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 (NYSE: JOBY) opened slightly lower after receiving FAA approval for its air-taxi software, ElevateOS. The software suite includes tools for pilots, operations, and passenger matching, and is a significant step towards Joby's goal of commercial air taxi operations by 2025.

Portfolio Pulse from Benzinga Neuro

June 20, 2024 | 2:03 pm

Joby Aviation has received FAA authorization to use its proprietary software suite, ElevateOS, designed for high-tempo, on-demand air taxi operations. The software has been tested over the past two years, leveraging Joby's Part 135 certification.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 10:04 am

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

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 5:41 pm

Joby Aviation has acquired the autonomy division of Xwing, a developer of aviation autonomous technology. This acquisition is expected to enhance Joby's capabilities in autonomous flight technology.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 11:10 am

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

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