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

Joby Aviation, Inc. (NYSE:JOBY) gapped down before the market opened on Tuesday . The stock had previously closed at $8.81, but opened at $8.43. Joby Aviation shares last traded at $8.6950, with a volume of 5,998,067 shares traded.

More Joby Aviation News

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

• Positive Sentiment: The acquisition could diversify Joby beyond passenger air taxis and provide access to defense markets sooner than commercial operations. Resonant Sciences generates more than $100 million in annual revenue, has high-teens EBITDA margins, and serves aerospace and defense customers in areas including radar, communications, electronic countermeasures, and stealth technology. Reuters acquisition report
• Positive Sentiment: Joby’s commercial business is also showing momentum: second-quarter revenue of $38.64 million exceeded the $30.20 million consensus estimate, and management raised its 2026 revenue outlook to $115 million-$125 million. The company is preparing for pilot-on-board demonstration flights in Texas and continues working toward FAA certification. Benzinga Joby update
• Neutral Sentiment: Management argues that Resonant’s cash-generating defense operations could help fund Joby’s lengthy commercial certification and manufacturing timeline, while Joby reported approximately $2.3 billion in cash, equivalents, and short-term investments at the end of the second quarter.
• Negative Sentiment: Resonant will cost approximately $450 million in cash and $50 million in Joby stock. Investors are concerned that the large upfront payment could accelerate cash burn, particularly as Joby expects to use $385 million-$415 million during the second half of 2026. Yahoo Finance defense acquisition analysis
• Negative Sentiment: Joby also disclosed a potential $750 million at-the-market equity offering. Although it could strengthen the balance sheet, selling shares would dilute existing investors and reinforced concerns that additional capital may be needed before the air-taxi business becomes profitable. Motley Fool stock market report
• Negative Sentiment: The move occurred amid broader weakness in advanced-air-mobility stocks, adding sector-wide selling pressure. Joby remains loss-making, with its latest quarterly EPS missing estimates, while commercial certification and revenue-scale-up risks remain unresolved.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on JOBY. Needham & Company LLC cut their target price on Joby Aviation from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Barclays raised shares of Joby Aviation to a “hold” rating in a report on Wednesday, July 29th. Weiss Ratings upgraded shares of Joby Aviation from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 14th. Susquehanna set a $18.00 target price on shares of Joby Aviation in a research note on Thursday, August 6th. Finally, Wall Street Zen lowered shares of Joby Aviation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 8th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $13.81.

Joby Aviation Stock Performance

The firm’s fifty day moving average is $8.44 and its 200-day moving average is $9.42. The company has a current ratio of 22.06, a quick ratio of 22.05 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $7.84 billion, a PE ratio of -8.05 and a beta of 2.73.

Joby Aviation (NYSE:JOBY) last announced its earnings results on Wednesday, August 5th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.02). The company had revenue of $38.64 million for the quarter, compared to analysts’ expectations of $30.20 million. Joby Aviation had a negative return on equity of 58.65% and a negative net margin of 755.11%.The company’s quarterly revenue was up 257493.3% compared to the same quarter last year. During the same period last year, the business earned ($0.41) EPS. As a group, research analysts anticipate that Joby Aviation, Inc. will post -0.96 earnings per share for the current year.

Insider Transactions at Joby Aviation

In other Joby Aviation news, insider Kate Dehoff sold 14,240 shares of the company’s stock in a transaction on Tuesday, July 14th. The stock was sold at an average price of $7.73, for a total transaction of $110,075.20. Following the transaction, the insider directly owned 180,179 shares in the company, valued at $1,392,783.67. This represents a 7.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Bonny W. Simi sold 7,832 shares of the firm’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $8.92, for a total value of $69,861.44. Following the transaction, the insider owned 231,687 shares of the company’s stock, valued at approximately $2,066,648.04. This represents a 3.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 1,050,736 shares of company stock worth $11,423,677 in the last three months. Company insiders own 20.35% of the company’s stock.

Hedge Funds Weigh In On Joby Aviation

Several hedge funds have recently bought and sold shares of JOBY. Lingotto Investment Management LLP lifted its position in shares of Joby Aviation by 34.2% during the fourth quarter. Lingotto Investment Management LLP now owns 3,138,240 shares of the company’s stock worth $41,425,000 after purchasing an additional 799,260 shares in the last quarter. DNB Asset Management AS boosted its stake in shares of Joby Aviation by 16.3% in the fourth quarter. DNB Asset Management AS now owns 366,281 shares of the company’s stock valued at $4,835,000 after purchasing an additional 51,344 shares during the period. Vanguard Group Inc. grew its holdings in shares of Joby Aviation by 5.1% in the fourth 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 in the last quarter. Norges Bank purchased a new stake in Joby Aviation during the 4th quarter worth approximately $32,269,000. Finally, SummitTX Capital L.P. acquired a new stake in Joby Aviation during the 1st quarter worth approximately $1,127,000. Institutional investors and hedge funds own 52.85% of the company’s stock.

Joby Aviation Company Profile

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.