Key Points
Joby Aviation, Inc. (JOBY) slipped in today’s session, moving from a previous close of $14.43 to $13.66. The stock finished the day down 5.37%, declining $0.77. That pullback comes after a strong multi-month advance that had pushed shares into the mid-teens, where sellers have recently been more active.
Trading took place on below-average volume, suggesting participation was lighter than typical during the downturn. Technically, the stock remains 35% below its 52-week high of $20.95, leaving JOBY in a broader consolidation beneath that prior peak. Traders are watching the $14 zone as near-term resistance after the breakdown, with potential support emerging in the low-$13s should weakness persist. The inability to hold above the mid-teens has shifted near-term momentum toward a more defensive posture.
In recent sessions, price action has featured sharp swings as investors reassess growth expectations and risk appetite within Industrials and the Transportation industry. With sentiment mixed and momentum fading from earlier gains, JOBY has tracked a choppier path, consistent with a market refocusing on valuation discipline. Sector peers have also struggled to generate sustained uptrends, reinforcing a cautious tone across transportation-related names. Against that backdrop, the day’s slide reflects both company-specific re-rating pressures and a market that is increasingly sensitive to execution timelines and capital needs in emerging aviation technologies.
Why Joby Aviation, Inc. Price is Moving
At $13.66, Joby Aviation, Inc. carries a market capitalization of $13.16 billion. The company’s trailing twelve-month EPS is -$1.33, aligning with a negative P/E backdrop. Shares sit well below the 52-week high of $20.95 and within a 52-week range that extends from $4.96 to $20.95. Trading volume today skewed below average, amplifying the price move’s signal from headlines and sentiment rather than heavy institutional rotation.
The immediate catalyst for the 5%+ decline was Goldman Sachs initiating coverage with a Sell rating and a $10 price target, implying roughly 29% downside from recent levels. That bearish call arrived shortly after an underwritten public offering in which Joby sold 30.5 million shares at $16.85, an 11% discount to the prior close, raising $513.9 million. The offering highlighted dilution concerns and underscored the company’s ongoing capital requirements as it scales operations. Goldman’s thesis focused on valuation pressure amid operational uncertainties, including opaque payload specifics, non-linear certification risk, competitive dynamics across eVTOL, and the timeline needed to reach full-scale manufacturing.
Investors also weighed fundamentals. While reported revenue in the latest quarter (09/30/2025) rose to $22.57 million from $15,000 in the prior quarter (06/30/2025), a massive sequential increase, JOBY remains loss-making with a negative EPS and a negative P/E, placing greater scrutiny on the durability and quality of that revenue. After a 78%+ year-to-date rally into the downgrade, profit-taking and a reset of elevated expectations added to the selling pressure.
What is the Joby Aviation, Inc. Rating - Should I Sell or Buy?
Weiss Ratings assigns JOBY a D rating. Current recommendation is Sell.
The rating is built on five indices: the Weak Growth Index points to uneven operational expansion despite headline figures such as 80,521.43% revenue growth from a very small base. The Very Weak Efficiency Index reflects extremely poor profitability, consistent with a -4,657.22% profit margin and a -10.88 P/E ratio that underscores continuing losses. The Excellent Solvency Index signals a strong balance-sheet position that supports ongoing development and capital needs. The Fair Total Return Index indicates middling risk-adjusted performance relative to benchmarks. The Weak Volatility Index highlights elevated price swings that increase downside risk for shareholders.
Relative to sector peers, JOBY’s D rating is broadly in line with a cautious stance across Transportation within Industrials. United Parcel Service (UPS) holds a D+, while U-Haul Holding Company (UHAL) sits at D and American Airlines (AAL) at D+. This peer set underscores how mixed returns and higher risk profiles are common across the group, even as business models and capital structures differ materially.
Given this index mix, the D rating reflects a risk/reward profile tilted toward caution. Strong solvency is a clear positive, but it is not sufficient to offset very weak efficiency, negative earnings, and volatility pressures. Even with notable revenue growth spurts, the quality, consistency, and profitability of that growth remain in question. Until efficiency and earnings metrics improve enough to complement balance-sheet strength, the overall assessment remains Weak in the Weiss Ratings framework.
About Joby Aviation, Inc.
Joby Aviation, Inc. is an aerospace company in the Industrials sector operating within the Transportation industry. The company is developing electric vertical take-off and landing (eVTOL) aircraft intended for short-range passenger service. Its mission centers on providing fast, quiet, and emissions-free air transportation designed to alleviate urban congestion and connect communities more efficiently than legacy ground-based options. Joby’s work spans aircraft design, certification, manufacturing, and the operational ecosystem required to deliver point-to-point aerial mobility.
The company’s primary product is a piloted eVTOL aircraft optimized for urban air taxi operations. It incorporates distributed electric propulsion, advanced flight controls, and lightweight materials to achieve high efficiency with low acoustic signatures. The aircraft is designed to carry multiple passengers along city, suburban, and regional routes with vertical takeoff and landing capability enabling use from compact sites. Joby’s development scope also encompasses charging infrastructure interfaces, fleet management and operations software, and maintenance procedures tailored to electric propulsion systems, reflecting a platform approach to commercial service.
Joby’s market position benefits from an early-mover focus on safety, certification readiness, and integrated manufacturing. The company’s strategy emphasizes rigorous testing, close alignment with aviation regulators, and building a scalable production system to support reliable service entry. Competitive differentiation centers on proprietary eVTOL design, quiet flight characteristics suited to urban deployment, and an end-to-end operating model that aims to unify aircraft, software, and ground infrastructure. As the Transportation industry evolves toward electrified aviation, Joby’s approach targets durability, repeatable operations, and customer experience as core pillars.
Investor Outlook
With a Weiss D rating and Sell recommendation, investors should monitor whether JOBY holds support in the low-$13s and how sentiment evolves around the $10 price target set by new coverage. Watch efficiency and profitability trends versus solvency strength, as improvement there would matter most for the Weiss indices. See full rankings of all D-rated Industrials stocks inside the Weiss Stock Screener.