United

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<ul class="list-ic vertical"> 
 <li> 1 <a>Joby Aviation Inc (NYSE: JOBY) stock price added 2.83% to its trading prices in the July 20 trading session. </a> </li> 
 <li> 2 <a>JOBY stock added 18.18% and 55.54% to its trading prices in the monthly and yearly time frame.</a> </li> 
 <li> 3 <a>The global aviation market was valued at $169.72 Billion in 2022 and is expected to reach $337.0 Billion by the end of 2030. </a> </li> 
</ul> 
Joby Aviation Inc (NYSE: JOBY) stock price added 2.83% to its trading prices in the July 20 trading session. It opened trading at $8.54, dipped to $8.18, hit a high of $8.71 and closed trading at $8.71 with an intraday trading volume of 12.965 Million.&nbsp; 
JOBY stock added 18.18% and 55.54% to its trading prices in the monthly and yearly time frame. It is important to note that the stock is trading at a price that is 6.24% higher than its annual price target.&nbsp; 
Joby Aviation, Inc stock lowest traded at $3.15 and highest traded at $11.98 in the past 52 weeks. In Thursday’s trading session, buyers showed keen interest in holding the stock or increasing their stakes, which might be a reason for a positive upper movement of the trading volume.&nbsp;&nbsp;&nbsp; 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
 <img decoding="async" src="https://lh5.googleusercontent.com/32ErP3dO2Tyrv4LPY-FAF8BUUSotj3dDUYAAhY-1Lz1vLIw135zZe-l-Xa9l6U0j5-lTgNnHZg02c0rv7IxCDoBeDxTSqZBrmjafMkW67pLOi3pO7LcvAE-l4tHD9Oz2IUlUesFnfJgsN45mno4QbZQ" alt="JOBY Stock Surges Amidst Global Aviation Market Boom&nbsp;"> 
 <figcaption class="wp-element-caption">
 Source: Joby stock price chart from TradingView&nbsp; 
 </figcaption> 
 </figure> 
</div> 
After analyzing the price movement of Joby stock, it is observed that if buyers succeed in overruling sellers in the coming session, it might face the immediate resistance level of $10.46.&nbsp;&nbsp; 
If sellers start a sell-off, then it is expected that prices might fall and create a consolidation range between $8.81 and $6.55. The average volume of JOBY stock is 13.473 Million.&nbsp; 
According to relevant data, the market capitalization of Joby Aviation is $5.496 Billion, making it the 2274th most valuable company globally. During August 2021, the company’s market capitalization was around $7.6 Billion.&nbsp; 
TradingView data states that 317.886 Million shares of the company are held closely by financial backers or by the board of directors, while the remaining 313.093 Million shares are free-floating.&nbsp; 
<h2 class="wp-block-heading" id="strong-joby-aviation-inc-earnings-revenue-strong">Joby Aviation, Inc Earnings &amp; Revenue&nbsp;</h2> 
In Q1 2023, the net income of the company was -$113.39 Million with a profit margin of 0%. In the short-term, the company’s total assets are $1.08 Billion, and its liabilities are $30.20 Million. However, in the long-term, <a href="https://www.thecoinrepublic.com/2023/07/21/tesla-inc-tsla-stock-fell-by-9-47-elon-musk-loses-wealth/" target="_blank" rel="noopener noreferrer nofollow">the company’s assets</a> are $208.81 Million, and its liabilities are $98.04 Million.&nbsp; 
Joby Aviation, Inc is a transportation company that is developing an all-electric vertical take-off and landing aircraft that intends to operate as a commercial passenger aircraft by 2024.&nbsp; 
A significant data source discloses that the global aviation market was valued at $169.72 Billion in 2022, and as per estimations, it might reach $337 Billion by the end of 2030.&nbsp;&nbsp; 
Currently, the United States aviation market is valued at $64.38 Billion and is expected to reach $74.35 Billion by the end of 2023. The ongoing growth CAGR is 2.29%.&nbsp; 
The major competitor of Joby Aviation, Inc (NYSE: JOBY), Archer Aviation Inc (NYSE: ACHR) stock is performing exceptionally well, and it is the only aviation stock that the investors prefer over Joby.&nbsp; 
<h4 class="wp-block-heading">Disclaimer&nbsp;</h4> 
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

JOBY Stock Surges Amidst Global Aviation Market Boom

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Thecoinrepublic.com

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