Joby Aviation (NYSE:JOBY) Shares Down 16.7% – What’s Next?

Joby Aviation, Inc. (NYSE:JOBY) fell 16.7% during trading on Thursday . The company traded as low as $10.80 and last traded at $11.1350. 152,958,425 shares changed hands during mid-day trading, an increase of 395% from the average session volume of 30,881,066 shares. The stock had previously closed at $13.37.

Trending Headlines about Joby Aviation

Here are the key news stories impacting Joby Aviation this week:

• Positive Sentiment: Raises meaningful capital — Joby priced an upsized concurrent offering of common stock and $600M of 0.75% convertible senior notes (total proceeds roughly $1.2B), which provides cash to accelerate eVTOL production and extend runway. Joby Aviation Prices Upsized Offering
• Neutral Sentiment: Convertible terms reduce near-term cash interest (0.75% coupon) but create potential equity dilution on conversion; net benefit depends on Joby hitting production and revenue targets. Joby Aviation Stock Plunges. This Is Why.
• Neutral Sentiment: Capital is intended to fund scale-up of manufacturing (Bay Area factory expansion), which could unlock revenue growth if execution succeeds — a long-term positive conditional on delivery. Joby Aviation seeks to raise up to $1 billion
• Negative Sentiment: Share issuance priced at $11.35 triggered a heavy sell-off: the market punished near-term dilution, with shares falling sharply intraday after the offering priced. Joby Aviation (JOBY) Loses 16.68%
• Negative Sentiment: Investor re-rating: shares have dropped nearly 50% from 2025 highs, cutting market capitalization from roughly $17.5B to about $10B as sentiment shifted on dilution and execution risk. Here’s why the Joby Aviation stock price imploded this week
• Negative Sentiment: Legal overhang: ongoing disputes with Archer (trade-secrets suit) and potential conflicts around vertiport/Toyota plans add uncertainty and could distract management or impose costs. Archer asks judge to toss Joby trade-secrets lawsuit

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on JOBY shares. Zacks Research upgraded shares of Joby Aviation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. HC Wainwright reaffirmed a “neutral” rating on shares of Joby Aviation in a research note on Monday, November 24th. Morgan Stanley upped their target price on Joby Aviation from $7.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 9th. JPMorgan Chase & Co. lifted their price target on shares of Joby Aviation from $7.00 to $8.00 and gave the company an “underweight” rating in a research report on Friday, October 31st. Finally, The Goldman Sachs Group began coverage on shares of Joby Aviation in a research report on Monday, December 1st. They set a “sell” rating and a $10.00 target price for the company. One analyst has rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $13.43.

Joby Aviation Trading Down 5.1%

The firm has a market capitalization of $9.64 billion, a P/E ratio of -7.89 and a beta of 2.56. The stock’s 50-day simple moving average is $14.35 and its 200-day simple moving average is $15.36.

Joby Aviation (NYSE:JOBY) last announced its earnings results on Wednesday, November 5th. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.29). The firm had revenue of $22.57 million during the quarter, compared to analysts’ expectations of $0.02 million. The firm’s revenue was up 7962.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.21) EPS. On average, equities research analysts expect that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Insider Activity

In other news, insider Gregory Bowles sold 5,383 shares of Joby Aviation stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $14.72, for a total transaction of $79,237.76. Following the sale, the insider directly owned 162,674 shares in the company, valued at $2,394,561.28. The trade was a 3.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Didier Papadopoulos sold 6,429 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $15.84, for a total transaction of $101,835.36. Following the completion of the transaction, the insider directly owned 113,718 shares in the company, valued at $1,801,293.12. This trade represents a 5.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 289,556 shares of company stock worth $4,052,822. 28.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Joby Aviation

A number of hedge funds have recently modified their holdings of the stock. Asset Planning Inc increased its position in Joby Aviation by 70.0% in the third quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock worth $27,000 after buying an additional 700 shares during the last quarter. Strategic Advocates LLC purchased a new stake in Joby Aviation in the 3rd quarter worth about $29,000. Canton Hathaway LLC bought a new stake in Joby Aviation in the 3rd quarter valued at about $29,000. Hilltop National Bank bought a new stake in Joby Aviation in the 3rd quarter valued at about $32,000. Finally, Ancora Advisors LLC purchased a new stake in Joby Aviation during the third quarter valued at about $35,000. Institutional investors own 52.85% of the company’s stock.

About Joby Aviation

Joby Aviation Inc is an aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company’s core mission is to provide zero-emission aerial ridesharing services, combining the speed of helicopters with the cost efficiency and environmental benefits of electric propulsion. Joby’s eVTOL design emphasizes low noise profiles and high reliability, positioning the company to address congestion challenges in major metropolitan areas.

The company’s flagship aircraft is designed to carry a pilot and up to four passengers, offering point-to-point travel at speeds competitive with ground transportation.