STOCK MARKET: Joby Aviation’s Share price ‘astonishes stock market’ as it continues to rise

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?

Stock Mar­ket: Knives Are Out For Joby

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 are all part of the roller­coast­er ride of stock invest­ing.

Good News: eVTOL Investors See Their Stocks Rise in Val­ue… Final­ly!

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 this 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

For more infor­ma­tion

https://www.jobyaviation.com

(Please car­ry out your own due dili­gence and research before buy­ing any stock)

(Top image: Cred­it — wallpaperaccess.com)