Joby Aviation (NYSE:JOBY) Shares Gap Down – Here’s What Happened

Joby Aviation, Inc. (NYSE:JOBY) shares gapped down before the market opened on Thursday . The stock had previously closed at $13.37, but opened at $11.34. Joby Aviation shares last traded at $10.9760, with a volume of 64,733,774 shares changing hands.

Joby Aviation News Roundup

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

• Positive Sentiment: Proceeds targeted to scale manufacturing and operations — Joby says the raise supports expansion of production capacity and commercialization efforts, which could accelerate revenue generation if execution stays on track. Joby Plans to Raise $1 Billion Amid Manufacturing Expansion
• Positive Sentiment: Participation in FAA eIPP proposal (Ohio) — Joby is included in a multistate advanced air mobility proposal that, if selected, could create early operational routes and strengthen commercial case for air-taxi services. Ohio eIPP Proposal Uses New Aviation Technology
• Neutral Sentiment: Widespread media coverage and analyst commentary — multiple outlets are summarizing the financing and its market impact; read-throughs vary, so near-term volatility reflects headlines rather than new operational news. Joby Aviation Nosedives 18%
• Negative Sentiment: Large equity and convertible-debt issuance priced — Joby priced an upsized concurrent offering: ~52.86 million shares at $11.35 and $600M aggregate principal of 0.75% convertible senior notes due 2032. The size and pricing create immediate dilution risk and pressured the stock. Joby Aviation Prices Upsized Offering
• Negative Sentiment: Convertible notes and share count magnify dilution and conversion overhang — convertible bonds plus tens of millions of new shares create potential future supply as notes convert or if the company issues more stock, which investors often punish. Coverage: Barron’s and Seeking Alpha explain the market reaction. Joby Aviation Stock Plunges. This Is Why.
• Negative Sentiment: Potential legal fight with Archer/Toyota over vertiport plans — Joby is weighing a legal challenge tied to competitive vertiport development and partner arrangements, adding litigation risk and uncertainty to a capital-sensitive growth story. Joby Weighs Archer Legal Challenge

Analyst Ratings Changes

Several equities research analysts recently commented on the company. HC Wainwright reaffirmed a “neutral” rating on shares of Joby Aviation in a research report on Monday, November 24th. JPMorgan Chase & Co. raised their target price on shares of Joby Aviation from $7.00 to $8.00 and gave the stock an “underweight” rating in a report on Friday, October 31st. The Goldman Sachs Group began coverage on shares of Joby Aviation in a research note on Monday, December 1st. They set a “sell” rating and a $10.00 target price for the company. Zacks Research raised Joby Aviation from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Joby Aviation in a report on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Joby Aviation presently has an average rating of “Reduce” and a consensus target price of $13.43.

Joby Aviation Stock Down 17.5%

The company has a fifty day simple moving average of $14.44 and a 200-day simple moving average of $15.41. The firm has a market cap of $10.05 billion, a P/E ratio of -8.31 and a beta of 2.56.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.29). The company had revenue of $22.57 million during the quarter, compared to the consensus estimate of $0.02 million. During the same period in the previous year, the business posted ($0.21) EPS. The company’s revenue for the quarter was up 7962.1% compared to the same quarter last year. As a group, research analysts forecast that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Insider Activity at Joby Aviation

In other Joby Aviation news, insider Eric Allison sold 32,448 shares of the stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $13.25, for a total value of $429,936.00. Following the completion of the sale, the insider owned 659,980 shares in the company, valued at approximately $8,744,735. This represents a 4.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Didier Papadopoulos sold 11,650 shares of Joby Aviation stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $13.51, for a total value of $157,391.50. Following the sale, the insider directly owned 120,147 shares in the company, valued at $1,623,185.97. This trade represents a 8.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 289,556 shares of company stock worth $4,052,822 in the last 90 days. Company insiders own 32.40% of the company’s stock.

Hedge Funds Weigh In On Joby Aviation

Institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC lifted its position in shares of Joby Aviation by 8.1% in the 2nd quarter. CWM LLC now owns 9,156 shares of the company’s stock worth $97,000 after purchasing an additional 689 shares during the period. GPS Wealth Strategies Group LLC lifted its holdings in Joby Aviation by 22.5% during the third quarter. GPS Wealth Strategies Group LLC now owns 3,794 shares of the company’s stock worth $61,000 after buying an additional 697 shares during the period. Asset Planning Inc lifted its holdings in Joby Aviation by 70.0% during the third quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock worth $27,000 after buying an additional 700 shares during the period. GoalVest Advisory LLC boosted its position in Joby Aviation by 2.1% during the 4th quarter. GoalVest Advisory LLC now owns 33,500 shares of the company’s stock valued at $442,000 after acquiring an additional 700 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Joby Aviation by 4.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 16,705 shares of the company’s stock valued at $270,000 after acquiring an additional 736 shares during the period. 52.85% of the stock is owned by hedge funds and other institutional investors.

About Joby Aviation

Joby Aviation Inc is an aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company’s core mission is to provide zero-emission aerial ridesharing services, combining the speed of helicopters with the cost efficiency and environmental benefits of electric propulsion. Joby’s eVTOL design emphasizes low noise profiles and high reliability, positioning the company to address congestion challenges in major metropolitan areas.

The company’s flagship aircraft is designed to carry a pilot and up to four passengers, offering point-to-point travel at speeds competitive with ground transportation.