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[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Laser breakthrough could send stock soaring 2,467% (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
Canadian autoworkers ratify new labor agreement with Ford
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Laser breakthrough could send stock soaring 2,467% (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
Canadian autoworkers ratify new labor agreement with Ford
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Laser breakthrough could send stock soaring 2,467% (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
Canadian autoworkers ratify new labor agreement with Ford
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
A coal mine fire in southern China's Guizhou province kills 16 people
NYSE:JOBY

Joby Aviation (JOBY) Stock Forecast, Price & News

$6.22
-0.04 (-0.64%)
(As of 09/22/2023 ET)
Compare
Today's Range
$6.18
$6.49
50-Day Range
$6.23
$10.19
52-Week Range
$3.15
$11.98
Volume
4.33 million shs
Average Volume
4.27 million shs
Market Capitalization
$4.32 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$7.08

Joby Aviation MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
13.9% Upside
$7.08 Price Target
Short Interest
Bearish
13.74% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.30mentions of Joby Aviation in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$14.24 M Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($0.66) to ($0.72) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.32 out of 5 stars

Transportation Sector

111th out of 114 stocks

Aircraft Industry

8th out of 9 stocks


JOBY stock logo

About Joby Aviation (NYSE:JOBY) Stock

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 Price History

JOBY Stock News Headlines

5 Reasons Why Amprius is About to Take Flight  (JOBY)
Amprius Technologies silicon anode batteries are in high demand by aviation manufacturers looking to electrify their products.
BREAKING: The truth about war with China
Foreign Affairs reports, "China is Now in a Prewar Tempo of Political and Military Preparations." China has one goal: take control of Taiwan, and an invasion could happen any day. I've identified 5 investments I believe are in immediate danger. But you can get out of them now - before it's too late.
BREAKING: The truth about war with China
Foreign Affairs reports, "China is Now in a Prewar Tempo of Political and Military Preparations." China has one goal: take control of Taiwan, and an invasion could happen any day. I've identified 5 investments I believe are in immediate danger. But you can get out of them now - before it's too late.
Joby Aviation (NYSE:JOBY) Shares Gap Down Following Insider Selling
How the Dayton region landed the $500M Joby investment
Joby Aviation (NYSE:JOBY) Stock Price Down 5.8%
Cramer's Lightning Round: Sell Joby Aviation
5 eVTOLs You Could Be Flying In Soon
See More Headlines
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JOBY Company Calendar

Last Earnings
8/02/2023
Today
9/24/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Aircraft
Sub-Industry
N/A
Fax
N/A
Employees
1,422
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$7.08
High Stock Price Forecast
$10.00
Low Stock Price Forecast
$4.00
Forecasted Upside/Downside
+13.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Net Income
$-258,040,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
N/A
Book Value
$1.87 per share

Miscellaneous

Free Float
350,368,000
Market Cap
$4.32 billion
Optionable
Optionable
Beta
2.11
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Key Executives

  • Mr. Paul Cahill SciarraMr. Paul Cahill Sciarra (Age 43)
    Exec. Chairman
  • Mr. JoeBen  BevirtMr. JoeBen Bevirt (Age 49)
    Founder, CEO, Chief Architect, Pres & Director
    Comp: $596.31k
  • Mr. Matthew Allen Field (Age 52)
    CFO & Treasurer
    Comp: $857.13k
  • Ms. Kate  DeHoffMs. Kate DeHoff (Age 47)
    Gen. Counsel & Corp. Sec.
    Comp: $402.08k
  • Ms. Bonny W. SimiMs. Bonny W. Simi (Age 61)
    Head of Air Operations & People
    Comp: $452.08k
  • Mr. Didier  PapadopoulosMr. Didier Papadopoulos (Age 49)
    Head of Aircraft OEM
    Comp: $1.13M
  • Ms. Teresa J. Thuruthiyil
    Head of Investor Relations
  • Mr. Gregory J. BowlesMr. Gregory J. Bowles (Age 47)
    Head of Gov. & Regulatory Affairs
  • Mr. Eric Allison (Age 47)
    Head of Product













JOBY Stock - Frequently Asked Questions

Should I buy or sell Joby Aviation stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Joby Aviation in the last year. There are currently 2 sell ratings, 1 hold 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 forecast for 2023?

5 Wall Street research analysts have issued 1 year price objectives for Joby Aviation's shares. Their JOBY share price forecasts range from $4.00 to $10.00. On average, they anticipate the company's share price to reach $7.08 in the next year. This suggests a possible upside of 13.9% 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 2023?

Joby Aviation's stock was trading at $3.35 on January 1st, 2023. Since then, JOBY shares have increased by 85.7% and is now trading at $6.22.
View the best growth stocks for 2023 here
.

When is Joby Aviation's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our JOBY earnings forecast
.

How were Joby Aviation's earnings last quarter?

Joby Aviation, Inc. (NYSE:JOBY) posted its quarterly earnings data on Wednesday, August, 2nd. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by $0.03.

What is Joby Aviation's stock symbol?

Joby Aviation trades on the New York Stock Exchange (NYSE) under the ticker symbol "JOBY."

Who are Joby Aviation's major shareholders?

Joby Aviation's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (8.22%), State Street Corp (0.90%), Geode Capital Management LLC (0.95%), Sumitomo Mitsui Trust Holdings Inc. (0.63%), ARK Investment Management LLC (0.52%) and Ieq Capital LLC (0.45%). Insiders that own company stock include Bonny W Simi, Didier Papadopoulos, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Joby Aviation's stock price today?

One share of JOBY stock can currently be purchased for approximately $6.22.

How much money does Joby Aviation make?

Joby Aviation (NYSE:JOBY) has a market capitalization of $4.32 billion. The company earns $-258,040,000.00 in net income (profit) each year or ($0.89) on an earnings per share basis.

How many employees does Joby Aviation have?

The company employs 1,422 workers across the globe.

How can I contact Joby Aviation?

Joby Aviation's mailing address is 215 PARK AVENUE FLOOR 11, NEW YORK NY, 10003. The official website for the company is www.reinventtechnologypartners.com. The company can be reached via phone at 831-201-6700 or via email at investors@jobyaviation.com.

This page (NYSE:JOBY) was last updated on 9/24/2023 by MarketBeat.com Staff

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