Joby Aviation (NYSE:JOBY) Shares Down 5.1% – Should You Sell?

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

Trending Headlines about Joby Aviation

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 Ratings Changes

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

Joby Aviation Trading Down 5.1%

The firm’s 50-day moving average price is $14.40 and its 200-day moving average price is $15.38. The stock has a market capitalization of $9.64 billion, a PE ratio of -7.89 and a beta of 2.56.

Joby Aviation (NYSE:JOBY) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate 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. During the same period in the prior year, the company posted ($0.21) EPS. The company’s quarterly revenue was up 7962.1% compared to the same quarter last year. On average, equities research analysts predict that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Insider Activity at Joby Aviation

In related news, insider Eric Allison sold 21,493 shares of the firm’s stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $14.84, for a total value of $318,956.12. Following the completion of the sale, the insider directly owned 702,604 shares in the company, valued at $10,426,643.36. This trade represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joeben Bevirt sold 23,552 shares of Joby Aviation stock in a transaction on 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 directly owned 288,814 shares of the company’s stock, valued at $3,901,877.14. The trade was a 7.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 289,556 shares of company stock worth $4,052,822 in the last ninety days. Corporate insiders own 28.50% of the company’s stock.

Institutional Investors Weigh In On Joby Aviation

Several large investors have recently added to or reduced their stakes in JOBY. Sowell Financial Services LLC purchased a new stake in shares of Joby Aviation in the 3rd quarter worth approximately $663,000. Pier 88 Investment Partners LLC purchased a new position in Joby Aviation during the third quarter valued at approximately $635,000. Voya Investment Management LLC raised its stake in Joby Aviation by 20.0% in the third quarter. Voya Investment Management LLC now owns 1,150,050 shares of the company’s stock worth $18,562,000 after buying an additional 192,064 shares in the last quarter. Valeo Financial Advisors LLC purchased a new stake in Joby Aviation during the second quarter worth $461,000. Finally, Udine Wealth Management Inc. purchased a new stake in Joby Aviation during the third quarter worth $1,414,000. 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.