Joby Aviation's Shares Dip 0.95% on $370M Volume Slides to 405th in Liquidity Rank

On July 31, 2025, Joby Aviation (JOBY) closed with a 0.95% decline, trading at $16.66. The stock recorded a daily trading volume of $370 million, reflecting a 20.42% drop from the prior day and ranking 405th in market liquidity.

Analyst commentary highlighted divergent views on the eVTOL sector. Jim Cramer of CNBC emphasized Joby’s potential to outpace traditional aviation rivals, while broader enthusiasm for electric vertical takeoff and landing (eVTOL) stocks has waned amid regulatory uncertainties and commercialization delays. Joby’s recent production capacity expansion and strategic partnerships, including a $250 million investment from Toyota, were cited as key catalysts. However, investor sentiment remains cautious, with shares underperforming peers as market participants reassess valuation metrics and certification timelines.

The company announced plans to report Q2 2025 financial results on August 6, 2025, which could provide clarity on its path to commercialization. Manufacturing updates, including a $500 million facility in Ohio, underscore operational progress but have yet to translate into sustained investor confidence. Regulatory developments, particularly FAA approval for eVTOL operations, remain critical for long-term valuation stability.

A backtesting analysis of a high-volume trading strategy showed a 166.71% return from 2022 to the present, outperforming the benchmark by 137.53%. The strategy’s success was attributed to capturing momentum in liquid stocks, though recent volatility in Joby’s trading volume suggests short-term liquidity trends remain dynamic.