An astonishing thing has happened with the JOBY Aviation share price during the last nine weeks. After being battered and bruised and dismissed last year as a “Crash and Burn Stock” by a certain devious and despicable financial research company, JOBY’s share price has risen phoenix-like from the ashes.
Suddenly, the company has become “the darling of the stock market”. Out of nowhere, longterm JOBY investors who have suffered the slings and arrows, have now turned to their investment portfolio and been forced to pinch themselves in delight. Why?
Let us take stock (sorry for the pun).
Back on April 25th (this year), the JOBY share price was hitting a recent low. A dismal USD3.76 value or a drop of USD6.24 from its opening price of USD10 when it floated on the New York Stock Exchange on August 11th, 2021. It was time for longterm investors to shut up shop, pretend the share did not exist, or even sell what was left of their meagre investment at a major loss and forget all about their terrible judgment.
But the stock market is for the brave and courageous who often require a BIG dose of belief and trust in a share they buy. The emotional ups and downs is all part of the rollercoaster ride of stock investing.
For now, in just nine weeks, JOBY’s value has risen from USD3.76 to USD10.26 (June 30th) or a USD6.50 per share increase. This represents close to a 173 percent rise. So if you had been brave and invested USD10,000 in the stock around April 25th, you would now be sitting on a handsome profit indeed, minus, of course, assorted trading costs.
No wonder, those in the know, continue to perpetuate the mythology and fear surrounding stock market investing. Yes, you can lose your shirt, but you can also gain a genuine 100 carat gold suit with matching shirt, tie and shoes. And throw in a pair of golden pants (UK meaning) for good measure.
This present JOBY success augurs very well for the future of the eVTOL industry. All of a sudden the industry is being taken seriously where it matters. JoeBen Bevirt has done an amazing job at realising his dream and in return the all-mighty and powerful are hopping onboard, relishing in the opportunity to make large amounts of money. Greed it might be, but a greater need for any new industry to survive and prosper.
Meanwhile, the financial websites are relishing JOBY’s success too. For example, seekingalpha.com emblazons a headline, JOBY SURGES TO TOP INDUSTRIAL GAIN OF WEEK; businessinsider.com roars, JOBY STOCK SOARS AFTER FLYING TAXI COMPANY RECEIVES PERMIT TO BEGIN FLIGHT TEST; where the good news just keeps coming. Late last week, JOBY announced that South Korea’s SK Telecom is making a USD100 million equity investment in the company, propelling the share price even higher.
But beware! When a stock price rises as much as this over such a short period of time, there will be a sell-off. You could buy the share at a lower price if you’re patient. Timing is everything. nasdaq.com published a sobering article yesterday entitled ‘Watch Where You Step Before Boarding Joby Aviation Stock.’
https://www.nasdaq.com/articles/watch-where-you-step-before-boarding-joby-aviation-stock-nasdaq:joby
