JOBY trade ideas
$JOBY: Strategic Entry into the eVTOL MarketI spend time researching and finding the best entries and setups, so make sure to boost and follow for more.
Joby Aviation, Inc. ( NYSE:JOBY ): Strategic Entry into the eVTOL Market
Trade Setup:
- Entry Price: $6.91
- Stop-Loss: $3.61
- Take-Profit Targets:
- TP1: $12.76
- TP2: $21.08
Company Overview:
Joby Aviation, Inc. is a leading player in the emerging electric vertical takeoff and landing (eVTOL) aircraft industry. The company focuses on developing zero-emission aircraft to revolutionize urban air mobility. With substantial investments in technology and partnerships, Joby aims to launch commercial operations by 2025.
Earnings Reports:
- In Q3 2024, NYSE:JOBY reported a net loss of **$476.86 million**, as expected for a pre-revenue company heavily investing in research and development.
- Total cash reserves stand at **$1.1 billion**, ensuring sufficient runway for operational and developmental goals.
Valuation Metrics:
- Market Cap: **$6.54 billion**.
- Given its pre-revenue status, traditional valuation metrics like P/E or P/B are not applicable. Instead, the company is valued on its growth potential in the emerging eVTOL market.
Dividends:
- NYSE:JOBY does not pay dividends, prioritizing reinvestment into its development and expansion plans.
Market News:
- Recent announcements include plans to raise **$300 million** through equity sales, strengthening financial resources ahead of the anticipated commercial launch.
- Joby also received its first production airworthiness certificate, a critical milestone toward FAA certification.
Analyst Ratings:
- Analyst consensus: **Moderate Buy**.
- Average price target: **$8.35**, reflecting mixed sentiment due to the stock’s volatility and developmental stage.
Risk/Reward Analysis:
With a stop-loss at **$3.61**, the downside risk is approximately **47.75%**, while the upside potential to TP1 ($12.76) offers a reward of **84.66%**. TP2 at **$21.08** provides an extended reward potential of over **200%**. This setup appeals to long-term investors with high-risk tolerance.
Conclusion:
Joby Aviation represents a compelling opportunity for growth investors looking to capitalize on the eVTOL market's potential. While the stock's volatility and pre-revenue status introduce risk, its significant milestones and industry positioning make it a high-reward prospect.
When the Market’s Call, We Stand Tall. Bull or Bear, Just Ride the Wave!
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.
Joby Aviation going for a 80% dump?Following the successful “short” of eVTOL manufacturer Lilium (idea below - read for deep dive), we’re now going to target another. This time, Joby Aviation.
The principles behind this idea are the same as was with Lilium, mixture of fundamentals and technical analysis.
A lot of the criticism from my own quarter comes from the promises that certification is just around the corner. It has been 11 years now, and still no certification.
Don’t listen to what the say.
Pay attention to what they do.
As the money runs out the business now looks to collect $200 million from investors:
“Joby Aviation Stock Drops After Pricing Public Offering of 40M Shares”
source:
www.businesswire.com
The chart -
On the above 2 week chart price action has been printing lower highs for the last year. Since then there is broken market structure with uptrend channel support failure.
The uptrend flag continuation pattern projects a 80% correction. On confirmation, such flag patterns meet the target 77% of the time. This would take price action to the 1.60 area.
On RSI, a breakout of support is also visible.
Is it possible price action grows? Sure.
Is it probable? No.
Ww
Go short from current price action.
Lilium short
In TOYOTA We Trust..!In this latest edition of the rankings, Lexus and Toyota ranked first and second, respectively, as Consumer Reports' most reliable car brands.
But should we trust them in early detection of companies with new technologies?
their history with TSLA could be a good example!
A 7-Year Collaboration with Joby:
Toyota has invested nearly $900 million in Joby, an electric vertical takeoff and landing (eVTOL) company that develops air taxis:
Investment: Toyota's latest $500 million investment will support Joby's certification and commercial production of its air taxis. The investment will be made in two tranches, with the first closing later this year and the second in 2025.
Collaboration: Toyota and Joby have been collaborating for nearly seven years. Toyota engineers work with Joby's team in California, and Toyota supplies powertrain and actuation components for Joby's aircraft.
#Skin_In _The_Game
Clear for a breakout positioned favorably in bullish sentiment Look at the stochastic level of the buying area. In the last three sessions, we had a catalyst that performed well for the stock in a time of extreme volatility. The indicators have positioned themselves and now move towards an imminent breakout. We will continue to watch for any sell-off and monitor the price action in the upcoming session/sessions.
Joby Aviation Surges Over 24% After Major Toyota InvestmentJoby Aviation (NYSE: NYSE:JOBY ) saw its stock soar by over 24% to $5.99 after a significant announcement that Toyota will invest an additional $500 million into the electric air taxi company. This brings Toyota’s total investment in Joby (NYSE: NYSE:JOBY ) to $894 million, underscoring the automaker’s commitment to the future of urban air transportation.
Toyota’s Investment and Strategic Partnership
Toyota’s new investment is not just a financial endorsement but also a strategic partnership aimed at advancing the certification and commercial production of Joby's electric vertical takeoff and landing (eVTOL) aircraft. The investment will come in two equal installments, the first to be completed in 2024 and the second in 2025, further cementing the relationship between the two companies.
Toyota has been involved with Joby (NYSE: NYSE:JOBY ) for almost seven years, providing technical expertise, components, and manufacturing support for the company’s air taxis. Toyota’s engineers are embedded with Joby’s team in California, working closely on the development of these groundbreaking aircraft. This partnership goes beyond just capital infusion, as Toyota also signed a long-term agreement to supply key powertrain and other critical components for Joby’s aircraft.
Other automakers are also eyeing the electric air taxi space, signaling a broader interest in sustainable urban transportation solutions. For instance, Stellantis recently invested $55 million in Archer Aviation, while Delta Airlines has a $60 million stake in Joby, aiming to offer air taxi services for passengers traveling to and from major airports in cities like New York and Los Angeles.
With this backing, Joby Aviation is positioning itself as a leader in the electric air taxi market, which aims to reduce urban traffic congestion and lower carbon emissions. The company has already rolled out its third aircraft from its pilot production line and is expanding its manufacturing capabilities. Joby is targeting a commercial deployment of its air taxis in the next few years.
Technical Aspect: Bullish Momentum
From a technical perspective, Joby’s stock has been in a downtrend since August 2024 but showed a strong reversal with today’s surge. As of this writing, the stock is up over 25%, with a Relative Strength Index (RSI) of 66.19, indicating bullish momentum. The stock has now broken above key moving averages, a positive sign for traders and investors looking at technical patterns.
If the bullish trend continues, NYSE:JOBY could aim to revisit its July highs, as today’s price action suggests a potential shift in the overall market sentiment for the stock. The recent investment news provides a strong fundamental backdrop, and if Joby continues to demonstrate progress in its production and certification milestones, the stock could see sustained upside.
With Toyota’s deepening involvement and the broader market’s growing interest in sustainable air travel, Joby Aviation is positioned to become a major player in the electric aviation space. Investors should keep an eye on upcoming developments, particularly Joby’s progress in certification and commercial production, which could serve as major catalysts for the stock.
Conclusion
Joby Aviation’s (NYSE: NYSE:JOBY ) recent surge in stock price, buoyed by Toyota’s additional $500 million investment, is a positive signal for both the company’s future and its investors. The strong technical performance, with the stock trading above key moving averages and a bullish RSI, suggests that NYSE:JOBY may have broken out of its recent downtrend. Coupled with a strong fundamental outlook, including strategic partnerships with Toyota and Delta Airlines, the company is well-positioned to revolutionize urban air transportation. Keep an eye on this stock as it could be poised for more gains, especially as the market for eVTOL technology heats up.
JOBY | Vertical Take Off EVs | LONGJoby Aviation, Inc. is a transportation company, which engages in developing an all-electric, vertical take-off and landing aircraft that intends to operate as a commercial passenger aircraft. The company was founded by Bevirt Joebenn in 2009 and is headquartered in Santa Cruz, CA.
JOBY - Electric Air Taxi EcosystemJoby Aviation, Inc. is a transportation company, which engages in developing an all-electric, vertical take-off and landing aircraft that intends to operate as a commercial passenger aircraft. The company was founded by Bevirt Joebenn in 2009 and is headquartered in Santa Cruz, CA.
Investment Overview (As of April 27, 2024)
Short Interest:
Short Float: 19.62%
Market Activity:
Recent trading includes significant block buys, highlighting a surge in trading volume and investor interest.
Latest Developments (Dated April 25, 2024):
Joby has inked a multilateral agreement with three Abu Dhabi government departments to foster the development of its air taxi service in Abu Dhabi and potentially other Emirates.
The partnership encompasses training, infrastructure development, flight operations, and establishing a manufacturing base in Abu Dhabi.
This strategic collaboration paves the way for intra- and inter-emirate air taxi services, enhancing connectivity and transport efficiency.
Upcoming Events:
Earnings Report due on May 7, 2024.
Key Technical Levels:
Current support breakthrough at $5.50 is critical for continued upward movement.
Resistance levels to watch: $6.40, $7.20, and $7.60, with these points being opportune for partial profit-taking.
Trading Strategy:
Take Profit (TP): Set a profit target of approximately $9.00 to realize earnings.
Stop Loss (SL): Place a stop loss order below $5.00 to mitigate substantial losses.
Chart Analysis:
For detailed insights into price actions and trends, refer to the attached chart.
Risk Advisory:
Investing in the market carries substantial risks. It's essential to assess market conditions and your personal risk tolerance. Engage in diligent research or seek advice from a financial advisor before initiating any trades.
JOBY Aviation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of JOBY Aviation prior to the earnings report this week,
I would consider purchasing the 7usd strike price Calls with
an expiration date of 2024-4-19,
for a premium of approximately $0.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Joby Aviation Set to Launch An Air-Taxi Service in Dubai By 2026Joby Aviation ( NYSE:JOBY ), a pioneering air-taxi company based in California, has unveiled plans to launch regular air-taxi services in Dubai by 2026. This ambitious endeavor marks a significant leap forward in the evolution of urban mobility, positioning the United Arab Emirates (UAE) at the forefront of cutting-edge transportation technology.
The agreement between Joby Aviation ( NYSE:JOBY ) and the Dubai government represents a historic partnership aimed at revolutionizing the way people move within cities. With operations set to commence as early as next year, Joby ( NYSE:JOBY ) is poised to establish the world's first regularly operating air-taxi service, heralding a new era of aerial transportation.
Joby's remarkable journey towards this milestone has been characterized by a series of pivotal achievements. Notably, the company's innovative air-taxi design was showcased in 2021, highlighting its superior noise reduction capabilities compared to conventional vertical takeoff and landing vehicles. June 2023 witnessed a significant milestone as Joby secured a crucial permit from the Federal Aviation Administration (FAA) for flight testing in the United States, underscoring its commitment to safety and regulatory compliance.
September saw Joby ( NYSE:JOBY ) advancing its production capabilities with the commencement of construction on an aircraft production facility in Ohio, laying the foundation for scalable manufacturing of its revolutionary air taxis. In November, the company made history by conducting the first-ever air taxi flight in New York City, demonstrating the feasibility and potential of urban aerial mobility.
The planned launch of the air-taxi service in Dubai promises to redefine urban transportation, offering unparalleled speed, convenience, and efficiency to passengers. Several strategic locations have been identified as takeoff and landing zones, including Dubai International Airport (DXB), Palm Jumeirah, Dubai Marina, and Dubai Downtown, ensuring seamless connectivity across the city.
Equipped to accommodate a pilot and up to four passengers, Joby's air taxis boast impressive capabilities, capable of reaching speeds of up to 200 mph. This remarkable speed translates to unprecedented time savings, with a journey from Dubai International Airport to Palm Jumeirah reduced to a mere 10 minutes, compared to the current 45-minute car journey.
The announcement has sparked significant investor enthusiasm, with Joby Aviation's stock ( NYSE:JOBY ) surging over 6% in premarket trading to $6.33 per share, reflecting growing confidence in the company's disruptive potential and transformative impact on urban transportation.
As Joby Aviation ( NYSE:JOBY ) continues to push the boundaries of innovation and collaboration, its visionary pursuit of a sustainable, efficient, and accessible urban air mobility ecosystem holds immense promise for cities worldwide. With the skies of Dubai set to be transformed by the advent of air taxis, the future of transportation has never looked more exhilarating or closer within reach.
In summary, Joby Aviation's ( NYSE:JOBY ) bold venture in Dubai represents a monumental stride towards realizing the vision of a seamless, interconnected urban transportation network, propelling humanity towards a future where the sky is no longer the limit.
JOBY possible buyAccording to my lines JOBY is attempting a breakout today. The rectangle box is where I bought. Added 25% to my position yesterday at the closing bell. The horizontal grey lines are my targets. But hey, everything can and will change these days in the market.
JOBY Monthly and Daily LookJOBY has broke below monthly level, but seem to have found support around 6/6.25 daily level. Will look for JOBY to possibly make run and push above upper resistance prior to Earnings in 13 days.
If daily support at 6 fails, will likely take stop loss.
JOBY pullback48 EMA failed. Will be looking for JOBY to test 200 EMA (near $6.40/6.50 area). Am expecting downtrend to continue. Setting price alerts for $6.90.
Future of EV flights will be slowNot a financial advice. The fomo slowed down now the true valuation should start to kick in shortly.
JOBY at 48 EMANeed 48 EMA to hold support and would like to see volume pick up to push away from $7.60
Bull Flag channel trend lines remain intact.
Trend reversal confirm if push above $8.66 and use 48 EMA as stop loss ($7.80)
RIVN Bull Flag13 EMA failed to support. EMAs (13,48) are starting to curl. Based on Fibs, will watch $7.60 for support, along with 48 EMA providing support. Still not seeing the desired volume for the 48 EMA to hold.
There is a Mini Bull Flag forming inside a of a bigger Bull Flag forming which both trend lines remain intact.
JOBY Pullback13 EMA failed to support. EMAs (13,48) are starting to curl. $8.66 failed support. Based on Fibs, will watch $7.60/$6.54 for support, along with 48 EMA providing support.
There is a nice Bull Flag forming as well and if trend line breaks to upside on good volume, we could possibly see a strong move back up.
JOBY 4 JulyRejection 3x days in a row at $11.29. Expect retracement to $8.19 before push back to test $11.29. If $11.29 breaks could see SWB:16S
Volume and Moving Averages are all positive
$JOBY Revolutionizing AviationOne of the most promising aviation companies out there intends to drastically commercialize air taxis. As things stand, Joby Aviation, Inc. (NYSE: JOBY) is set to start commercial passenger operations in 2025, which is significant since its JAS 4-1 eVTOL air taxi could become the first FAA-approved electric vertical takeoff and landing (eVTOL) aircraft for commercial use. Additionally, JOBY’s entrance into the aviation industry may cause widespread reverberations due to its unique business model. With connections to some major global players and military contracts, JOBY stock could be a worthy long-term investment.
JOBY Fundamentals
On June 28, JOBY was given the green light to start flight testing its JAS4-1 eVTOL air taxi, and in response, JOBY stock ran by as much as 87%. This approval is extremely promising since it reaffirms JOBY’s 2025 FAA approval target. Having said that, other heavy hitters in the industry are experiencing setbacks in the approval process which provides JOBY with a major advantage.
Vertical Aerospace Ltd. (NYSE: EVTL) recently delayed its entry to service from 2025 to 2026 and Lilium N.V. (NASDAQ: LILM) pushed back its entry to service from 2024 to 2025. When it comes to its US competitors this FAA approval discrepancy is even more apparent. A prime example of this is Archer (NASDAQ: ARCH) which is set to start test flights in 2024. Given this information, there is a very real possibility that JOBY’s JAS 4-1 might become the first FAA-approved eVTOL for commercial use which could make JOBY a pioneer of commercial aviation.
The Commercialization Of Air Taxis
As is, eVTOL manufacturers make revenue through B2B purchases of their eVTOLs. That said, JOBY’s business model upends this common industry norm by providing services directly to clients through a rideshare app model. In a sense, JOBY’s business model is closer to Uber’s (NYSE: UBER) than it is to its other industry compatriots. This model provides easier accessibility to the air taxi service which may lead to substantial revenue. Moreover, if this veering trajectory presents favorable results then other players might emulate JOBY.
Short trips in mega cities like New York, and Los Angeles are exceptionally high. As a matter of fact, 99.4% of trips in New York and 99.1% of all trips in Los Angeles are less than 50 miles. These trips are often hampered by traffic congestion and other forms of delay. JOBY’s air taxi rideshare business model basically provides a solution to these inconveniences by providing a faster mode of transportation devoid of traffic complications.
In order to fulfill its goals, JOBY has partnered up with UBER and Delta Air Lines, Inc. (NYSE: DAL). Through its DAL partnership, JOBY is permitted to use DAL’s New York and Los Angeles facilities in exchange for JOBY providing DAL clients with a differentiated service. The icing on top of the DAL partnership deal is a $60 million equity investment that might be followed by a further $200 million as JOBY achieves its milestones.
On the other hand, the UBER deal will allow clients to book JOBY flights via the UBER app, which may result in widespread accessibility to JOBY’s air taxi service. These developments are a foundation of greater commercialization efforts that may drastically alter aviation industry norms.
Toyota Connection
Toyota Motor Corporation (NYSE: TM) is JOBY’s current majority shareholder as it has invested $400 million in the company so far. That said, Tetsuo Ogawa Toyota North America’s CEO was recently appointed as a member of JOBY’s board. This move is a strong indicator that Toyota and JOBY are seeking to strengthen their partnership. Tetsuo Ogawa’s appointment may very well be a prelude to more funding and other means of assistance. It is for that reason that JOBY’s investors should keep their eyes peeled on the news in search of further developments regarding Toyota.
Military Contracts
JOBY’s relationship with the US military dates back to 2020 when the Air Force granted its unmanned electric aircraft an airworthiness certification that would allow the DoD to utilize it. As a result, the DoD has provided JOBY with multiple multi-million dollar contracts, the most recent of which was in April 2023 and was worth $55 million. This product revenue stream provides JOBY with cash during its pre-commercialization period.
The Benefits Of Notoriety
Recently, JOBY obtained a $100 million investment from SKtelecom as part of a partnership that will help JOBY enter the Korean market. This deal may be the first of many to come as a result of JOBY’s growing notoriety. JOBY’s grand air taxi commercialization vision caught the eye of TM, DAL, UBER, and the DoD. These deals, contracts, and partnerships add an air of authenticity to JOBY which in turn caused its notoriety to skyrocket. Given JOBY’s current notoriety, other companies may seek out a partnership which could cause JOBY stock to surge in response.
JOBY Financials
According to JOBY stock’s Q1 2023 report its assets decreased QoQ from $1.29 billion to $1.21 billion. Meanwhile, its cash balance starkly decreased from $146 million to $49 million. On the other hand, liabilities increased from $128 million to $149 million.
In terms of operating expenses, JOBY experienced an increase YoY from $94.3 million to $99.7 million which in turn caused its net loss to increase from $62.3 million to $133.3 million.
Technical Analysis
JOBY stock is in a neutral trend and is trading in a sideways channel between $9.11, and $11.01. Looking at the indicators, the stock is currently above the 200, 50, and 21 MAs which are bullish indications. Meanwhile, the RSI is neutral at 59 and the MACD is bearish.
As for the fundamentals, JOBY recently witnessed 2 catalysts in receiving the green light to start flight testing and the $100 million investment from SKTelecom to enter the Korean market. Given the company’s potential and its several connections with major players, JOBY stock could be an attractive long-term investment, however, investors could wait for the stock to cool down from its recent run before going long as there are 2 gaps near $6.43 and $9.11 that could be filled soon.
JOBY Forecast
JOBY stock could be considered a worthy long-term investment due to its litany of possible catalysts and its potential. These catalysts include but are not limited to DAL contractual milestones, FAA approval, and additional partnerships. As is, a flock of noteworthy global players partnered with JOBY and seem eager to invest in the company due to its unprecedented potential to further commercialize the aviation industry. It is for that reason that JOBY should be on everyone’s radar.
$JOBY interest buying from institutions after a long baseNYSE:JOBY looking good for a longer run after poping out of a long base of more than one year.
Joby Aviation / JOBY - Like an AirplaneSome stocks, I've never heard of before, but I come across people talking about them on Twitter, so I decide to take a look at them and keep an open mind.
That is the case with JOBY, and I know nothing about this company, nor about its financials... nor do I care about that.
So long as the markets are being maintained by institutions and haven't been hot potatoed because they're on the verge of bankruptcy, I only care about price action, because I believe that charts are fractals and contain all of the combined information and intelligence of all market participants.
Also, at present I am not looking to invest, because I believe there's a significant market-wide shakeout on the horizon. After that happens will be the time to build commons positions. Right now is just the time to make some trades and build cash.
I hear Joby's Chief is an actual aviation engineer though, and that sounds pretty bullish in the long term.
Anyways, we're (almost) in September now and the entire 2022 can count as something of an accumulation phase for JOBY.
I believe it's primed to take a run over $8 based on the fact that:
1. Swept out short sellers with stops over the March high on Aug. 8
2. Three weeks of "feathery" downturn while maintaining its July pivot structure
3. Unfinished business from November and December lying slightly above a December weekly double top, which is slightly above the Aug. 8 stop sweep.
I also believe the timing is _exceptionally_ good, as the monthly candle is painted like this, and is not likely to actually print like this with two days to go:
I very much doubt it's going to print a big red down candle with a big long wick based on how all of 2022 has already traded at a discount.
Markets at large are set for a significant downturn. However, 'ye ol' $5 stock aviation stocks can go on a 60% tear while the SPX dumps and it won't affect anything, and can provide something of a safe haven.
All the same, it's set up nicely to go for a run. At least, I think if someone was to short here, they'd get themselves a call from margin, for sure.
Other relevant stock calls:
Enovix / ENVX - A Close Shave
&
Peloton / PTON - Pumpy Before Dumpy
&
Blackberry / BB - 'Tis No Bubbling Volcano, But 'Tis a Geyser.
Flying Taxis I think this is a great company and may be a good stonk for buy and hold.
Check it out, JOBY.
Potential a bottom has been found recently. I am happy to see a strong rebound, in the case major indexes suffer more downside in the near term, this chart is in a good position to form a higher low.
