Could this unloved electric aviation stock finally take off? Joby Aviation (JOBY -0.40%), a developer of electric vertical take off and landing (eVTOL) aircraft, went public by merging with a special purpose acquisition company (SPAC) on Aug. 10, 2021. The combined company's stock started trading at $10.62, ended its first day at $13.40, but now trades at about $5. Like many other SPAC-backed start-ups, Joby disappointed its early investors by missing its own pre-merger estimates by a mile. It also faced co ...

Joby Aviation (JOBY) is scheduled to release third-quarter 2024 results on Nov. 6 after market close. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. The transportation company has an encouraging surprise record. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and met once. The average beat is 9.1%. The Zacks Consensus Estimate for JOBY's soon-to-be-reported quarter earnings has widened to a loss of 20 cents per share from a loss of 19 cents per ...

Joby's business is about to take off. The auto ridesharing market has become one of the most important tech advancements of the last 15 years, enabling new jobs and an entirely new way to get around cities around the world. The same kind of disruption may be coming for the aviation market, led by Joby Aviation (JOBY -14.57%) and its electric aircraft. It's not a business without risks, given the nascent state of the industry, but Joby has the technology to be a major player in the market. Getting off the gr ...

The company is selling additional shares to raise capital.Joby Aviation (JOBY -12.33%) is selling additional shares to add to its cash coffers, meaning each existing share is worth a little less today than it was yesterday.Investors had a negative reaction to the news, sending Joby shares down 14% as of 10:15 a.m. ET.Raising additional cashJoby is one of a handful of companies attempting to commercialize small electric aircraft capable of vertical takeoffs and landings, or eVTOLs. Proponents envision these ...

Joby Aviation Inc (NYSE:JOBY) stock is 13.3% lower to trade at $5.24 after the electric air taxi company priced an underwritten public offering of 40 million shares at $5.05 per share. JOBY is pacing for its worst single-session percentage drop since July 2023, and is now down 22% in 2024, though there's support from the $5.10 level in place. Drilling down today's options activity, calls and puts are popular following the offering. So far, 8,810 calls and 6,097 puts have traded hands, which is three times t ...

Electric vertical takeoff and landing vehicle startup Joby Aviation has launched a public offering to sell up to $200 million of its shares of common stock, per a regulatory filing.Joby said it will use the proceeds from the raise — together with its existing cash — to fund its certification and manufacturing efforts, prepare for commercial launch in 2025, and for general working capital.  The eVTOL firm added that it intends to grant the underwriters a 30-day option to purchase an additional $30 million s ...

U.S. federal authorities provided quite a significant lift for the company with a set of new standards and regulations.The U.S. federal government provided quite a strong tailwind for Joby Aviation (JOBY 12.57%) on Tuesday, and thanks to that, the company's shares gained quite a bit of altitude that day. They climbed nearly 13% higher in price on the news, and in doing so, they trounced the essentially flat-lining S&P 500 index.A monster lift from the FAAThat day, the Federal Aviation Administration (FAA) i ...

Joby Aviation Today JOBY Joby Aviation $5.45 -0.10 (-1.80%) 52-Week Range $4.50 ▼ $7.69 Price Target $8.88 Add to Watchlist As we turn the corner into the final few weeks of the year, there are not going to be many stocks offering the kind of upside that Joby Aviation Inc NYSE: JOBY is. What's interesting is that its outlook hasn't been this bullish in a while. The California-based electric air taxi company, which boasts a market cap of $4 billion, went through a 60% sell-off earlier this year, and the stoc ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Joby Aviation lands $500M from Toyota as it races to launch flying taxis. The benchmark S&P 500 is on track to produce a whopping 20% gain for 2024, but companies developing electric vertical take-off and landing (eVTOL) aircraft have floundered. The stocks of the biggest and most visible players in this emerging field of aviation technology have averaged a return of negative 22.2% this year. This stark contrast between the broader market's performance and the struggles of eVTOL companies raises questions f ...