On November 13, Joby Aviation, Inc. fell 4.31% in Regular Trading, trading near $5.12 with turnover of $19.05 million.
The move appears tied to continued pressure after the company’s recent quarterly beat and raised full-year outlook were followed by analyst target price reductions, limiting the positive impact of the earnings release.
In its latest quarterly report, Joby Aviation, Inc. posted a loss of $0.22 per share, better than the expected $0.25 loss, while revenue rose to about $55.1 million from $22.6 million a year earlier and exceeded expectations near $39.0 million. The company also raised its full-year revenue guidance to $135 million-$140 million from $115 million-$125 million. Even so, several firms lowered valuation targets afterward, including Morgan Stanley to $10 from $13 and Canaccord Genuity to $7 from $11.5, as investor attention remained on ongoing losses, cash usage, and execution risk around commercialization and certification.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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