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S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
Closing prices for crude oil, gold and other commodities
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
Closing prices for crude oil, gold and other commodities
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
Closing prices for crude oil, gold and other commodities
NYSE:JOBY

Joby Aviation (JOBY) Stock Price, News & Analysis

$4.54
-0.04 (-0.87%)
(As of 04/19/2024 ET)
Today's Range
$4.53
$4.68
50-Day Range
$4.54
$6.37
52-Week Range
$3.72
$11.98
Volume
3.59 million shs
Average Volume
4.89 million shs
Market Capitalization
$3.19 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$8.00

Joby Aviation MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
76.4% Upside
$8.00 Price Target
Short Interest
Bearish
20.59% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.56mentions of Joby Aviation in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$2.82 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.72) to ($0.65) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.31 out of 5 stars

Transportation Sector

95th out of 110 stocks

Aircraft Industry

6th out of 8 stocks

JOBY stock logo

About Joby Aviation Stock (NYSE:JOBY)

Joby Aviation, Inc. is a California-based company that designs and manufactures electric vertical takeoff and landing (eVTOL) aircraft for the urban air mobility market. The company's mission is to revolutionize the way people move by providing safe, fast, and affordable air transportation. Joby Aviation's aircraft are designed to be energy-efficient, low-noise, and capable of transporting up to four passengers and a pilot. The company targets the urban air mobility market, which is estimated to reach $1.5 trillion by 2040.

Joby Aviation was founded in 2009 by JoeBen Bevirt, an entrepreneur and inventor with a background in robotics and consumer electronics. The company has grown to over 800 employees and received over $1.6 billion in funding from investors such as Toyota Motor Corporation, Uber Technologies Inc., and Baillie Gifford. In August 2021, the company became the first eVTOL aircraft manufacturer to go public through a merger with Reinvent Technology Partners, a special purpose acquisition company (SPAC).

Joby Aviation's leadership team is led by JoeBen Bevirt as founder and Chief Executive Officer. Bevirt has over 25 years of experience in engineering, design, and entrepreneurship and has been recognized as one of the top inventors in the world by Forbes Magazine. Other key management team members include Matt Field, the Chief Financial Officer. Mr. Field has over 20 years of experience in finance and has held leadership positions at various technology companies, including Twitter and OpenTable.

Joby Aviation has reported revenue drops yearly since its initial public offering. The company has yet to report any profits and has reported net losses of $258 million in 2022, up from the previous year's loss of $180 million. Joby Aviation's total assets are approximately $1.5 billion, and the company has reported little debt. This indicates that Joby Aviation should have enough capital to complete the development of its first production, eVTOL.

Joby Aviation's current market capitalization is approximately $2 billion. The company's price-to-sales ratio is relatively high compared to the broader aviation industry but is in line with other eVTOL aircraft manufacturers. Joby Aviation's valuation has been driven by investor enthusiasm for the urban air mobility market and the company's partnerships with Toyota and Uber.

Joby Aviation's share price has been volatile since the company went public in August 2021. The stock initially surged to a high of $17.95 in September 2021 but has since fallen back to its current level. The company has not reported any significant news or events explaining the recent decline in share price. Short sellers believe Joby may need help to meet its production targets, while enthusiasts believe the company is poised for takeoff. 

The urban air mobility market is expected to grow rapidly over the next decade, driven by increasing urbanization, traffic congestion, and demand for faster and more efficient transportation options. According to MarketBeat research, the market for eVTOL aircraft could reach $1.5 trillion by 2040 and currently stands at approximately $25 billion. Joby Aviation faces competition from other eVTOL aircraft manufacturers, such as Archer Aviation and Volocopter.

Joby Aviation, Inc. has several competitive advantages that position it well in this growing market. These include its significant investment in research and development, its partnerships with key players in the aerospace industry, a contract with the United States Air Force, and its proprietary aircraft design that offers several advantages over its competitors.

One of the company's key partnerships is with Toyota Motor Corporation, which has invested $394 million in Joby Aviation and is collaborating to develop its aircraft. Toyota brings significant expertise in automotive manufacturing and supply chain management to the partnership, which is expected to help Joby Aviation reduce production costs and accelerate the commercialization of its aircraft.

Joby Aviation, Inc. is also well-positioned to benefit from the increasing interest in sustainable aviation solutions. The company's electric VTOL aircraft emit significantly less noise and pollution than traditional aircraft and are expected to have a lower environmental impact than ground-based transportation options like cars.

The company also faces several challenges in the industry. The regulatory environment for VTOL aircraft is still evolving, and it is still being determined what safety and certification standards these aircraft will be subject to. Additionally, there needs to be more certainty regarding consumer demand for these services. Whether there will be a large enough market to support multiple VTOL aircraft operators remains to be seen.

Joby Aviation, Inc. has several growth opportunities to pursue in the coming years. The company is currently focused on commercializing its aircraft and is talking with several potential customers, including ride-hailing companies and logistics providers.

The company is also exploring opportunities in the air taxi market, where it aims to offer on-demand urban air mobility solutions to consumers. Joby Aviation, Inc. has already partnered with Uber to provide air taxi services as part of Uber's Elevate program, which aims to launch commercial air taxi services in several cities worldwide in 2023.

Joby Aviation, Inc. faces risks and challenges that could impact its performance in the coming years. One of the most significant risks is the uncertainty surrounding the regulatory environment for VTOL aircraft. The company's operations and growth prospects will depend heavily on the regulatory framework put in place and any delays or changes in these regulations could significantly impact the company's operations.

The company also faces significant competition from established players in the aerospace industry and other startups in the VTOL aircraft market. These competitors have substantial financial and technological resources and may be able to develop similar products and services more quickly and at a lower cost.

Another challenge facing Joby Aviation is the potential for competition from other companies in the eVTOL market. Although Joby is a leader in the industry, it faces stiff competition from other companies such as Archer Aviation, Lilium, and Volocopter, which are also working on developing eVTOL aircraft. These companies have significant financial resources and technical capabilities, which could make it difficult for Joby to maintain its market position.

The company also faces the challenge of scaling up its production and operations to meet the demands of a rapidly growing market. As it ramps up production, Joby must invest in manufacturing facilities, logistics infrastructure, and supply chain management, which could strain its financial resources and impact its bottom line.

Joby faces the challenge of achieving profitability in an industry still in its infancy. While the market for eVTOL aircraft is projected to grow rapidly in the coming years, it is still being determined when these vehicles will become commercially viable. To build a sustainable business model, Joby must invest heavily in research and development, marketing, and other areas.

JOBY Stock Price History

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Company Calendar

Last Earnings
2/21/2024
Today
4/20/2024
Next Earnings (Estimated)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Aircraft
Sub-Industry
N/A
Fax
N/A
Employees
1,777
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$8.00
High Stock Price Target
$10.00
Low Stock Price Target
$6.00
Potential Upside/Downside
+76.4%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$-513,050,000.00
Pretax Margin
-49,700.68%

Debt

Sales & Book Value

Annual Sales
$1.03 million
Book Value
$1.48 per share

Miscellaneous

Free Float
354,943,000
Market Cap
$3.19 billion
Optionable
Optionable
Beta
2.07
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JOBY Stock Analysis - Frequently Asked Questions

Should I buy or sell Joby Aviation stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Joby Aviation in the last twelve months. There are currently 1 sell rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" JOBY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in JOBY, but not buy additional shares or sell existing shares.
View JOBY analyst ratings
or view top-rated stocks.

What is Joby Aviation's stock price target for 2024?

3 equities research analysts have issued 12 month target prices for Joby Aviation's shares. Their JOBY share price targets range from $6.00 to $10.00. On average, they anticipate the company's stock price to reach $8.00 in the next twelve months. This suggests a possible upside of 76.4% from the stock's current price.
View analysts price targets for JOBY
or view top-rated stocks among Wall Street analysts.

How have JOBY shares performed in 2024?

Joby Aviation's stock was trading at $6.65 at the beginning of 2024. Since then, JOBY shares have decreased by 31.8% and is now trading at $4.5350.
View the best growth stocks for 2024 here
.

When is Joby Aviation's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our JOBY earnings forecast
.

How were Joby Aviation's earnings last quarter?

Joby Aviation, Inc. (NYSE:JOBY) issued its earnings results on Wednesday, February, 21st. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.19) by $0.02. The company earned $1.03 million during the quarter, compared to analyst estimates of $1.50 million. During the same period in the prior year, the company posted ($0.14) EPS.

Who are Joby Aviation's major shareholders?

Joby Aviation's stock is owned by many different institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.44%), IMC Chicago LLC (0.00%) and NBC Securities Inc. (0.01%). Insiders that own company stock include Bonny W Simi, Didier Papadopoulos, Dipender Saluja, Eric Allison, Gregory Bowles, Joeben Bevirt, Kate Dehoff, Matthew Field and Paul Cahill Sciarra.
View institutional ownership trends
.

How do I buy shares of Joby Aviation?

Shares of JOBY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:JOBY) was last updated on 4/20/2024 by MarketBeat.com Staff

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