Joby Aviation (JOBY) Company Overview

Joby Aviation (JOBY -6.05%), a company that creates electric vertical takeoff and landing (eVTOL) aircraft, became a public company by merging with a special purpose acquisition company on August 10, 2021. On its first trading day, the stock price started at $10.62, but it is currently trading at about $9.

Joby Aviation's shares have risen about 33% in the past year, outperforming the S&P 500, which has increased by around 22%. As a result, growth investors watching the air taxi stock might think that its recent rise suggests it may not keep going up.

As JOBY shares are increasing in value, we evaluate whether the stock is a good investment at this time.

Joby Aviation secured a significant amount of funding in the fourth quarter, increasing its cash reserves to $1.4 billion, and is working towards getting FAA certification and expanding internationally. The company is building facilities in Ohio and Dubai, with a goal to establish a network of four vertiports in Dubai by 2025. Investors should be careful, as delays in FAA certification could affect the stock price, so it might be wise to keep some extra funds for potentially better buying opportunities.

Joby Aviation's stock price has been performing well, hitting a peak of $10.72, the highest it has been since July 2023. It has increased by more than 130% from its lowest point in 2024, raising its market value to over $7.52 billion.

Joby Aviation's stock is considered risky, but it could offer high returns if the company successfully launches its commercial services. They have made important strides in getting FAA certifications, such as Part 135, Part 141, and ElevateOS, but still need type certification for their eVTOL aircraft. Currently, JOBY has low revenue and high research and development expenses, and its future profits will rely on demand for air taxis, the ability to grow operations, and an effective pricing strategy.

Joby Aviation's shares (JOBY 18.17%) rose significantly today, likely due to a mix of excitement from meme stock trends and news that the Biden administration plans to limit competition from Chinese drones.

Joby Aviation's stock is experiencing significant growth in trading on Friday. As of 2 p.m., the price of the flying electric vehicle company's shares has risen by 18%.

Joby Aviation Inc. (NYSE: JOBY), a leader in electric vertical takeoff and landing (eVTOL) aircraft, has had an impressive finish to the year. The stock has risen by 66% this quarter, resulting in a total increase of 26% for the year as of Monday's closing.