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Joby Aviation(JOBY)
Top performer 
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for JOBY
11/06/2026: JOBY (4-star) is currently NOT-A-BUY. Pass it for now.
Joby Aviation is an aerospace company developing all-electric vertical take-off and landing aircraft for the urban air mobility market. Its primary strength lies in its advanced progress through FAA certification, supported by strategic manufacturing backing from Toyota. The investment story centers on the potential to lead the nascent air taxi industry, though the firm remains pre-revenue with significant execution and regulatory risks. Investors should monitor certification milestones, as they are crucial for clearing the path toward commercial operations. This stock is best suited for growth-oriented investors with a high tolerance for volatility and a long-term time horizon for early-stage technology development.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | Joby represents a high-growth, long-term play in an emerging aerospace technology sector. |
| Momentum investor | Mixed fit | This stock is highly sensitive to news flow and technological milestones, requiring active management. |
| Value investor | Weak fit | Joby lacks earnings and traditional valuation metrics, making it unsuitable for classic value strategies. |
| Dividend investor | Weak fit | The company does not pay dividends and requires significant cash for its ongoing R&D operations. |
| Low-risk investor | Weak fit | The stock carries significant regulatory, execution, and technological risks common to early-stage aerospace firms. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock price is driven by speculative sentiment and development progress, leading to frequent swings. |
| Valuation risk | High | As a pre-revenue firm, valuation is based on future projections rather than current cash flow. |
| Competition risk (eVTOL sector) | Medium / high | Many well-funded companies are racing to achieve certification and commercial launch first. |
| Business quality | Medium | While the technology is advanced, the business model remains unproven at scale. |
| Dividend income | Low / none | Investors should expect zero income from this asset. |
| Execution risk | High | Success depends entirely on meeting complex FAA requirements and scaling manufacturing. |
Analysis of Past Performance
Type Stock | Historic Profit 101.67% | Avg. Invested days 30 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  5.0 |
| Profits based on simulation | Last Close 11/06/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.28B USD | Price to earnings Ratio - | 1Y Target Price 10.01 |
Price to earnings Ratio - | 1Y Target Price 10.01 | ||
Volume (30-day avg) 21.9M shares | Beta 2.84 | 52 Weeks Range 4.43 - 17.10 | Updated Date 11/06/2026 |
52 Weeks Range 4.43 - 17.10 | Updated Date 11/06/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.71 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| UAM Services | Future revenue from aerial passenger transport in urban settings. | Future potential revenue is entirely dependent on launching commercial service. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE - | Forward PE - | Enterprise Value 3.83B | Price to Sales(TTM) 35.48 |
Enterprise Value 3.83B | Price to Sales(TTM) 35.48 | ||
Enterprise Value to Revenue 30.23 | Enterprise Value to EBITDA -9.19 | Shares Outstanding 996.29M | Shares Floating 662.52M |
Shares Outstanding 996.29M | Shares Floating 662.52M | ||
Percent Insiders 32.26 | Percent Institutions 44.94 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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