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SANTA CRUZ, Calif.—Bonny Simi, President of Operations at Joby Aviation , Inc. (NYSE:JOBY), recently sold 9,695 shares of the company’s common stock. This transaction, executed on March 24, 2025, was part of a pre-arranged trading plan, with shares sold at prices ranging from $6.70 to $6.84, resulting in a total value of approximately $65,732. The sale occurred as the stock trades near $6.57, with InvestingPro analysis indicating slight overvaluation relative to its Fair Value.
Following this sale, Simi exercised stock options to acquire 56,581 shares at a price of $1.77 per share on March 25, 2025. This exercise was part of a broader stock option plan, contributing to a total transaction value of $100,148. After these transactions, Simi holds 203,522 shares of Joby Aviation, demonstrating continued confidence in the company, which maintains impressive gross profit margins of 50.74% and a strong liquidity position with a current ratio of 20.14.
Joby Aviation, based in Santa Cruz, California, is known for its innovative work in the aircraft industry, focusing on electric vertical takeoff and landing (eVTOL) aircraft. With a market capitalization of $5.25 billion, the company maintains a strong balance sheet with more cash than debt. InvestingPro subscribers can access 12 additional key insights and a comprehensive analysis of the company’s financial health.
In other recent news, Joby Aviation reported a significant net loss of $246 million for Q4 2024, with an earnings per share (EPS) of -0.34, which fell short of analysts’ forecast of -0.19. Despite the earnings miss, the company highlighted advancements in product development and strategic partnerships, including plans to begin Federal Aviation Administration (FAA) TIA flight testing within the next 12 months. Joby Aviation has also delivered its second aircraft to the Department of Defense’s Edwards Air Force Base, expanding its operational fleet to five aircraft. The company aims to deliver another aircraft to Dubai by mid-year, indicating ongoing expansion efforts. Cantor Fitzgerald maintained an Overweight rating on Joby Aviation, reflecting a positive long-term outlook. The company continues to focus on strategic partnerships with firms like Delta Air Lines (NYSE:DAL), Toyota (NYSE:TM), and Uber (NYSE:UBER), which are expected to aid in its path toward commercialization and securing FAA Type Certification. Joby Aviation’s cash and short-term investments totaled $933 million at year-end, with net proceeds from equity offerings amounting to $350 million in October and December. These developments underscore Joby Aviation’s commitment to growth and its strategic positioning within the eVTOL industry.
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