Streetbeat News

JOBY

Joby Aviation, Inc.

https://www.jobyaviation.com

Industry

Airlines, Airports & Air Services

Joby Aviation, Inc., a vertically integrated air mobility company, engages in building an electric vertical takeoff and landing aircraft optimized to deliver air transportation as a service. It intends to build an aerial ridesharing service. The company was founded in 2009 and is headquartered in Santa Cruz, California.

Open

6.12

Mkt cap

4.9B

Volume

8.3M

High

6.25

P/E Ratio

-7.17

52-wk high

10.72

Low

6.05

Div yield

N/A

52-wk low

4.50

Joby Aviation announced it will host a virtual presentation on June 20, 2024, to discuss its preparations for commercial service.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 9:03 pm

Joby Aviation has signed a Memorandum of Understanding (MoU) with Mukamalah Aviation, a subsidiary of Saudi Aramco, to introduce eVTOL aircraft to Saudi Arabia. The agreement includes the potential direct sale of aircraft to Mukamalah, which operates the world's largest fleet of corporate aircraft.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 12:51 pm

Joby Aviation's stock trades lower following the release of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 6:04 pm

Joby Aviation reported its Q1 2024 earnings with a GAAP EPS of $(0.14), surpassing the estimated $(0.18). The company also reported sales of $25,000 for the quarter.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 5:08 pm

JP Morgan analyst Bill Peterson upgraded Joby Aviation (NYSE:JOBY) from Underweight to Neutral while maintaining a $5 price target.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 3:28 pm

Joby Aviation has completed its pre-production flight test program and is now moving to the next phase, focusing on for-credit flight testing using its production prototype aircraft.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:15 pm

Joby Aviation is expanding its pilot production line in Marina, California, with the expansion funded partly by a $9.8M California Competes Grant. This will more than double its manufacturing footprint at the Marina Municipal Airport, aiming for a production rate of 25 aircraft per year, with operations expected to start next year.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:36 pm

Joby Aviation, Inc. (NYSE:JOBY) has signed a Memorandum of Understanding (MoU) with three Abu Dhabi government departments to establish and scale its electric air taxi service in Abu Dhabi and beyond. This agreement includes the development of a full air taxi ecosystem, training, infrastructure, flight operations, and potentially a manufacturing presence in Abu Dhabi. The partnership aims to advance mobility solutions and marks Joby's expansion into the UAE, complementing its exclusive rights to operate air taxi services in Dubai. Joby's aircraft, designed for zero-emission flights, was showcased in Abu Dhabi, highlighting its capabilities for fast and clean air travel within the UAE.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:39 pm

Joby Aviation, Inc. (NYSE:JOBY) is planning to launch flying taxis by 2025 with support from Toyota Motor Corporation (NYSE:TM) and Delta Air Lines, Inc. (NYSE:DAL), aiming to offer commutes from downtown Manhattan to JFK Airport in under seven minutes. The company's eVTOLs are backed by $400 million from Toyota and $60 million from Delta. The FAA suggests a competitive air taxi market might be more realistic by 2028. Joby's stock is trading lower in the premarket session, and investors can also gain exposure through ALPS Clean Energy ETF (NYSE:ACES) and First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN).

Portfolio Pulse from Nabaparna Bhattacharya

April 16, 2024 | 1:19 pm

Archer Aviation Inc (NYSE:ACHR) is planning to launch its electric air-taxi service in the UAE by the end of 2025, aiming to compete with Joby Aviation Inc (NYSE:JOBY) in the regional commuter service market. CEO Adam Goldstein announced plans for operations in Abu Dhabi and Dubai, with regulatory assurances in place. The company recently completed significant battery pack drop testing, advancing its Midnight aircraft's development. ACHR shares rose 4.13% to $4.509.

Portfolio Pulse from Shivani Kumaresan

April 03, 2024 | 4:57 pm

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