NEW YORK, July 14, 2026, 14:10 EDT
Joby Aviation Inc. NYSE:JOBY shares moved up 3.6% to $7.75 as of 1:54 p.m. EDT on Tuesday. The stock bounced after hitting a 52-week low Monday, trading higher alongside the wider market on cooling U.S. inflation data. Archer Aviation Inc. NYSE:ACHR was up 4.9%, Eve Holding Inc. (NYSE:EVEX) rose 3.5% around the same time. The moves mostly tracked the rate rally, not any specific update from Joby.
June CPI slipped 0.4% from May and was up 3.5% on the year, both under what Reuters’ economists had forecast. Treasury yields moved lower after the data, with strategist Art Hogan saying the report “pushes the concept of a rate hike out further on the calendar.” Rate cut hopes make future profits more valuable now, which is important for Joby. Reuters
Electric air-taxi stocks trading around 1:53 to 1:54 p.m. EDT:
| Company | Price | Day move | Volume |
|---|---|---|---|
| Joby Aviation NYSE:JOBY | $7.75 | up 3.6% | 32.7 million |
| Archer Aviation NYSE:ACHR | $4.78 | gained 4.9% | 18.9 million |
| Eve Holding (NYSE:EVEX) | $2.36 | rose 3.5% | 842,618 |
Joby hasn’t posted anything new to its news page since the June 30 manufacturing update. Its most recent SEC filings were two Form 144 sale notices posted Monday. Chief Product Officer Eric Allison filed to sell 27,932 shares, and Chief Legal Officer Kate DeHoff to sell 8,381 shares—both stock plans for restricted units, part of their pay. That’s 36,313 shares between the two, about 0.075% of Monday’s 48.6 million shares traded. Form 144s only announce a plan to sell, not whether the shares were actually sold. It’s all about the scale.
Shares hit a 52-week low of $7.43 on Monday, then bounced back. At $7.75, the stock was still down 13.1% since June 30 and off 31.7% from the $11.35 price in Joby’s January equity sale. The financing-era levels haven’t moved.
| Joby price checkpoint | Reference price | Current price versus checkpoint |
|---|---|---|
| July 13 52-week low | $7.43 | +4.3% |
| June 30 close | $8.92 | -13.1% |
| January 29 equity-offering price | $11.35 | -31.7% |
| 52-week high | $20.95 | -63.0% |
Joby is valued at about $7.62 billion, using the 983.6 million shares from Monday’s filings and a $7.75 stock price. Joby’s March 31 cash and short-term investments stood at $2.467 billion, with $701 million in debt. That gets to an enterprise value near $5.86 billion. Based on 2026 revenue estimates of $105 million to $115 million, the stock trades around 51 to 56 times sales. The market is still expecting a steep commercial launch.
Joby burned through $163 million in Q1, not counting a one-off spend for its Ohio factory. Revenue in the quarter was $24.2 million, mostly from its passenger business purchase. As of March 31, Joby’s liquidity covered about 15 quarters at that cash-use rate—though that’s just a math comparison, not a projection, since certification and factory costs can change. Near-term funding isn’t the sticking point.
Milestones are key for the operating case. Joby and Toyota Motor Corp. (TYO:7203) set up a manufacturing venture on June 30, focusing on productivity, quality and cost before looking at wider output. CEO JoeBen Bevirt said the agreement showed “our shared confidence in the opportunity ahead.” Shares are down 13% since. The market wants proof. Joby Aero, Inc.
Joby’s first FAA-conforming aircraft flew in Q1, marking progress toward regulator testing. CEO Bevirt said the company now has “the clearest path we’ve ever had to beginning passenger operations.” U.S. commercial certification still isn’t done, so timing is key. SEC
The valuation might get easier to justify if Joby hits its timelines for certification, launches passenger flights and moves quickly to cut unit costs with its manufacturing plans. Delays, more cash burn or another share sale would put more pressure on the stock’s premium. Joby has already flagged that new equity financing may mean dilution for current holders. Shares are trading on milestones, not earnings now.
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