American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

Joby Aviation stock price forecast: buy the dip or sell the rip?

by admin February 11, 2025
February 11, 2025
Joby Aviation stock price forecast: buy the dip or sell the rip?

Joby Aviation stock price has remained in a deep bear market, falling by over 20% from its highest level this year. It crashed to a low of $7.8 on Tuesday and is hovering near its lowest level since December 24. So, is Joby a good buy ahead of its earnings on Friday?

Joby Aviation stock price analysis

The weekly chart shows that the JOBY share price has pulled back in the past few weeks. It peaked at $10.70 and then retreated to the current $8, a notable factor since this price was the highest swing in July last year. This makes it a break-and-retest chart pattern.

The stock has formed a bullish pennant pattern, a popular continuation sign. This pattern comprises of a vertical line and a symmetrical triangle, and often leads to a strong rebound.

Joby Aviation stock has moved above the 25-week Exponential Moving Average (EMA) and the ascending trendline that connects the lowest swings since January 2023. It has moved slightly below the 38.2% Fibonacci Retracement point.

Therefore, the stock will likely bounce back as bulls target the YTD high of $10.70, which is about 36% above the current level. A break above that level will point to more gains, possibly to a high of $12, its highest swing in June 2023.

However, a drop below the support at $7.20, the 25-week moving average will point to more downside, with the next point to watch being at $5, coinciding with the ascending trendline.

JOBY chart by TradingView

Potential catalysts for Joby Aviation

Joby Aviation stock has numerous catalysts that may push it higher in the coming months. The company has made a lot of progress on its development, meaning that it will start its commercialization later this year. That will cap a long period of development for its electric aircraft, where it has received numerous key FAA approvals.

Joby Aviation has also inked customer deals with some of the biggest players in the industry. For example, it has a relationship with the Department of Defense (DoD), which has made some initial orders. Other top customers are the United Arab Emirates (UAE), Mukamalah Aviation, and Delta. 

The company has also raised capital, meaning that dilution will likely be avoided in the near term. It received a $500 million funding from Toyota in 2024, bringing its total cash on its balance sheet to $1.4 billion. Toyota has now invested over $760 million in Joby, an investment that mirror’s Stellantis’ funding of Archer Aviation.

Therefore, the upcoming financial results will provide more color about its business and the progress it has made. 

Still, Joby Aviation and other eVTOL companies have several risks ahead. The first one is that this is a novel industry that has not been tried before, meaning that the current projections are mostly hypothetical. 

Further, the company will take longer to break even. We have seen this in the electric vehicle industry where companies like Rivian and Lucid take a long time to break even. This means that future dilution is a risk since the company is still losing millions each quarter. It had a net loss of over $120 million in the third quarter.

The post Joby Aviation stock price forecast: buy the dip or sell the rip? appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Bitcoin price prediction: $100K breakout or $92K pullback?
next post
Kering stock surges 5% despite Gucci’s slow sales: here’s why

Related Posts

Energy Fuels (UUUU) stock is booming: time to...

October 17, 2024

Volvo’s December sales dip, while electric vehicle demand...

January 7, 2025

Gold jumps to record above $2,460 an ounce...

July 18, 2024

How Jeju Island’s NFT travel cards are redefining...

January 6, 2025

Inside candy major Ferrero’s plan to woo US...

May 10, 2025

Abortion bans drive away up to half of...

May 9, 2024

Amazon’s Zoox under investigation by NHTSA after two...

May 15, 2024

Shopify stock price analysis: buy, hold, or sell...

May 8, 2025

It wasn’t the endless shrimp that pinched Red...

May 26, 2024

Altcoin update: HBAR and Worldcoin turn bullish as...

January 7, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • GMS stock jumps 29% on takeover interest from Home Depot, QXO, analysts raise PTs

      June 22, 2025
    • Japan’s rice price surge: what’s driving it and why it could spark a political crisis

      June 22, 2025
    • BofA raises STOXX 600 target amid resilient global growth, warns on Mideast risks

      June 22, 2025
    • Palantir co-founder: US must prevent Iranian nukes

      June 22, 2025
    • Fed governor Waller advocates for July rate cut amid tariff, labor market outlook

      June 21, 2025

    Categories

    • Business (3,199)
    • Investing (2,531)
    • Latest News (2,000)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved