Shares of eVTOL leader Joby Aviation, Inc. (NYSE: JOBY) experienced a significant surge in morning trading, jumping over 10% as investors flock to the pioneering air taxi company.
NEW YORK – Joby Aviation, Inc. (NYSE: JOBY) saw its share price climb sharply today, trading at
0.75 or +10.01% as of 11:21:51 AM EDT. The electric vertical takeoff and landing (eVTOL) aircraft developer witnessed robust trading activity, with volume already exceeding 26.5 million shares, significantly higher than its average volume of approximately 13.79 million shares.
The stock opened the day at $8.49, after a previous close of $7.50. Throughout the morning session, Joby Aviation’s shares have navigated a day’s range between $8.03 and $8.73. This positive momentum pushes the stock further within its 52-week range of $4.66 to $10.72, showcasing renewed investor confidence in the future of urban air mobility.
While no specific company news appears to have directly triggered today’s rally, the broader eVTOL sector continues to capture significant attention. Joby Aviation, a frontrunner in the race to commercialize electric air taxi services, benefits from this heightened interest. The company’s market capitalization currently stands at an impressive $6.93 billion (intraday), reflecting its prominent position in this innovative industry.
Investors tracking Joby Aviation (JOBY) will note its beta of 2.39 (5Y Monthly), indicating higher volatility compared to the broader market, which is common for growth-oriented technology stocks in nascent industries. As a pre-revenue company focused on development and certification, Joby currently has a negative EPS (TTM) of -0.84 and does not yet have a PE Ratio or offer a dividend.
The significant trading volume accompanying the price increase suggests strong conviction among buyers. As Joby Aviation continues to make strides towards FAA certification and the launch of its aerial ridesharing service, its stock performance remains a key indicator of market sentiment towards the entire eVTOL sector.
Joby Aviation (JOBY) Stock: Frequently Asked Questions (FAQ)
Q1: What is Joby Aviation, Inc. (JOBY)?
A1: Joby Aviation, Inc. is an American company developing all-electric vertical takeoff and landing (eVTOL) aircraft. Their goal is to operate these aircraft as a fast, quiet, and affordable air taxi service in and around cities.
Q2: Why did Joby Aviation (JOBY) stock go up today?
A2: As of the image provided (11:21:51 AM EDT), JOBY stock surged over 10%. While the image doesn’t specify a single catalyst, such movements can be driven by broader market sentiment towards the eVTOL sector, positive industry news, analyst upgrades, or significant buying activity as evidenced by the high trading volume.
Q3: What is the current stock price of Joby Aviation (JOBY)?
A3: According to the image, Joby Aviation (JOBY) stock was trading at $8.24, up $0.75 (+10.01%) at 11:21:51 AM EDT.
Q4: What was the trading volume for JOBY stock today?
A4: The trading volume for JOBY was 26,521,476 shares as of the time indicated. This is significantly higher than its average volume of 13,794,517 shares, suggesting increased investor interest.
Q5: What is the 52-week price range for JOBY stock?
A5: The 52-week range for Joby Aviation (JOBY) stock is $4.66 – $10.72.
Q6: Is Joby Aviation profitable?
A6: Based on the data, Joby Aviation is not currently profitable. Its PE Ratio (TTM) is listed as “—” and its EPS (TTM) is -0.84. This is typical for companies in the development and growth phase, especially in capital-intensive industries like eVTOL aircraft manufacturing.
Q7: Does Joby Aviation (JOBY) pay a dividend?
A7: No, Joby Aviation (JOBY) does not currently pay a dividend. The “Forward Dividend & Yield” is listed as “—”.
Q8: What is the market capitalization of Joby Aviation?
A8: Joby Aviation’s intraday market capitalization is $6.93 billion.
Q9: What is the 1-year target estimate for JOBY stock?
A9: The 1-year target estimate for JOBY stock is $7.75, according to the provided data. It’s worth noting that the current price of $8.24 is above this particular estimate.
Q10: Where can I find more information about Joby Aviation (JOBY) stock?
A10: You can find more information on financial news websites, the official NYSE website, and Joby Aviation’s investor relations page. Always consult with a financial advisor before making investment decisions.
