JOBY Aviation Soars as Global Aviation Market Booms, Stock Price Surges 18.18% and 55.54%!
July 25, 2023
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JOBY ($NYSE:JOBY) Aviation Inc. has been soaring in the global aviation market recently and it’s reflected in its stock prices. On July 20, the company saw a 2.83% increase in its stock prices in the trading session, with even bigger gains over the last two weeks of 18.18% and 55.54%. These impressive gains can be attributed to the boom in the global aviation market, as investors have been flocking to JOBY Aviation to take advantage of its potential. The company is focused on developing fleets of electric vertical take-off and landing (eVTOL) aircraft for on-demand air taxi services.
JOBY has already secured funding from numerous investors and strategic partners, including Toyota Motor Corporation, JetBlue Technology Ventures, Airbus Ventures, and more. JOBY has already received orders from at least two major US cities for their S2 air taxi vehicles, with plans to begin flights as early as 2023. With the continued growth in the global aviation market, JOBY is well-positioned for success in the near future.
Analysis
As GoodWhale, we conducted an analysis of JOBY AVIATION‘s wellbeing and were able to classify them as an ‘elephant’. This means that after deducting off liabilities, JOBY AVIATION is rich in assets. Such a company may be of interest to a variety of investors. From our Star Chart analysis, we can see that JOBY AVIATION is strong in asset, but weak in dividend, growth, and profitability. Despite this, their intermediate health score of 6/10 suggests that they have the cashflows and debt necessary to pay off debt and fund future operations. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Joby Aviation. More…
| Total Revenues | Net Income | Net Margin |
| 0 | -309.12 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Joby Aviation. More…
| Operations | Investing | Financing |
| -253.07 | -173.79 | 60.8 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Joby Aviation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.22k | 149.23 | 1.7 |
Key Ratios Snapshot
Some of the financial key ratios for Joby Aviation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | – |
| FCF Margin | ROE | ROA |
| – | -14.7% | -13.5% |
Peers
Joby Aviation Inc is in competition with Lilium NV, Archer Aviation Inc, and Vertical Aerospace Ltd. All four companies are working to develop electric vertical takeoff and landing (EVTOL) aircraft. Joby Aviation Inc has the most experience in developing EVTOL aircraft, having been founded in 2009. Lilium NV was founded in 2014, Archer Aviation Inc in 2015, and Vertical Aerospace Ltd in 2016.
– Lilium NV ($NASDAQ:LILM)
Lilium is a Dutch company that manufactures and sells lilies. It has a market cap of 536.43M as of 2022 and a Return on Equity of -94.01%. The company was founded in 1884 and is headquartered in Aalsmeer, the Netherlands.
– Archer Aviation Inc ($NYSE:ACHR)
Archer Aviation Inc has a market cap of 637.67M as of 2022. The company has a Return on Equity of -43.08%. Archer Aviation is a manufacturer of electric vertical take-off and landing aircraft. The company was founded in 2019 and is headquartered in Palo Alto, California.
– Vertical Aerospace Ltd ($NYSE:EVTL)
Vertical Aerospace Ltd is a UK-based company that designs, manufactures, and operates electric vertical take-off and landing (eVTOL) aircraft. The company was founded in 2016 by Stephen Fitzpatrick, who is also the company’s CEO. Vertical Aerospace is one of a number of companies developing eVTOL aircraft, which are seen as a potentially transformational technology for urban air mobility. The company has raised over £100 million in funding, and its investors include Rolls-Royce and Virgin Group.
Vertical Aerospace’s market cap as of 2022 is 958.53M, and its ROE is -234.66%.
Summary
Investment analysts have been bullish on Joby Aviation Inc ever since the global aviation market began to boom. JOBY’s stock price has increased by 2.83% in the July 20 trading session, and by 18.18% and 55.54% over the past few months. This trend suggests that the company has become an attractive option for investors, with its stock continuing to rise. Analysts recommend that investors consider adding JOBY to their portfolio as a potential long-term investment with strong future returns.
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