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.

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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

Joby Aviation's shares are trading higher after the company reported better than expected earnings for Q3.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 3:23 pm

Joby Aviation (JOBY) announced that it had $1.1 billion in cash and short-term investments at the end of Q3 2023.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 8:24 pm

Joby Aviation reported Q3 2023 earnings per share (EPS) of $0.00, beating the estimate of $(0.18).

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 8:23 pm

Shares of broader industrial stocks are experiencing a downturn due to overall market weakness.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 7:56 pm

Benzinga's options activity scanner has identified unusual trading activity in 10 industrial stocks. The stocks include Boeing (BA), Delta Air Lines (DAL), Vertiv Holdings (VRT), Plug Power (PLUG), Joby Aviation (JOBY), Innodata (INOD), Northrop Grumman (NOC), Array Technologies (ARRY), Quanta Services (PWR), and Eaton Corporation (ETN). The activity includes both bullish and bearish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 5:35 pm

Joby Aviation responded to recent statements by Kerrisdale, a company with a vested interest in lowering Joby's share price. Joby encouraged investors to review their public filings for accurate information about their progress and financial projections. They highlighted recent achievements including expanded testing, delivery of the first-ever electric air taxi to the U.S. Air Force, and the announcement of their first scaled manufacturing facility.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 3:40 pm

Kerrisdale Capital Management has raised concerns over the feasibility and safety of Joby Aviation's electric vertical-take-off-and-landing (eVTOL) planes, questioning the company's $4.8 billion valuation. The concerns revolve around the energy consumption, production capability, and safety of the eVTOL planes. Joby Aviation's ambitious plans of producing thousands of aircraft annually at a unit cost of $1.3 million are also under scrutiny.

Portfolio Pulse from Vandana Singh

October 10, 2023 | 2:12 pm

Kerrisdale Capital has issued a short report on Joby Aviation, a $4.8 billion development stage aircraft manufacturer. The report criticizes Joby's electric vertical-take-off-and-landing (eVTOL) plane project, stating that it is years away from generating revenue and unlikely to ever earn a profit. Kerrisdale also questions the feasibility of battery-powered flight and Joby's production forecast, and criticizes the company's cost projections and certification timeline.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:59 pm

Joby Aviation, Inc. (NYSE:JOBY) has expanded its flight test program to include flying with a pilot on board the aircraft. This is a critical step towards the company's goal of developing electric vertical take-off and landing (eVTOL) aircraft for commercial passenger service.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 10:06 am

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