Joby Aviation (NYSE:JOBY) Shares Gap Down – Time to Sell?

Posted by Stanley Muller on Aug 11th, 2026

Joby Aviation, Inc. (NYSE:JOBY – Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $8.81, but opened at $8.43. Joby Aviation shares last traded at $8.6950, with a volume of 5,998,067 shares.

Key Headlines Impacting Joby Aviation

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

Positive Sentiment: Defense expansion: Joby agreed to acquire Resonant Sciences for approximately $500 million, adding defense technology capabilities and positioning its electric vertical takeoff and landing (eVTOL) platform for a larger military and government market. Reuters article
Positive Sentiment: Commercial progress: Joby established a Texas hub at Perot Field Fort Worth Alliance Airport to support manufacturing, testing and its planned September eIPP air-taxi flights. The program could provide an important operational test ahead of FAA certification and passenger service. Fort Worth Business article
Neutral Sentiment: Financial update: Recent results included revenue well above expectations and improved year-over-year performance, although Joby still reported a quarterly loss and missed the consensus earnings-per-share estimate. Management also raised guidance, increasing focus on whether commercial and defense initiatives can translate into sustainable revenue. Benzinga article
Negative Sentiment: Execution and valuation concerns: Analysts highlighted Joby’s steep losses, cash consumption, dependence on FAA certification and high valuation. HC Wainwright also reduced its third-quarter EPS estimates, reinforcing concerns that profitability remains distant. Zacks article
Negative Sentiment: Competitive pressure: Archer Aviation’s acquisition of Boeing defense and autonomy assets may give a rival near-term revenue and technology advantages, potentially intensifying competition for defense contracts and investor capital in the eVTOL sector. MarketBeat article

Wall Street Analyst Weigh In

A number of research firms recently weighed in on JOBY. Wall Street Zen downgraded Joby Aviation from a “sell” rating to a “strong sell” rating in a research report on Saturday. HC Wainwright reiterated a “buy” rating on shares of Joby Aviation in a research report on Thursday, August 6th. Susquehanna set a $18.00 price target on shares of Joby Aviation in a research note on Thursday, August 6th. Needham & Company LLC lowered their price objective on shares of Joby Aviation from $18.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, Barclays raised shares of Joby Aviation to a “hold” rating in a research note on Wednesday, July 29th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Joby Aviation presently has an average rating of “Reduce” and an average target price of $13.81.

Check Out Our Latest Research Report on JOBY

Joby Aviation Stock Performance

The business has a fifty day moving average of $8.57 and a 200 day moving average of $9.51. The company has a market cap of $8.28 billion, a P/E ratio of -8.54 and a beta of 2.73. The company has a quick ratio of 22.05, a current ratio of 22.06 and a debt-to-equity ratio of 0.36.

Joby Aviation (NYSE:JOBY – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.02). The company had revenue of $38.64 million during the quarter, compared to the consensus estimate of $30.20 million. Joby Aviation had a negative net margin of 755.11% and a negative return on equity of 58.65%. The business’s revenue was up 257493.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.41) EPS. On average, equities analysts predict that Joby Aviation, Inc. will post -0.92 EPS for the current year.

Insider Transactions at Joby Aviation

In other Joby Aviation news, CEO Joeben Bevirt sold 15,788 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $8.92, for a total value of $140,828.96. Following the completion of the sale, the chief executive officer directly owned 239,671 shares in the company, valued at $2,137,865.32. This trade represents a 6.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Gregory Bowles sold 4,724 shares of Joby Aviation stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $9.10, for a total value of $42,988.40. Following the sale, the insider directly owned 188,936 shares in the company, valued at approximately $1,719,317.60. The trade was a 2.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 1,050,736 shares of company stock worth $11,423,677. 20.35% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Joby Aviation

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its stake in Joby Aviation by 194.5% during the first quarter. Renaissance Technologies LLC now owns 4,005,200 shares of the company’s stock worth $33,083,000 after acquiring an additional 2,645,200 shares in the last quarter. Vanguard Group Inc. raised its holdings in Joby Aviation by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 52,488,707 shares of the company’s stock worth $692,851,000 after buying an additional 2,540,382 shares during the last quarter. Man Group plc bought a new position in shares of Joby Aviation in the third quarter worth approximately $40,283,000. Norges Bank bought a new position in shares of Joby Aviation in the fourth quarter worth approximately $32,269,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Joby Aviation by 80.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,384,180 shares of the company’s stock valued at $44,672,000 after buying an additional 1,512,094 shares during the last quarter. 52.85% of the stock is owned by hedge funds and other institutional investors.

Joby Aviation Company Profile

(Get Free Report)

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.