Joby Aviation Inc (NYSE:JOBY) hit a new 52-week low during trading on Tuesday . The company traded as low as $7.82 and last traded at $7.88, with a volume of 51464 shares traded. The stock had previously closed at $8.14.
JOBY has been the topic of a number of recent analyst reports. Zacks Investment Research cut Joby Aviation from a “hold” rating to a “sell” rating in a research report on Tuesday. Morgan Stanley started coverage on Joby Aviation in a research report on Thursday, September 23rd. They issued an “overweight” rating and a $16.00 target price on the stock.
The stock’s 50-day moving average price is $9.21.
Joby Aviation Company Profile (NYSE:JOBY)
Reinvent Technology Partners entered into a definitive business combination agreement with Joby Aviation.
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