Joby Aviation (NYSE:JOBY) Share Price Crosses Above Fifty Day Moving Average After Analyst Downgrade

Shares of Joby Aviation, Inc. (NYSE:JOBY) passed above its 50-day moving average during trading on Friday after Canaccord Genuity Group upgraded the stock from a hold rating to a buy rating. The stock has a 50-day moving average of $5.73 and traded as high as $5.94. Canaccord Genuity Group now has a $7.00 price target on the stock, down from their previous price target of $11.50. Joby Aviation shares last traded at $5.9350, with a volume of 32,597,603 shares changing hands.

JOBY has been the subject of several other reports. HC Wainwright reaffirmed a “buy” rating and set a $18.00 price target on shares of Joby Aviation in a report on Monday, September 21st. Morgan Stanley reduced their price objective on shares of Joby Aviation from $13.00 to $10.00 and set an “equal weight” rating for the company in a research report on Friday, October 16th. Barclays assumed coverage on Joby Aviation in a report on Friday, October 9th. They issued an “underweight” rating and a $4.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Joby Aviation in a research note on Monday, October 12th. Finally, Wall Street Zen downgraded shares of Joby Aviation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 8th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Joby Aviation presently has an average rating of “Reduce” and a consensus target price of $11.33.

Insider Activity

In other news, CEO JoeBen Bevirt sold 606,667 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $6.19, for a total value of $3,755,268.73. Following the transaction, the chief executive officer owned 57,207,377 shares in the company, valued at approximately $354,113,663.63. This represents a 1.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bonny Simi sold 10,890 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $5.95, for a total value of $64,795.50. Following the completion of the sale, the insider owned 241,923 shares of the company’s stock, valued at approximately $1,439,441.85. This represents a 4.31% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 1,017,628 shares of company stock worth $6,340,090 over the last three months. Company insiders own 20.35% of the company’s stock.

Key Stories Impacting Joby Aviation

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

• Positive Sentiment: Joby reported third-quarter revenue of about $55.1 million, well above analyst estimates, and a loss of $0.22 per share that was narrower than expected. The company also raised its 2026 revenue outlook to $135 million–$140 million. Article: Why Joby Aviation Stock Flew Higher Today
• Positive Sentiment: The company said its aircraft has reached the FAA’s fifth and final certification stage, with “for credit” testing underway, and is targeting type inspection authorization in the first half of 2027. That progress supports hopes of eventual commercial operations, though certification is not yet complete. Article: Joby Advances Certification Testing, Builds Fleet For Early Operations
• Positive Sentiment: Joby cited a 37% increase in manufacturing output, a record quarter for its Blade passenger business and additional Air Force support. The Air Force partnership’s committed spending is nearing $37 million, adding a defense-related revenue opportunity alongside its air-taxi plans. Article: Joby’s Caravan Crosses US With Zero Pilot Inputs; Air Force Contract Nears $37M
• Neutral Sentiment: Analyst views were mixed but generally remained constructive: Canaccord upgraded the shares to Buy while lowering its price target, and Needham retained a Buy rating while also cutting its target. Analyst rating information
• Negative Sentiment: Joby still posted a net loss of about $212 million for the quarter, highlighting substantial ongoing cash burn. Its roughly $2.2 billion in cash and short-term investments provides a significant runway, but investors remain focused on whether the company can complete certification and scale operations before funding needs become a greater concern. Article: Joby Aviation Stock Price Rises After Q3 Results Spotlight Cash Burn

Hedge Funds Weigh In On Joby Aviation

Hedge funds have recently added to or reduced their stakes in the business. Strs Ohio raised its stake in shares of Joby Aviation by 2.5% during the first quarter. Strs Ohio now owns 50,000 shares of the company’s stock valued at $413,000 after purchasing an additional 1,200 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Joby Aviation by 11.1% in the first quarter. PNC Financial Services Group Inc. now owns 15,304 shares of the company’s stock worth $126,000 after acquiring an additional 1,532 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Joby Aviation by 14.9% in the first quarter. International Assets Investment Management LLC now owns 16,566 shares of the company’s stock worth $137,000 after buying an additional 2,150 shares during the last quarter. D.A. Davidson & CO. grew its holdings in Joby Aviation by 3.2% during the third quarter. D.A. Davidson & CO. now owns 72,907 shares of the company’s stock valued at $441,000 after purchasing an additional 2,275 shares during the last quarter. Finally, Lido Advisors LLC boosted its position in shares of Joby Aviation by 20.1% in the third quarter. Lido Advisors LLC now owns 14,685 shares of the company’s stock valued at $89,000 after acquiring an additional 2,457 shares during the period. Institutional investors and hedge funds own 52.85% of the company’s stock.

Joby Aviation Price Performance

The company has a current ratio of 17.98, a quick ratio of 17.98 and a debt-to-equity ratio of 0.40. The company has a fifty day moving average price of $5.73 and a two-hundred day moving average price of $8.44. The company has a market cap of $5.87 billion, a price-to-earnings ratio of -8.13 and a beta of 2.84.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings results on Wednesday, November 4th. The company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.03. The firm had revenue of $55.09 million during the quarter, compared to analysts’ expectations of $38.95 million. Joby Aviation had a negative net margin of 755.11% and a negative return on equity of 55.29%. The company’s revenue for the quarter was up 143.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.48) earnings per share. As a group, equities research analysts anticipate that Joby Aviation, Inc. will post -1.00 EPS for the current fiscal year.

About Joby Aviation

Joby Aviation, Inc is an aerospace company developing all-electric vertical takeoff and landing (eVTOL) aircraft for commercial passenger transportation. Its aircraft are designed to take off and land vertically like a helicopter while operating with the range and speed of a conventional aircraft, supporting quiet, low-emission air taxi services and other urban and regional transportation applications.

Founded in 2009 by JoeBen Bevirt, Joby is pursuing the certification, production and commercial deployment of its piloted aircraft.