JOBY-WT stock down pre-market 24 Feb 2026 (Joby NYSE): watch $1.65 key level
JOBY-WT stock opened the pre-market session on 24 Feb 2026 with a sharp move, showing a reported last price of -6.26 USD. That trade came with 17,978,441.00 shares traded and a 50-day price average of -1.16 USD. We cover the root drivers, valuation signals, technical levels, and short-term outlook for Joby Aviation, Inc. WT (NYSE) in the United States.
JOBY-WT stock pre-market price action
Joby Aviation, Inc. WT (JOBY-WT) listed on the NYSE shows a dramatic pre-market decline on 24 Feb 2026 to -6.26 USD. Volume expanded to 17,978,441.00 versus an average of 10,834,947.00, signalling elevated selling pressure. The intraday range reported was -7.08 USD low and -5.92 USD high, pushing the share count to 2,178,837,920.00 outstanding. This price move made JOBY-WT one of the top losers in the pre-market session.
JOBY-WT stock fundamentals and valuation
Joby operates in Industrials, in Airlines, Airports & Air Services. Trailing metrics show very low sales per share of 0.03 USD and negative net income per share of -1.25 USD. Price ratios are extreme: price-to-sales ~405.56 and price-to-book ~8.97, reflecting high valuation versus minimal revenue. The company holds 1.16 USD cash per share and a current ratio of 13.61, indicating liquidity but weak operating cash flow of -0.63 USD free cash flow per share.
JOBY-WT stock technicals and Meyka grade
Technically, JOBY-WT shows high volatility. The RSI reads 71.78, and ATR is 1.52 USD, consistent with outsized moves. Bollinger bands sit around -1.33 / -5.18 / -9.03 USD, highlighting the wide trading band. Meyka AI rates JOBY-WT with a score out of 100: 63.07 (Grade B, Suggestion: HOLD). This grade factors in S&P 500 and sector comparison, financial growth, key metrics, forecasts, and analyst consensus. These grades are not guaranteed and are not investment advice.
JOBY-WT stock catalysts and risks
Near-term catalysts include regulatory milestones and production updates for Joby’s eVTOL program. Major risks are continued negative operating cash flow, weak revenue growth, and execution delays. Research and development runs at ~23.95% of revenue, which supports tech progress. However, margins remain negative at -46.57%, magnifying vulnerability to funding or execution setbacks.
JOBY-WT stock analyst view and price targets
There is limited published analyst price target consensus for JOBY-WT. Recent company rating data assigns a rating of C+ and a recommendation of Sell on 23 Feb 2026, driven by low ROE and weak profitability metrics. For scenario planning we outline targets: Bear 1.65 USD, Base 3.23 USD (Meyka yearly forecast), Bull 6.55 USD (year high). These are reference points, not firm recommendations.
JOBY-WT stock trading takeaways and sector context
Traders should note Joby’s sector correlation with broader transport stocks. IYT and other transportation ETFs show mixed exposure to mobility names source. Volatility in electric air mobility peers, including Vertical Aerospace, adds sector-level risk and opportunity source. Use tight risk controls given the sharp pre-market move and wide trading bands.
Final Thoughts
JOBY-WT stock is an outlier in the pre-market top losers list on 24 Feb 2026, with a reported last price of -6.26 USD and elevated volume of 17,978,441.00. Fundamentals show negative profitability and heavy R&D spending, while liquidity metrics remain strong with 1.16 USD cash per share and a current ratio of 13.61. Meyka AI’s forecast model projects a year price of 3.23 USD, which represents a mathematical increase of 9.49 USD from the reported -6.26 USD figure; this equates to a +151.60% change relative to the current price magnitude. Forecasts are model-based projections and not guarantees. For traders we recommend watching the $1.65 USD support and monitoring company updates and regulatory milestones. Investors should treat the move as high risk and consider position sizing, stop-loss levels, and the lack of clear analyst consensus before acting. For our readers, Meyka AI provides this AI-powered market analysis platform commentary and model output to inform your due diligence.
FAQs
Why did JOBY-WT stock fall pre-market on 24 Feb 2026?
JOBY-WT stock moved lower pre-market due to heavy selling, widening volatility, and weak fundamentals. Volume rose to 17,978,441.00, and technical bands signalled overbought reversion. No single public analyst catalyst explained the fall.
What is Meyka AI’s forecast for JOBY-WT stock?
Meyka AI’s forecast model projects a yearly price of 3.23 USD. Compared to the reported -6.26 USD, that implies a mathematical change of +9.49 USD. Forecasts are projections, not guarantees.
Should I trade JOBY-WT stock after the pre-market drop?
Trading JOBY-WT stock requires caution. Expect high volatility and wide spreads. Use tight risk controls, limit order execution, and confirm company updates before increasing exposure.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.