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

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

What next for the Joby Aviation stock price after recent surge?

by admin June 9, 2025
June 9, 2025
What next for the Joby Aviation stock price after recent surge?

Joby Aviation stock price has been in the spotlight in the past few days after it raised money from Toyota. It also jumped on Friday after the Trump administration announced measures to unleash the drone dominance, including in the eVTOL space.  

JOBY was trading at $8.12 on Friday, up by 63% from its lowest point this year. Similarly, Archer Aviation (ACHR) stock jumped to $10.20, up by 9.95% from its lowest point this year.

Why Joby Aviation stock price has risen

Joby Aviation share price rose this month after Toyota, one of the top manufacturers, released $250 million to the company. These funds were part of the previously announced $500 million investment last year.

Joby Aviation hopes to use the funds to fund its obligations, including manufacturing, certification, and other administrative purposes. It also aims to boost its balance sheet, which ended the last quarter with over $812 million in cash and equivalents. 

Joby has achieved a lot in the past few years, including on certifications. It has completed most of the certifications and is remaining with the fourth and fifth stages, which include testing and analysis, and show & verify. Joby hopes that it will receive full certification later this year. 

The stock also jumped after the White House released a statement in support the industry, noting that: 

“The time has come to accelerate testing and to enable routine drone operations, scale up domestic production, and expand the export of trusted, American-manufactured drone technologies to global markets.”

This statement means that the administration will work to speed the approval process for products by Joby Aviation and other companies in the industry. 

However, the real impact of the executive order on the business will largely be muted. 

Joby is a high-risk and high-reward investment

The reality with Joby Aviation and other eVTOL companies is that they are high-risk and high-reward firms. 

They are high-risk companies because the industry is new and their business models has not been tested before. As such, while the estimate is that the eVTOL industry will grow from $0.51 billion in 2024 to $1.75 billion, these numbers are based on assumptions since it is a new industry. 

Also, it is still unclear whether Joby Aviation’s business model will work out well in the long term. Joby aims to be an operator of air taxis and a seller of its eVTOL to customers. It has already reached deals with Delta Air Lines for this approach.

Therefore, as a high-risk and high-reward company, its stock price will surge if the business thrives and crash if the business struggles. 

One positive is that only a handful of companies are building eVTOLs in the US, meaning that Joby and Archer Aviation may become duopolies in the future. 

Joby Aviation stock price analysis

JOBY chart by TradingView

The daily chart shows that the JOBY share price was trading at $8.12 on Friday, up from the support at $7.66, its highest point in July last year. It has formed a golden cross pattern as the 50-day and 200-day moving averages crossed each other. 

Joby has moved above the strong pivot reverse point at $7.8. It has also formed an inverse head and shoulders pattern, a popular continuation pattern.

Therefore, the stock will likely continue rising as bulls target the overshoot point at $10.15, up by 26% from the current level. A move below the support at $7 will invalidate the bullish view.

The post What next for the Joby Aviation stock price after recent surge? appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
US, China to resume trade talks in London as rare-earth, tech tensions persist: the story so far
next post
Lloyds share price forecast: here’s why LLOY may surge soon

Related Posts

China’s economy grows at targeted 5% in 2024,...

January 17, 2025

Asian FX rally? Poll reveals growing bullishness driven...

May 1, 2025

Is full self-driving real or just hype? Promise,...

June 9, 2025

ServiceTitan stock soars 40% on Nasdaq debut

December 13, 2024

Soho House at 30: Can the nearly £3,000-a-year...

October 19, 2024

Nvidia shares continue golden run, hit fresh highs:...

June 28, 2025

Nebius stock slowly forms a double bottom: will...

April 10, 2025

Pixar is laying off 14% of its workforce...

May 23, 2024

Can Google keep Chrome? DOJ pushes for browser...

November 21, 2024

Meta to pay $25 million to Trump to...

January 30, 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

    • Talen Energy surges 25% to ATH after strategic natural gas power plant acquisition

      July 20, 2025
    • US visa bans on Brazilian judges spark diplomatic rift, cloud economic ties

      July 20, 2025
    • Trump sues Murdoch and News Corp over Wall Street Journal’s Epstein report

      July 20, 2025
    • The new global demographic challenge: not too many, but too few

      July 20, 2025
    • Kraft Heinz plans breakup, weighs $20 billion grocery spin-off: report

      July 13, 2025

    Categories

    • Business (3,434)
    • Investing (2,634)
    • Latest News (2,021)
    • 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