Has Joby Aviation's Stock Already Peaked?
Investing in zero-emission flying vehicles sounds like a fantastic growth opportunity for investors. And one of the hottest trends right now involves investing in companies that are in the electric vertical take-off and landing (eVTOL) aircraft market. The aircraft can act as air taxis, transporting people efficiently while also being greener and less noisy options than helicopters.
A leading company in that space is Joby Aviation (NYSE: JOBY). The company has been making progress and hopes to commence commercial operations by next year. In light of those expectations, the stock's valuation has climbed by more than 160% in just the past 12 months.
But with the company generating limited revenue and incurring massive losses, and a business model that still needs to prove it can be profitable, there's ample risk with the stock. In just the past month, shares of Joby are down by more than 20%. Is this a sign that the stock may have peaked, or is this just a slight bump in the road for what may still prove to be a promising long-term growth investment?
Source Fool.com
