Where Will Joby Aviation Stock Be in 3 Years?
JOBYJoby Aviation(JOBY) The Motley Fool·2024-10-31 16:23

Could this unloved electric aviation stock finally take off? Joby Aviation (JOBY -0.40%), a developer of electric vertical take off and landing (eVTOL) aircraft, went public by merging with a special purpose acquisition company (SPAC) on Aug. 10, 2021. The combined company's stock started trading at $10.62, ended its first day at $13.40, but now trades at about $5. Like many other SPAC-backed start-ups, Joby disappointed its early investors by missing its own pre-merger estimates by a mile. It also faced co ...