Joby Aviation (NYSE:JOBY) Shares Down 4.7% – Here’s Why

Joby Aviation, Inc. (NYSE:JOBY)’s share price fell 4.7% during mid-day trading on Wednesday . The company traded as low as $15.52 and last traded at $15.5350. 23,773,610 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 28,584,127 shares. The stock had previously closed at $16.30.

Key Joby Aviation News

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

• Positive Sentiment: Signed deal to acquire a 700,000+ sq ft Ohio manufacturing facility to more than double production capacity (targeting ~4 aircraft/month in 2027), which materially expands Joby’s industrial footprint and lowers execution risk for scaling. Joby to Expand Manufacturing Footprint with Acquisition of Second Ohio Facility
• Positive Sentiment: Accepted FAA‑grade CAE flight simulators to begin pilot training — an operational milestone that removes a key bottleneck to launching commercial service and supports near‑term certification/readiness timelines. Joby Prepares for First Wave of Air Taxi Pilot Training With CAE Flight Simulators
• Positive Sentiment: Sector rotation into eVTOLs and recent partnership/vertiport news have driven strong momentum into the group, which lifted Joby in recent sessions and reflects growing investor confidence that commercial flights are approaching. Flying Cars and Rising Bars: The 2026 eVTOL Breakout Begins
• Neutral Sentiment: Large institutional positions (notably Toyota and Vanguard) and Joby’s near‑$1B liquidity backstop make the company less vulnerable to short‑term funding risk — a structural positive, but it doesn’t eliminate execution and certification risk. Flying Cars and Rising Bars: The 2026 eVTOL Breakout Begins
• Neutral Sentiment: Analyst coverage remains mixed (buy/hold/sell split and a consensus target near ~$13.43), so guidance from certifying bodies and concrete commercial‑service dates will likely drive future re‑ratings. Joby Aviation Stock Page
• Negative Sentiment: Significant insider selling this week — including CEO Joeben Bevirt and large disposals by former CEO/board member Bonny Simi (100k+ shares) and other executives — which can sap sentiment and prompt short‑term profit taking even if sales are for diversification or tax purposes. Joeben Bevirt Sells 23,552 Shares of Joby Aviation Bonny Simi Sells 110,173 Shares of Joby Aviation
• Negative Sentiment: Recent quarterly results showed an EPS miss and continued negative profitability — the company remains pre‑revenue for large‑scale commercial service and analysts forecast continuing losses, which keeps valuation sensitive to execution shifts. Joby Aviation Stock Page (earnings summary)

Wall Street Analyst Weigh In

A number of brokerages have weighed in on JOBY. HC Wainwright reiterated a “neutral” rating on shares of Joby Aviation in a report on Monday, November 24th. JPMorgan Chase & Co. increased their target price on Joby Aviation from $7.00 to $8.00 and gave the stock an “underweight” rating in a research report on Friday, October 31st. Morgan Stanley lifted their target price on Joby Aviation from $7.00 to $15.00 and gave the company an “equal weight” rating in a report on Thursday, October 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Joby Aviation in a report on Wednesday, October 8th. Finally, Zacks Research upgraded Joby Aviation from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $13.43.

Joby Aviation Price Performance

The firm has a market capitalization of $14.16 billion, a price-to-earnings ratio of -11.59 and a beta of 2.56. The business’s 50-day moving average price is $14.64 and its 200 day moving average price is $14.95.

Joby Aviation (NYSE:JOBY) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.29). The company had revenue of $22.57 million for the quarter, compared to analysts’ expectations of $0.02 million. During the same quarter last year, the business earned ($0.21) earnings per share. Joby Aviation’s revenue for the quarter was up 7962.1% compared to the same quarter last year. As a group, sell-side analysts expect that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Insider Buying and Selling at Joby Aviation

In other Joby Aviation news, insider Eric Allison sold 5,447 shares of Joby Aviation stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $13.51, for a total transaction of $73,588.97. Following the sale, the insider directly owned 667,588 shares in the company, valued at $9,019,113.88. The trade was a 0.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Didier Papadopoulos sold 6,429 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $15.84, for a total value of $101,835.36. Following the completion of the transaction, the insider directly owned 113,718 shares in the company, valued at approximately $1,801,293.12. The trade was a 5.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 277,501 shares of company stock valued at $4,004,816. Company insiders own 32.40% of the company’s stock.

Institutional Trading of Joby Aviation

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Asset Planning Inc boosted its stake in Joby Aviation by 70.0% during the 3rd quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock valued at $27,000 after acquiring an additional 700 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Joby Aviation by 284.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company’s stock valued at $27,000 after purchasing an additional 1,880 shares in the last quarter. Canton Hathaway LLC bought a new position in shares of Joby Aviation during the third quarter worth about $29,000. Strategic Advocates LLC acquired a new position in Joby Aviation in the third quarter worth about $29,000. Finally, Hilltop National Bank bought a new stake in Joby Aviation in the third quarter valued at about $32,000. 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.