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

5.88

Mkt cap

4.4B

Volume

12M

High

5.89

P/E Ratio

-8.19

52-wk high

7.69

Low

5.58

Div yield

N/A

52-wk low

4.50

Joby Aviation Inc (NYSE:JOBY) stock is trading higher after the company announced the completion of air traffic simulations with NASA's Ames Research Center. The simulations tested the integration of up to 120 eVTOL operations per hour into current airspace using existing air traffic control tools and procedures. The tests, observed by FAA and National Air Traffic Controllers Association representatives, are a step towards the commercialization of air taxis. At the time of publication, JOBY shares had risen by 4.57% to $6.87.

Portfolio Pulse from Adam Eckert

December 21, 2023 | 2:51 pm

Joby Aviation, Inc. (NYSE:JOBY) and NASA completed air traffic simulations demonstrating the integration of up to 120 eVTOL air taxi operations per hour into busy airspace using current ATC tools and procedures. The simulations took place at NASA's Future Flight Central and involved scenarios at Dallas-Fort Worth airspace. The tests showed that air taxis could operate alongside existing airport traffic without impacting it, paving the way for commercialization in the National Airspace System. Representatives from the FAA and NATCA observed the simulations, with NASA set to publish a full analysis next year.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 9:19 pm

Shares of companies in the industrial sector are trading lower due to potential profit-taking after a recent market rally. This trend affects multiple companies across the sector.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 8:49 pm

Industrial stocks are experiencing an uptick following the Federal Reserve's decision to keep interest rates unchanged. The market's positive reaction is also fueled by expectations of potential future rate cuts as indicated by the majority of Fed officials.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 8:51 pm

Joby Aviation has partnered with ANA Holdings and Nomura Real Estate Development to construct vertiports in Japan, which will serve as hubs for air taxis. This collaboration aims to advance urban air mobility and establish infrastructure for air taxi services in the country.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 7:19 am

Joby Aviation has been awarded a $9.8 million California Competes Grant to expand its facilities in California. The company has committed to creating 690 new jobs by 2027 and plans to invest $41.3 million in the expansion efforts.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 11:05 am

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on Joby Aviation (NYSE:JOBY) and maintained a $10 price target for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 5:38 pm

Joby Aviation Inc (NYSE:JOBY) successfully conducted the first-ever electric air taxi flight in New York City, demonstrating its eVTOL aircraft's capabilities. The flight took off from Downtown Heliport in Manhattan, showcasing the potential for urban air mobility. Joby, in partnership with Delta Air Lines, Inc. (NYSE:DAL), plans to launch commercial passenger service in New York by 2025, offering a fast and quiet travel option with zero operating emissions. The service aims to reduce travel time from Manhattan to JFK Airport to just seven minutes. JOBY shares saw a premarket increase of 3.48% to $5.65.

Portfolio Pulse from Shivani Kumaresan

November 14, 2023 | 11:55 am

Joby Aviation's eVTOL aircraft is expected to fly in New York City, demonstrating the progress of electric-aircraft technology towards commercial application. Archer Aviation (ACHR) also has an eVTOL but won't fly it. Boeing (BA) and Airbus (AIR.France) are involved in eVTOL development, while Blade Air Mobility (BLDE) operates a network of aircraft and is profitable. Joby has delivered an aircraft to the Air Force and is advancing in FAA certification. Archer plans flight testing in mid-2024. Joby and Archer stocks have risen over the past year, while Blade's shares have fallen.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 3:29 pm

The article lists the stocks that gained and lost the most in Thursday's mid-day session. Some of the top gainers include OmniLit Acquisition Corp., Panbela Therapeutics, Inc., Lemonade, Inc., and Aware, Inc. due to positive news such as merger approvals, publication of clinical data, and strong quarterly results. On the other hand, Outlook Therapeutics, Inc., Confluent, Inc., Remitly Global, Inc., and Acurx Pharmaceuticals, Inc. were among the top losers due to negative news such as additional clinical trials required for approval, mixed financial results, and disappointing efficacy results from a Phase 2 trial.

Portfolio Pulse from Lisa Levin

November 02, 2023 | 6:26 pm

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