Why the Joby Aviation stock dropped by 15.1% last month and continued to flow in September

Aviation Joby (Joby -0.11%)) Actions have seen a substantial withdrawal in the trade last month. The company’s share price dropped by 15.1% during the period, according to data from S&P Global Market Intelligence. In the meantime, the S&P 500 increased 1.9% on the section, and Nasdaq Composite increased by 1.6%.

The electrical vertical takeoff course and landing (EVTOL) The course of the specialist’s action has seen withdrawal in conjunction with the publication of its second quarter results. The action also led lower while investors have adopted a more cautious approach to the artificial intelligence games (AI) of the defense. Sales continued in the September trade.

Joby Stock slipped on the results of the T2 and other catalysts

Joby published his second quarter results after the market closure on August 6 and reported a broader loss than expected for the period. Although the average estimate of analysts called for a loss per share of $ 0.19 during the period, the real loss of the company came to $ 0.41 per share.

Joby is still in a pre-become state, and its transition to marketing depends on the realization of the regulatory approvals of its craftsmanship on the key markets. During the Conference Conference in the second quarter of the company, CEO Joeben Bevirt said that the company made significant progress in certification and manufacturing initiatives – but the wider than expected loss has prompted certain investors to leave the stock.

In addition to the loss published in the second quarter, Joby’s assessment took a hit because investors became more opposed to risk in response to a handful of catalysts last month. A Massachusetts Institute of Technology (MIT) report raised questions about practical AI applications, and some concerning inflation indicators have also been repressed on market appetite for high -risk actions.

While many companies operating at the intersection of defense and AI have experienced strong gains this year, the tendency of the defense AI also lost a little vapor last month. Despite the solid results of T2 in early August and take advantage of subsequent evaluation gains, Palantant The actions ended up seeing declines later in the month – and the trend has extended to other companies which otherwise benefited from the Dyonation Dynamics of the Defense AI.

What is the next step for Joby Aviation?

Joby’s share price continued to decrease in the exchanges in September, with actions down 5.2% during the month at the time of writing this article. Despite the wider gains for expectations that the federal reserve is preparing to reduce interest rates this month, the Evtol action has not been able to participate in the bullish momentum.

Earlier this month, Joby finished a successful demonstration of his Superpilot flight system for the autonomous piloting of an Cessna 208 plane. The trial involved that CESSNA 208 was traveled by 7,000 miles on more than 40 hours of flight using the autonomous Joby navigation technologies.

Although the successful test was not sufficient to push Joby’s actions in positive territory this month, the demonstration represented another positive indicator for the company’s opportunities in the applications of the defense industry and commercial flights. Joby remains a high -risk and high reward investment game, but the company has continued to make significant progress in certain important directions.