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Joby stock price currently sits near $5

Model: NS-40F401NA26
SKU: 6614066
$169.00
Comp. Value: $976.000
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4 payments starting at$57.75
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Joby stock price currently sits near $5.12, with institutional buying patterns detected in pre-market data. Momentum traders anticipate breakout trades aligning with aerospace sector strength. My problem comes from Joby Aviation's market cap of $14.8 billion, making the stock wildly overvalued for a pre-revenue start-up. At its current manufacturing run-rate of 24 air taxis a year that could grow in the years to come, Joby Aviation may have 200 vehicles in operation by 2030. Assuming 20 flights per vehicle per day at $500 each split among the four passengers, that is $730 million in annual revenue for Joby Aviation. It is currently spending close to $500 million a year before generating any sales. There will be variable costs when its taxi network starts operating, along with more money spent to build each vehicle. This high-visibility global event will put Joby's operational leadership on full display in a key international market, potentially forcing a broader market re-evaluation. The consolidation offers a strategic opportunity for investors to act on these powerful new catalysts before the next wave of operational proof closes the valuation gap. Joby stock price gained 0.8% to $5.14 as urban transport modernization bills gain legislative traction. Policy shifts could accelerate commercial deployment timelines.