Joby Aviation (NYSE:JOBY) Trading Down 16.7% – Time to Sell?

Joby Aviation, Inc. (NYSE:JOBY)’s share price was down 16.7% during mid-day trading on Thursday . The company traded as low as $10.80 and last traded at $11.1350. Approximately 152,958,425 shares changed hands during mid-day trading, an increase of 395% from the average daily volume of 30,881,066 shares. The stock had previously closed at $13.37.

Joby Aviation News Summary

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

• Positive Sentiment: Joby is named in Ohio’s eIPP coalition, which proposes near-term operational deployments for advanced air mobility (medical transport across a four-state region). This could accelerate regulatory engagement and potential early revenue/use cases if selected. Ohio eIPP Proposal Uses New Aviation Technology to Solve National Healthcare Challenge
• Neutral Sentiment: Joby says it is weighing legal options related to Archer’s partnerships (Toyota/vertiports); litigation/competitive disputes could create headline risk and legal costs but also signal aggressive defense of market position. Joby Weighs Archer Legal Challenge Against Toyota And Vertiport Growth Plans
• Neutral Sentiment: Explanatory coverage summarizes the structure of the deals (common stock + convertible senior notes) and the company’s stated use of proceeds to fund manufacturing expansion — useful context on strategy though not a catalyst by itself. Joby Aviation’s Strategic Offerings: Common Stock and Convertible Senior Notes Explained
• Negative Sentiment: Joby priced an upsized concurrent offering: ~52.86M shares at $11.35 and $600M aggregate principal of 0.75% convertible senior notes due 2032 — roughly $1B in proceeds. The equity issuance and convertibles create near-term dilution and convertible overhang, pressuring the share price. Joby Aviation Prices Upsized Offering of Primary Common Stock and Upsized Offering of Convertible Senior Notes
• Negative Sentiment: The earlier filing/announcement that Joby planned to raise roughly $1B signaled capital needs tied to manufacturing expansion; markets often sell first and ask questions later, especially for pre-revenue/early-revenue aerospace developers. Joby Aviation Announces Proposed Offerings of Common Stock and Convertible Senior Notes
• Negative Sentiment: Market commentary and headlines (Barron’s, MarketWatch, Seeking Alpha, Investing.com, 247WallSt) tied the offering to today’s steep volume and selloff — reinforcing negative sentiment and triggering short-term technical pressure. Joby Aviation Stock Plunges. This Is Why.
• Negative Sentiment: Secondary coverage pieces explain the mechanics and investor concerns (dilution, convertible terms, low coupon) and report premarket/premarket weakness; expect volatility until the new share/convertible supply is absorbed. Joby Aviation stock falls after announcing $1B stock and notes offerings

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on JOBY shares. The Goldman Sachs Group initiated coverage on Joby Aviation in a research report on Monday, December 1st. They set a “sell” rating and a $10.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and set a $22.00 target price on shares of Joby Aviation in a research report on Thursday, November 6th. Zacks Research upgraded Joby Aviation from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Morgan Stanley upped their price target on shares of Joby Aviation from $7.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 9th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Joby Aviation in a report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Joby Aviation presently has a consensus rating of “Reduce” and a consensus target price of $13.43.

Joby Aviation Price Performance

The firm has a market cap of $10.15 billion, a price-to-earnings ratio of -8.31 and a beta of 2.56. The company has a fifty day moving average price of $14.44 and a two-hundred day moving average price of $15.41.

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

Insider Transactions at Joby Aviation

In other Joby Aviation news, insider Didier Papadopoulos sold 11,650 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $13.51, for a total transaction of $157,391.50. Following the completion of the sale, the insider owned 120,147 shares in the company, valued at approximately $1,623,185.97. The trade was a 8.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Joeben Bevirt sold 23,552 shares of Joby Aviation stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $13.51, for a total value of $318,187.52. Following the completion of the sale, the chief executive officer directly owned 288,814 shares in the company, valued at $3,901,877.14. This represents a 7.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 289,556 shares of company stock worth $4,052,822 over the last ninety days. 32.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Joby Aviation

A number of large investors have recently modified their holdings of the company. Asset Planning Inc grew its holdings in Joby Aviation by 70.0% in the 3rd quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock worth $27,000 after acquiring an additional 700 shares during the last quarter. Strategic Advocates LLC bought a new stake in shares of Joby Aviation in the 3rd quarter worth approximately $29,000. Canton Hathaway LLC bought a new position in shares of Joby Aviation during the third quarter valued at $29,000. Hilltop National Bank purchased a new position in Joby Aviation in the third quarter worth about $32,000. Finally, Ancora Advisors LLC bought a new position in shares of Joby Aviation during the third quarter valued at $35,000. 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.