$Joby Aviation, Inc.(JOBY)$π ±οΈππ »π »π Έππ ·
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πππ JOBY: Soaring Into a January Effect Rally ~ π― $10+ ππππ
Kia ora Tiger traders!
My Take: Joby Aviation (NYSE: JOBY) is positioning itself for a January Effect breakout, with clear momentum for a medium-term target of $10+. This eVTOL innovator is catching altitude after turbulent times.
Key Financial Highlights (21Nov24, π³πΏNZ Time):
β’ Pre-Market Price: $6.33 (+12.83%).
β’ Market Cap: $5B, leading the eVTOL space.
β’ 52-Week Range: $4.50 - $7.69.
β’ Toyota Partnership: Recently secured a $500M investment following successful test flights in Japan.
Technical Outlook:
β’ Current Price: $6.33.
β’ Resistance Levels: $7 (short-term), $10 (medium-term breakout target).
β’ Chart Pattern: Bullish ascending triangle forming, indicating further upside potential.
Recent Developments:
β’ FAA Certifications: Progressing steadily toward commercialisation.
β’ Global Expansion: Exhibition flights in Japan validate scalability and market interest.
β’ Industry Leader: Competing directly with Archer Aviation, Joby remains a top contender in the electric air taxi revolution.
Risks to Monitor:
β’ Regulatory Hurdles: FAA certification delays could impact timelines.
β’ High Beta Stock: Volatility is inherent with growth plays like JOBY.
Why JOBY Matters:
As a pioneer in the eVTOL market, Joby is at the forefront of transforming urban mobility. Despite SPAC-related challenges, its partnerships with Toyota and progress in FAA certifications highlight its long-term potential. While risk-averse investors may hesitate, growth-focused traders see JOBY as a compelling bet on the future of electric aviation.
Happy trading ahead. Cheers, BC πππ
@Tiger_comments @TigerPicks @TigerStars @TigerPM @TigerObserver @Daily_Discussion @TigerGPT
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Joby Aviation, Inc. (JOBY) Stock Analysis
Introduction:Joby Aviation is a pioneer in the eVTOL (electric vertical takeoff and landing) market, aiming to transform urban mobility. The company has faced SPAC-related challenges but has secured partnerships with major players like Toyota and is making progress in FAA certifications. Joby Aviation is considered a top contender in the electric air taxi revolution.
Business and Industry Outlook:Joby Aviation operates in the eVTOL sector, which is gaining significant attention and investment due to its potential to revolutionize urban transportation. With increasing interest in sustainable and efficient modes of transportation, the eVTOL market is expected to grow in the coming years. Joby Aviation's focus on partnerships and certifications positions it well for future growth in this industry.
Latest Earnings and Forecast:
2024 Q3 Earnings: Joby Aviation reported an EPS of -0.21. Other financial indicators include a negative return on equity and a gross profit margin of 46.43%.
Earnings Forecast: For the fiscal year 2024, the forecasted EPS is -0.73 (USD), gross income is $142.60K (USD), and forecasted EBIT is -597.12M (USD). The forecasted financials for subsequent years can be found in the supplemental information.
Recent Trends:
Resistance Price: As of November 19, 2024, the resistance price for JOBY stock was $6.33 (USD).
Support Price: As of November 19, 2024, the support price for JOBY stock was $5.20 (USD).
Capital Flow Data: Over the last five days, there has been a net outflow of capital from JOBY stock. The daily details of capital flow can be found in the supplemental information.
Analyst Viewpoints and Target Price:Analysts have provided the following recommendations for JOBY stock: 5 buy, 3 hold, 1 underperform. The mean target estimate is $7.47 (USD), with a low estimate of $3.0 (USD) and a high estimate of $10.0 (USD).
Bullish and Bearish News:Currently, no specific bullish or bearish news has been identified for Joby Aviation. It is essential to stay updated with the latest news as it can significantly impact the stock's price and future growth.
Risk Factors to Monitor:
Regulatory Hurdles: Delays in FAA certifications could impact Joby Aviation's commercialization timeline.
High Beta Stock: JOBY stock is inherently volatile, as is the case with many growth-oriented companies.
Disclaimer:Please note that the above analysis and suggestions cannot be considered as investment advice. The stock market is subject to inherent risks, and stock prices experience normal fluctuations. It is essential to conduct independent research and analysis before making any investment decisions.
Date of analysis: 2024-11-20
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