Market News AIOpen the app

Traders place substantial wagers on Joby’s Q2 earnings surge despite increasing short positions.

ResultsRead the original at benzinga.com
Good for JOBY

Upcoming Q2 earnings report could lead to significant volatility and potential short squeeze.

JOBY · Joby Aviation, Inc.

AI read · Good for JOBY

The AI's read

Joby hits after-hours with Q2 earnings and an FAA certification update that can move the stock big. Options imply about an 11.75% swing and shorts are 16.73% of float. Analysts still peg a $12 target implying roughly 55% upside, so upside is asymmetric versus current price. Price action hasn't run away — RSI 57.8 and the $7.87 level leave room for a move. We lean BULLISH because a clean beat or Stage 5 progress can spark a short squeeze and analyst re-rating. Confidence 84 given fresh catalysts and clear upside, but certification delays are the obvious downside risk.

Get alerts for JOBY

Follow Joby Aviation, Inc. (JOBY) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for JOBY
Free on the App Store and Google Play, or on the web.