Joby Aviation Shares Confirm Long-Term Downtrend
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 hours ago
0mins
Should l Buy JOBY?
Source: Benzinga
- Stock Trend Analysis: Joby Aviation shares are currently trading at $9.99, down approximately 30% year-to-date and about 52% below the 52-week high of $20.95, indicating a confirmed long-term downtrend.
- Technical Indicators Warning: The company's 50-day moving average has fallen to $13.28, crossing below the 200-day moving average at $13.42, forming a Death Cross that signals long-term trend weakness, with the stock now approximately 25% and 26% below these averages.
- Investor Sentiment Weak: The Relative Strength Index (RSI) is currently near 33, indicating reduced buying activity and persistent downward momentum, while recent trading volume has averaged about 4 million shares, reflecting a trend of investor repositioning.
- Manufacturing Capacity Expansion: Joby has recently agreed to acquire a manufacturing facility in Dayton, Ohio, spanning over 700,000 square feet, which is expected to support plans to increase production capacity to four aircraft per month by 2027, despite the stock remaining well below its 200-day moving average.
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Analyst Views on JOBY
Wall Street analysts forecast JOBY stock price to rise
6 Analyst Rating
1 Buy
3 Hold
2 Sell
Hold
Current: 10.090
Low
8.00
Averages
15.67
High
22.00
Current: 10.090
Low
8.00
Averages
15.67
High
22.00
About JOBY
Joby Aviation, Inc. is a transportation company developing an all-electric, vertical take-off and landing air taxi. The Company is engaged in designing and testing a piloted all-electric, vertical take-off and landing (eVTOL) aircraft. The Joby eVTOL is designed to transport a pilot and up to four passengers or an expected payload of up to 1,000 pounds at speeds of up to 200 miles per hour (mph). The aircraft is optimized for urban routes, with a target range of up to 100 miles on a single charge. The Company plans to manufacture, own and operate its aircraft itself, building a vertically integrated transportation company that delivers transportation services to customers, including government agencies such as the United States Air Force (USAF) through sales or contracted operations, and to individual end-users through a convenient app-based aerial ridesharing service. It also offers a network of terminals and loyal flyers in markets like New York and in Southern Europe.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Joby Aviation Shares Confirm Long-Term Downtrend
- Stock Trend Analysis: Joby Aviation shares are currently trading at $9.99, down approximately 30% year-to-date and about 52% below the 52-week high of $20.95, indicating a confirmed long-term downtrend.
- Technical Indicators Warning: The company's 50-day moving average has fallen to $13.28, crossing below the 200-day moving average at $13.42, forming a Death Cross that signals long-term trend weakness, with the stock now approximately 25% and 26% below these averages.
- Investor Sentiment Weak: The Relative Strength Index (RSI) is currently near 33, indicating reduced buying activity and persistent downward momentum, while recent trading volume has averaged about 4 million shares, reflecting a trend of investor repositioning.
- Manufacturing Capacity Expansion: Joby has recently agreed to acquire a manufacturing facility in Dayton, Ohio, spanning over 700,000 square feet, which is expected to support plans to increase production capacity to four aircraft per month by 2027, despite the stock remaining well below its 200-day moving average.
See More
Pentagon Invests $68 Million to Accelerate Hypersonic Technologies
- Hypersonic Technology Investment: The Pentagon's Joint Hypersonics Transition Office has awarded $68 million across six vendors to accelerate the development of next-generation technologies capable of exceeding Mach 5, significantly enhancing the U.S. competitive edge in hypersonic weaponry.
- Dark Eagle Deployment: The U.S. Army has begun fielding the Dark Eagle, the nation's first operational ground-launched hypersonic weapon, with delivery expected to complete in early 2026, marking a critical advancement in the U.S. hypersonic weapons program.
- Commercial-Aerospace Defense Intersection: Companies like Starfighters Space are gaining attention at the intersection of commercial aerospace and defense testing, with Starfighters recently completing wind tunnel tests for STARLAUNCH 1, validating its air-launched system design and strengthening its position in the hypersonic market.
- Investment Flow into Industry: Hypersonic testing companies are securing significant institutional investments to expand production capacity and flight cadence, indicating a rapidly growing market demand for hypersonic technologies and driving strategic developments for related firms.
See More
Pentagon Accelerates Hypersonic Technology Development with $68 Million Investment
- Funding Injection: The Pentagon's Joint Hypersonics Transition Office has awarded $68 million to six vendors to accelerate the development of next-generation technologies capable of exceeding Mach 5, significantly enhancing the U.S. competitive edge in hypersonic weaponry.
- Weapon Deployment: The U.S. Army has begun fielding the Dark Eagle hypersonic weapon, with deliveries expected to complete in early 2026, marking the first operational use of ground-launched hypersonic weapons in the U.S., which could transform future battlefield dynamics.
- Commercial and Defense Synergy: Companies like Starfighters Space are positioned at the intersection of commercial aerospace and defense testing, attracting substantial private capital to enhance production capacity and flight cadence, reflecting strong market demand for rapidly advancing hypersonic technologies.
- Testing Progress: Starfighters Space recently completed wind tunnel testing for STARLAUNCH 1, validating separation behavior at Mach 0.85 and Mach 1.3, with results showing strong alignment with computational fluid dynamics predictions, laying a solid foundation for subsequent flight testing.
See More
Toyota-Backed Joby Aviation Aims for Production of 4 Aircraft Monthly
Stock Performance: Jobby Aviation's stock has seen a decline of approximately 25% since the beginning of the year, trading near $9.88, which has raised concerns among retail investors as the company continues to burn cash while awaiting the launch of commercial flights.
Shift in Business Strategy: On February 17, Jobby announced a significant shift from being a research startup to a serious industrial manufacturer in the aerospace sector, aiming to double its manufacturing capacity and target a production rate of four aircraft per month by 2027.
Partnership with Toyota: Jobby is deploying nearly 200 engineers from Toyota to oversee its expansion, marking a transition from a passive investment relationship to active management, which is expected to enhance its manufacturing efficiency through the Toyota Production System.
Financial Outlook: Despite a recent capital raise of approximately $1 billion, the stock price has dropped significantly, reflecting market concerns over dilution and the company's ability to achieve its ambitious production targets amidst ongoing financial challenges.
See More
Joby Aviation Partners with Nvidia for Autonomous Flight Development
- Strategic Partnership: Joby Aviation's collaboration with Nvidia to leverage the IGX Thor platform enhances its autonomous flight capabilities, potentially positioning Joby as a leader in the electric vertical take-off and landing (eVTOL) market.
- Technological Innovation: By utilizing Nvidia's technology, Joby aims to advance its Superpilot system towards certifiable autonomy, strengthening its market position for both civil and military applications while mitigating competition from Wisk.
- Market Positioning: Unlike Archer Aviation, Joby not only designs and manufactures eVTOLs but also plans to operate transportation services, leveraging its first-mover advantage to secure funding and establish technological trust in the marketplace.
- Data-Driven Development: Joby's autonomous flight initiatives will generate substantial flight-hour data akin to Tesla's full self-driving software, further enhancing its technological capabilities and accelerating market entry, making it an attractive stock for investors seeking eVTOL exposure.
See More
Joby Partners with Nvidia to Develop Autonomous Flight Technology
- Collaborative Development: Joby's partnership with Nvidia will leverage the latter's IGX Thor platform alongside Joby's Superpilot technology to advance autonomous flight capabilities, which is expected to significantly enhance Joby's competitiveness in the eVTOL market.
- Market Leadership Advantage: Joby's vertically integrated strategy positions it as a first mover in the electric vertical take-off and landing market, with plans to launch autonomous flight features by late 2025, potentially gaining an edge in funding and market trust.
- Dual-Use Strategy: Joby's plan to develop autonomous eVTOLs for military applications in the near term not only allows for early technology testing but also lays the groundwork for future civil market adoption, akin to Tesla's data accumulation for full self-driving software.
- Risk Management and Competition: By collaborating with Nvidia, Joby mitigates the risk of Wisk overtaking it in the autonomous market, with expectations that Joby could launch both piloted air taxis and possibly autonomous military versions before Wisk's civil autonomous eVTOL is certified.
See More
Joby Aviation Shares Confirm Long-Term Downtrend
- Stock Trend Analysis: Joby Aviation shares are currently trading at $9.99, down approximately 30% year-to-date and about 52% below the 52-week high of $20.95, indicating a confirmed long-term downtrend.
- Technical Indicators Warning: The company's 50-day moving average has fallen to $13.28, crossing below the 200-day moving average at $13.42, forming a Death Cross that signals long-term trend weakness, with the stock now approximately 25% and 26% below these averages.
- Investor Sentiment Weak: The Relative Strength Index (RSI) is currently near 33, indicating reduced buying activity and persistent downward momentum, while recent trading volume has averaged about 4 million shares, reflecting a trend of investor repositioning.
- Manufacturing Capacity Expansion: Joby has recently agreed to acquire a manufacturing facility in Dayton, Ohio, spanning over 700,000 square feet, which is expected to support plans to increase production capacity to four aircraft per month by 2027, despite the stock remaining well below its 200-day moving average.
See More
Pentagon Invests $68 Million to Accelerate Hypersonic Technologies
- Hypersonic Technology Investment: The Pentagon's Joint Hypersonics Transition Office has awarded $68 million across six vendors to accelerate the development of next-generation technologies capable of exceeding Mach 5, significantly enhancing the U.S. competitive edge in hypersonic weaponry.
- Dark Eagle Deployment: The U.S. Army has begun fielding the Dark Eagle, the nation's first operational ground-launched hypersonic weapon, with delivery expected to complete in early 2026, marking a critical advancement in the U.S. hypersonic weapons program.
- Commercial-Aerospace Defense Intersection: Companies like Starfighters Space are gaining attention at the intersection of commercial aerospace and defense testing, with Starfighters recently completing wind tunnel tests for STARLAUNCH 1, validating its air-launched system design and strengthening its position in the hypersonic market.
- Investment Flow into Industry: Hypersonic testing companies are securing significant institutional investments to expand production capacity and flight cadence, indicating a rapidly growing market demand for hypersonic technologies and driving strategic developments for related firms.
See More
Pentagon Accelerates Hypersonic Technology Development with $68 Million Investment
- Funding Injection: The Pentagon's Joint Hypersonics Transition Office has awarded $68 million to six vendors to accelerate the development of next-generation technologies capable of exceeding Mach 5, significantly enhancing the U.S. competitive edge in hypersonic weaponry.
- Weapon Deployment: The U.S. Army has begun fielding the Dark Eagle hypersonic weapon, with deliveries expected to complete in early 2026, marking the first operational use of ground-launched hypersonic weapons in the U.S., which could transform future battlefield dynamics.
- Commercial and Defense Synergy: Companies like Starfighters Space are positioned at the intersection of commercial aerospace and defense testing, attracting substantial private capital to enhance production capacity and flight cadence, reflecting strong market demand for rapidly advancing hypersonic technologies.
- Testing Progress: Starfighters Space recently completed wind tunnel testing for STARLAUNCH 1, validating separation behavior at Mach 0.85 and Mach 1.3, with results showing strong alignment with computational fluid dynamics predictions, laying a solid foundation for subsequent flight testing.
See More
Toyota-Backed Joby Aviation Aims for Production of 4 Aircraft Monthly
Stock Performance: Jobby Aviation's stock has seen a decline of approximately 25% since the beginning of the year, trading near $9.88, which has raised concerns among retail investors as the company continues to burn cash while awaiting the launch of commercial flights.
Shift in Business Strategy: On February 17, Jobby announced a significant shift from being a research startup to a serious industrial manufacturer in the aerospace sector, aiming to double its manufacturing capacity and target a production rate of four aircraft per month by 2027.
Partnership with Toyota: Jobby is deploying nearly 200 engineers from Toyota to oversee its expansion, marking a transition from a passive investment relationship to active management, which is expected to enhance its manufacturing efficiency through the Toyota Production System.
Financial Outlook: Despite a recent capital raise of approximately $1 billion, the stock price has dropped significantly, reflecting market concerns over dilution and the company's ability to achieve its ambitious production targets amidst ongoing financial challenges.
See More
Joby Aviation Partners with Nvidia for Autonomous Flight Development
- Strategic Partnership: Joby Aviation's collaboration with Nvidia to leverage the IGX Thor platform enhances its autonomous flight capabilities, potentially positioning Joby as a leader in the electric vertical take-off and landing (eVTOL) market.
- Technological Innovation: By utilizing Nvidia's technology, Joby aims to advance its Superpilot system towards certifiable autonomy, strengthening its market position for both civil and military applications while mitigating competition from Wisk.
- Market Positioning: Unlike Archer Aviation, Joby not only designs and manufactures eVTOLs but also plans to operate transportation services, leveraging its first-mover advantage to secure funding and establish technological trust in the marketplace.
- Data-Driven Development: Joby's autonomous flight initiatives will generate substantial flight-hour data akin to Tesla's full self-driving software, further enhancing its technological capabilities and accelerating market entry, making it an attractive stock for investors seeking eVTOL exposure.
See More
Joby Partners with Nvidia to Develop Autonomous Flight Technology
- Collaborative Development: Joby's partnership with Nvidia will leverage the latter's IGX Thor platform alongside Joby's Superpilot technology to advance autonomous flight capabilities, which is expected to significantly enhance Joby's competitiveness in the eVTOL market.
- Market Leadership Advantage: Joby's vertically integrated strategy positions it as a first mover in the electric vertical take-off and landing market, with plans to launch autonomous flight features by late 2025, potentially gaining an edge in funding and market trust.
- Dual-Use Strategy: Joby's plan to develop autonomous eVTOLs for military applications in the near term not only allows for early technology testing but also lays the groundwork for future civil market adoption, akin to Tesla's data accumulation for full self-driving software.
- Risk Management and Competition: By collaborating with Nvidia, Joby mitigates the risk of Wisk overtaking it in the autonomous market, with expectations that Joby could launch both piloted air taxis and possibly autonomous military versions before Wisk's civil autonomous eVTOL is certified.
See More
