Joby Aviation (NYSE:JOBY) Shares Down 5.1% – Here’s Why

Joby Aviation, Inc. (NYSE:JOBY) was down 5.1% during mid-day trading on Friday . The company traded as low as $10.49 and last traded at $10.57. Approximately 53,469,729 shares changed hands during mid-day trading, an increase of 67% from the average daily volume of 32,036,438 shares. The stock had previously closed at $11.14.

Joby Aviation News Roundup

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

• Positive Sentiment: Raises meaningful capital — Joby priced an upsized concurrent offering of common stock and $600M of 0.75% convertible senior notes (total proceeds roughly $1.2B), which provides cash to accelerate eVTOL production and extend runway. Joby Aviation Prices Upsized Offering
• Neutral Sentiment: Convertible terms reduce near-term cash interest (0.75% coupon) but create potential equity dilution on conversion; net benefit depends on Joby hitting production and revenue targets. Joby Aviation Stock Plunges. This Is Why.
• Neutral Sentiment: Capital is intended to fund scale-up of manufacturing (Bay Area factory expansion), which could unlock revenue growth if execution succeeds — a long-term positive conditional on delivery. Joby Aviation seeks to raise up to $1 billion
• Negative Sentiment: Share issuance priced at $11.35 triggered a heavy sell-off: the market punished near-term dilution, with shares falling sharply intraday after the offering priced. Joby Aviation (JOBY) Loses 16.68%
• Negative Sentiment: Investor re-rating: shares have dropped nearly 50% from 2025 highs, cutting market capitalization from roughly $17.5B to about $10B as sentiment shifted on dilution and execution risk. Here’s why the Joby Aviation stock price imploded this week
• Negative Sentiment: Legal overhang: ongoing disputes with Archer (trade-secrets suit) and potential conflicts around vertiport/Toyota plans add uncertainty and could distract management or impose costs. Archer asks judge to toss Joby trade-secrets lawsuit

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Zacks Research raised shares of Joby Aviation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Needham & Company LLC reissued a “buy” rating and issued a $22.00 price objective on shares of Joby Aviation in a research report on Thursday, November 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Joby Aviation in a research note on Thursday, January 22nd. JPMorgan Chase & Co. raised their target price on Joby Aviation from $7.00 to $8.00 and gave the stock an “underweight” rating in a research note on Friday, October 31st. Finally, HC Wainwright reissued a “neutral” rating on shares of Joby Aviation in a research note on Monday, November 24th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $13.43.

Joby Aviation Stock Down 5.1%

The stock has a market cap of $9.64 billion, a price-to-earnings ratio of -7.89 and a beta of 2.56. The stock has a 50 day simple moving average of $14.40 and a 200 day simple moving average of $15.38.

Joby Aviation (NYSE:JOBY) last issued its earnings results 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. The firm’s quarterly revenue was up 7962.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.21) EPS. Equities analysts expect that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Insider Activity at Joby Aviation

In related news, insider Kate Dehoff sold 28,260 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $14.72, for a total transaction of $415,987.20. Following the transaction, the insider directly owned 149,369 shares of the company’s stock, valued at $2,198,711.68. This trade represents a 15.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Joeben Bevirt sold 23,552 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $13.51, for a total transaction of $318,187.52. Following the transaction, the chief executive officer owned 288,814 shares in the company, valued at approximately $3,901,877.14. This trade represents a 7.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 289,556 shares of company stock valued at $4,052,822 over the last quarter. 28.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Joby Aviation

Hedge funds and other institutional investors have recently modified their holdings of the business. Toyota Motor Corp raised its stake in shares of Joby Aviation by 63.1% during the 2nd quarter. Toyota Motor Corp now owns 128,454,401 shares of the company’s stock worth $1,355,194,000 after purchasing an additional 49,701,790 shares during the period. Vanguard Group Inc. boosted its holdings in Joby Aviation by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 52,488,707 shares of the company’s stock valued at $692,851,000 after purchasing an additional 2,540,382 shares during the period. Geode Capital Management LLC boosted its position in shares of Joby Aviation by 5.4% during the 2nd quarter. Geode Capital Management LLC now owns 11,109,935 shares of the company’s stock valued at $117,230,000 after acquiring an additional 573,328 shares during the last quarter. State Street Corp lifted its holdings in shares of Joby Aviation by 3.0% during the 2nd quarter. State Street Corp now owns 10,392,018 shares of the company’s stock worth $109,636,000 after acquiring an additional 305,109 shares during the last quarter. Finally, Rheos Capital Works Inc. boosted its stake in Joby Aviation by 58.2% in the second quarter. Rheos Capital Works Inc. now owns 7,205,000 shares of the company’s stock worth $76,013,000 after buying an additional 2,650,000 shares in the last quarter. Hedge funds and other institutional investors own 52.85% of the company’s stock.

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.