JOBY · Joby Aviation, Inc. — research history
Complete research history. Every dossier, draft, kill, publish, and lesson the system has produced on JOBY. Public so users can audit, AI can re-reference. Live price refreshes every 60s.
About JOBY · Joby Aviation, Inc.
Joby Aviation, Inc., an air mobility company, engages in research, develop, test, manufacture, and sale of electric vertical takeoff and landing aircraft in the United States, Japan, Europe, and internationally. The company offers facilitation of passenger transportation via helicopter or fixed wing aircraft. It is also involved in the provision of government flight services, customer demonstration, and engineering services; and exhibition activities. Joby Aviation, Inc. was founded in 2009 and is headquartered in Santa Cruz, California.
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SELL (score -6) · 12-1 mom 17.8% · RSI 45.4 · below_both · -53.2% from high
Targets blend Wall Street consensus (9 analysts: low $6.00 / mean $11.12 / high $18.00) with chart-derived floors and ceilings.
1-Year Chart · RSI · MACD
Research Timeline
Newest first. Each entry shows what stage produced it, the verdict/decision, and the reasoning.
After deep-reading all 10 recent Form 4 filings triggered by the cluster, nearly every transaction is RSU vesting (M-code conversions) paired with sell-to-cover for taxes — NOT open-market purchases. The CFO's June 4 sale ($886K at $11.30) was a tax withholding settlement; director Thompson and director Saluja each converted ~19K RSUs vestings; the CPO sold via pre-existing 10b5-1 plan above current prices. There are zero open-market buys (P-code). JOBY is a pre-revenue eVTOL developer burning ~$380M FCF annually against $2.47B cash, down 54% from its 52-week high of $20.95. The stock has no P/E and trades at EV/Rev of 100x. Near-term catalysts exist (Dubai launch 2026, Q1 beat +41% surprise, Aug 5 earnings), but the company lacks a defensible mispricing thesis — it is correctly pricing in deep uncertainty about certification timeline, capital burn, and unproven revenue model.
Hard anti-signals (dilution overhang, litigation, customer concentration) and zero insider conviction combine with deeply negative profitability to invalidate a directional thesis. While IV is elevated for income structures, the fundamental risk profile and lack of asymmetric upside justify a skip.
Joby is a pre-revenue eVTOL air taxi company that has begun generating early revenue ($30.8M Q4 2025) via the acquired Blade charter business. The stock is near its 52-week high at $11.97 (year-high $20.95; down ~43% from peak). Q1 2026 EPS beat consensus by +41%. FAA eVTOL Integration Pilot Program demonstrations over New York City and nine newly approved states represent genuine regulatory catalysts. However, the investigation found that ALL 25 recent Form 4 filings are S-transactions (sales) under pre-established 10b5-1 plans — no open-market purchases (P-code) by any officer or director in the past six months. The stock is deeply unprofitable with negative margins and an absurd EV/Revenue of ~129x, fully pricing in years of future growth. IV is elevated at ~83-89% ATM, creating premium for income strategies but not enough mispricing to support a directional long thesis.
{"symbol":"JOBY","company":"Joby Aviation, Inc.","investigation_summary":"Joby is a pre-commercial eVTOL air taxi company with no meaningful revenue, deeply loss-making (-$0.12 EPS in Q1 2026), and burning ~$144M/quarter in operating cash flow. The stock has declined ~45% from its October 2025 highs near $19.60 to ~$11.30 as investor patience wears thin on FAA certification timeline uncertainty. A