Shares of Joby Aviation (JOBY -9.38%) were soaring last month as optimism grew for the electric vertical takeoff and landing (eVOTL) industry.
Joby Aviation (JOBY -11.06%) stock is falling in Monday's trading. The flying electric vehicle company's share price was down 10.2% as of 1 p.m.
The Joby Aviation stock price has bounced back and surged to a high of $7.30, its highest level since July 14. It has jumped by almost 60% from its lowest level this year, giving it a market cap of over $5.
Flying taxis could come to a city near you in the next few years, and Joby Aviation is one company leading the charge.
Is Joby poised to be the early winner in the flying taxi market? One high-profile financial firm thinks so.
Technology has made a once-inconceivable idea a commercial reality
Those who believed that this innovative company would skyrocket into the stratosphere have been sorely disappointed so far.
Joby Aviation, Inc. (JOBY) Q3 2024 Earnings Call Transcript
Joby Aviation, Inc. (JOBY) came out with a quarterly loss of $0.21 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to loss of $0.13 per share a year ago.
Joby Aviation (NYSE: JOBY) and Toyota Motor (NYSE: TM) have completed Joby's first international exhibition flight, which took place at Toyota's Technical Center in Japan. This event highlighted the low noise and emissions-free operation of Joby's aircraft, celebrating nearly seven years of collaboration with Toyota, which has contributed its automotive manufacturing expertise.
Could this unloved electric aviation stock finally take off?