NEW YORK, June 28, 2026, 16:01 (EDT)
- Joby Aviation, Inc. NYSE:JOBY dropped every day last week and ended Friday at $8.83. That’s an 11.7% slide from its June 18 close ahead of the holiday.
- About 247 million Joby shares traded over five sessions, or roughly 39% of the company’s public float.
- Shares are trading 22% under where Joby priced equity in February, and down 38% from the original 2032 convert conversion price.
- Joby’s investor calendar has nothing scheduled, so traders are watching price moves, any word from regulators, and possible eIPP or Dubai headlines this week.
The U.S. market was closed Sunday, so Friday was the last regular session. Joby Aviation, Inc. NYSE:JOBY finished at $8.83. Shares slid all week even though the company posted no new press releases. The last update on Joby’s press-release page was first-quarter results on May 5. Its SEC page showed the most recent filings as ownership and proposed-sale forms from June 16, and the last 8-K from June 4.
The main action is in the tape. Joby’s traded volume was strong for five sessions. On Friday, 56.24 million shares changed hands, about 181% of its 65-day average volume. The company has 629.73 million shares in public float. As of June 15, short interest was at 100.74 million shares, equal to 16.0% of float.
| Joby daily tape | Close | Change | Volume |
|---|---|---|---|
| Jun 22 | $9.86 | -1.40% | 47.74 mln |
| Jun 23 | $9.55 | -3.14% | 38.10 mln |
| Jun 24 | $9.28 | -2.83% | 50.68 mln |
| Jun 25 | $8.87 | -4.42% | 54.10 mln |
| Jun 26 | $8.83 | -0.45% | 56.24 mln |
Another point for investors is how the stock price lines up against Joby’s 2026 financing deal. Joby raised $576.3 million in February by selling 52.9 million shares at $11.35 apiece. It also sold $690 million of 0.75% convertible notes due in 2032. The notes have an initial conversion price of $14.19 a share, with a capped-call set at $22.70.
| Financing mark | Level | Friday close vs level |
|---|---|---|
| Friday close | $8.83 | — |
| February equity sale price | $11.35 | -22.2% |
| 2032 notes initial conversion price | $14.19 | -37.8% |
| Capped-call cap price | $22.70 | -61.1% |
This matters for Joby because while the company has cash, the share price signals how much flexibility it has. In its Q1 filing, Joby said it could rely on both equity and debt for funding until its business generates enough cash to pay the bills. It also warned that selling more shares could dilute current holders.
Joby’s balance sheet still supports the bull argument. The company reported $2.47 billion in cash, cash equivalents, restricted cash and short-term investments as of March 31. Joby used $144.4 million for operations in the quarter and put $77.9 million into property and equipment.
| Joby Q1 cash markers | Amount |
|---|---|
| Cash, restricted cash, short-term investments | $2.47 bln |
| Net cash spent on operations | $144.4 mln |
| Spend on property and equipment | $77.9 mln |
| Estimated runway at current spending on ops and equipment | 11 quarters |
Joby’s revenue remains small compared to what it is spending. The company posted $24.2 million in revenue for the first quarter, with most of that coming from passenger services with Blade and some government flying. Net loss was $110.0 million.
Joby CEO JoeBen Bevirt in May said the company has the “clearest path we’ve ever had” to kicking off passenger service. He listed out milestones: first flight with an FAA-conforming aircraft, finishing the SR3 audit with the FAA, and getting picked for several White House-supported eVTOL Integration Pilot Program projects. Joby Aero, Inc.
Peer stocks and the indexes didn’t offer any support this week. Archer Aviation Inc. NYSE:ACHR dropped 10.3% from Monday’s close through Friday. Vertical Aerospace Ltd. NYSE:EVTL lost 19.7%. Invesco QQQ Trust NASDAQ:QQQ was down 4.3%. The SPDR S&P 500 ETF Trust NYSEARCA:SPY slipped 2.1% for the week.
| Stock or ETF | Friday close | Change from Jun 22 close |
|---|---|---|
| Joby Aviation NYSE:JOBY | $8.83 | down 10.4% |
| Archer Aviation NYSE:ACHR | $4.87 | off 10.3% |
| Vertical Aerospace NYSE:EVTL | $1.67 | fell 19.7% |
| Invesco QQQ Trust NASDAQ:QQQ | $706.52 | lost 4.3% |
| SPDR S&P 500 ETF Trust NYSEARCA:SPY | $728.99 | slipped 2.1% |
S&P 500 dropped 2.05% this week while the Nasdaq tumbled 4.7% as chip names weighed on the market, Reuters said Friday. “The questions around profitability and the capex story are certainly not going away,” David Stubbs, chief investment strategist at AlphaCore Wealth Advisory, told Reuters. Reuters
Joby heads into the week with support levels at $8.70 from Friday’s low and its 52-week bottom at $7.75. The investor calendar is clear, with only past dates for the June 2 annual meeting and May 5 earnings call.
Related articles: NYSE:JOBY
