a maximum level of $14.74 with the average price of $12.89 throughout the year 2025.
Joby Stock Price prediction 2026
Joby Stock price is projected to hit low at $14.18 in 2026. Our findings show that the Joby Stock price could reach a maximum possible level of $18.46 with the average forecast price of $16.32.
Joby Stock Price prediction 2027
Our research findings from technical analysis on past price history of Joby Stock shows that in 2027 the price of Joby Stock will dip to as low as $16.81. The Joby Stock price value can reach a maximum of $20.16 with the average trading value of $18.49.
Joby Stock Price prediction 2028
The price of Joby Stock is predicted to reach at a minimum value of $21.55 in 2028. Further computations revealed that the Joby Stock price will hit a maximum value of $27.79 with the average trading price of $24.67 throughout the year 2028.
Joby Stock Price prediction 2029
In 2029 the price of Joby Stock is expected to reach at a minimum price value of $27.10. The Joby Stock price can reach a maximum value of $38.60 with the average value of $32.85.
Joby Stock Price prediction 2030
The price of Joby Stock is predicted to reach at a minimum value of $39.53 in 2030. The Joby Stock price is estimated to reach a maximum value of $50.17 with the average trading price of $44.85 throughout the year 2030.
Joby Stock Price prediction 2031
The Joby Stock price is projected to reach a lowest possible level of $49.71 in 2031. Our findings show that Joby Stock price will hit a maximum level of $83.05 with the average forecast price of $66.38. But this year will witness high volatility and upward swinging price.
Joby Stock Price prediction 2032
The Joby Stock price is estimated to reach a lowest possible level of $89.51 in 2032. Our research findings revealed that Joby Stock price will hit a maximum level of $112.04 with the average forecast price of $100.77.
Therefore, the price of Joby Stock is expected to hit a $100 per share, on the average, in the year 2032, that is, ten years to come.