Joby Aviation (NYSE:JOBY) Stock Price Breaks Above 50-Day Moving Average After Analyst Downgrade

Key Points

• Joby shares rose above their 50-day moving average, reaching $5.94 versus the average of $5.73.
• Canaccord upgraded Joby to Buy but cut its price target to $7 from $11.50. Analyst sentiment remains mixed overall, with a consensus “Reduce” rating and an $11.33 average target.
• Joby’s third-quarter revenue of $55.1 million beat estimates, and its per-share loss was narrower than expected; however, it reported a net loss of about $212 million and continues to face significant cash burn.

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Friday after Canaccord Genuity Group upgraded the stock from a hold rating to a buy rating. The stock has a fifty day moving average of $5.73 and traded as high as $5.94. Canaccord Genuity Group now has a $7.00 price target on the stock, down from their previous price target of $11.50. Joby Aviation shares last traded at $5.9350, with a volume of 32,597,603 shares trading hands.

Several other research firms also recently weighed in on JOBY. Barclays started coverage on shares of Joby Aviation in a report on Friday, October 9th. They issued an "underweight" rating and a $4.00 target price for the company. Morgan Stanley dropped their price objective on Joby Aviation from $13.00 to $10.00 and set an "equal weight" rating on the stock in a report on Friday, October 16th. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Joby Aviation in a research note on Monday, September 21st. Susquehanna set a $18.00 price objective on Joby Aviation in a research note on Thursday, August 6th. Finally, Needham & Company LLC reduced their target price on Joby Aviation from $18.00 to $15.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $11.33.

Insider Buying and Selling at Joby Aviation

In related news, Director Paul Sciarra sold 62,500 shares of the business's stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $4.97, for a total transaction of $310,625.00. Following the transaction, the director directly owned 55,578,057 shares in the company, valued at $276,222,943.29. The trade was a 0.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Gregory Bowles sold 5,302 shares of the firm's stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $5.78, for a total value of $30,645.56. Following the completion of the sale, the insider owned 193,704 shares of the company's stock, valued at $1,119,609.12. This represents a 2.66% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,017,628 shares of company stock valued at $6,340,090 over the last quarter. Company insiders own 20.35% of the company's stock.

Joby Aviation News Summary

Here are the key news stories impacting Joby Aviation this week:

• Positive Sentiment: Joby reported third-quarter revenue of about $55.1 million, well above analyst estimates, and a loss of $0.22 per share that was narrower than expected. The company also raised its 2026 revenue outlook to $135 million–$140 million. Article: Why Joby Aviation Stock Flew Higher Today
• Positive Sentiment: The company said its aircraft has reached the FAA’s fifth and final certification stage, with “for credit” testing underway, and is targeting type inspection authorization in the first half of 2027. That progress supports hopes of eventual commercial operations, though certification is not yet complete. Article: Joby Advances Certification Testing, Builds Fleet For Early Operations
• Positive Sentiment: Joby cited a 37% increase in manufacturing output, a record quarter for its Blade passenger business and additional Air Force support. The Air Force partnership’s committed spending is nearing $37 million, adding a defense-related revenue opportunity alongside its air-taxi plans. Article: Joby's Caravan Crosses US With Zero Pilot Inputs; Air Force Contract Nears $37M
• Neutral Sentiment: Analyst views were mixed but generally remained constructive: Canaccord upgraded the shares to Buy while lowering its price target, and Needham retained a Buy rating while also cutting its target. Analyst rating information
• Negative Sentiment: Joby still posted a net loss of about $212 million for the quarter, highlighting substantial ongoing cash burn. Its roughly $2.2 billion in cash and short-term investments provides a significant runway, but investors remain focused on whether the company can complete certification and scale operations before funding needs become a greater concern. Article: Joby Aviation Stock Price Rises After Q3 Results Spotlight Cash Burn

Institutional Investors Weigh In On Joby Aviation

Several large investors have recently modified their holdings of the business. Russell Investments Group Ltd. boosted its position in Joby Aviation by 33.3% during the third quarter. Russell Investments Group Ltd. now owns 470,518 shares of the company's stock worth $2,847,000 after acquiring an additional 117,644 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Joby Aviation by 102.0% in the third quarter. Fifth Third Bancorp now owns 890,411 shares of the company's stock valued at $5,387,000 after purchasing an additional 449,549 shares during the last quarter. Lido Advisors LLC lifted its position in Joby Aviation by 20.1% during the third quarter. Lido Advisors LLC now owns 14,685 shares of the company's stock worth $89,000 after buying an additional 2,457 shares in the last quarter. D Orazio & Associates Inc. lifted its position in Joby Aviation by 6.3% during the third quarter. D Orazio & Associates Inc. now owns 70,853 shares of the company's stock worth $429,000 after buying an additional 4,183 shares in the last quarter. Finally, Clear Wave Wealth Management LLC purchased a new position in Joby Aviation during the third quarter worth approximately $73,000. 52.85% of the stock is currently owned by institutional investors.

Joby Aviation Price Performance

The stock has a 50 day simple moving average of $5.73 and a two-hundred day simple moving average of $8.44. The company has a market cap of $5.87 billion, a price-to-earnings ratio of -8.13 and a beta of 2.84. The company has a debt-to-equity ratio of 0.40, a current ratio of 17.98 and a quick ratio of 17.98.

Joby Aviation (NYSE:JOBY - Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The company reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.03. The business had revenue of $55.09 million during the quarter, compared to analysts' expectations of $38.95 million. Joby Aviation had a negative net margin of 755.11% and a negative return on equity of 55.29%. The business's revenue for the quarter was up 143.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.48) EPS. On average, equities research analysts predict that Joby Aviation, Inc. will post -1.00 earnings per share for the current fiscal year.

About Joby Aviation

Joby Aviation, Inc is an aerospace company developing all-electric vertical takeoff and landing (eVTOL) aircraft for commercial passenger transportation. Its aircraft are designed to take off and land vertically like a helicopter while operating with the range and speed of a conventional aircraft, supporting quiet, low-emission air taxi services and other urban and regional transportation applications.

Founded in 2009 by JoeBen Bevirt, Joby is pursuing the certification, production and commercial deployment of its piloted aircraft.

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