<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/06/Photo-of-Joby-Aircraft-at-World-Goverments-Summit-scaled.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/06/Photo-of-Joby-Aircraft-at-World-Goverments-Summit-scaled.jpg"/></p>
<p>Joby Aviation，市值最大的电动垂直起降（eVTOL）公司，面临压力，因其股价仍远低于历史最高点。今年下跌超过 20%，比历史最高点下跌超过 70%。</p>
<h2>虽亏损但资产负债表良好</h2>
<p>Joby Aviation，像 Lilium 和 Archer Aviation 等其他飞行汽车公司一样，正在花费数百万美元建设和认证他们的项目。</p>
<p>该公司 2023 年的年度净亏损超过 5.13 亿美元，较一年前的 2.58 亿美元大幅增加。由于公司尚未带来任何收入，这种亏损是可以理解的。多年来，它从像丰田和优步这样的投资者那里筹集了 20 亿美元。</p>
<p>Joby Aviation 持续亏损数额巨大，这一趋势将在可预见的未来继续。其第二季度的净亏损超过 1.23 亿美元，现金使用额下降至 9900 万美元。</p>
<p>积极的一面是，Joby Aviation 在行业中拥有最佳资产负债表之一，第二季度结束时现金和短期投资超过 8.25 亿美元。对于一家亏损公司来说，拥有这样的资产负债表是一件好事，因为它通过持有现金赚取了大量利息。在上一季度，它通过利息和其他收入赚取了 2100 万美元。</p>
<p>然而，挑战在于美联储正计划降低利率，这将通过持有现金减少其赚取的利息。</p>
<p>此外，该公司已申请能源部（DoE）贷款，这有助于它在不筹集现金的情况下继续运营。在乔·拜登的领导下，DoE 已向诸如 Qcells（145 亿美元）和 Plug Power（16 亿美元）等公司提供了贷款。</p>
<p>美国可能会因向 Joby Aviation 提供资金而受益，因为该公司正在研发有助于减少碳排放的技术。就在最近，联邦航空管理局（FAA）向该公司拨款 100 万美元。</p>
<p>拥有强大资产负债表帮助 Joby Aviation 投资者避免了其他 eVTOL 公司投资者经历的痛苦稀释。其未偿还股份已从 6.0433 亿增至 7.13 亿。相比之下，Archer Aviation 的股份已从 1.57 亿多增至 2.98 亿多。</p>
<p>然而，如果没有能源部贷款，Joby Aviation 在 2025 年或 2026 年可能需要筹集资金。</p>
<h2>商业化进程正在进行中</h2>
<p>尽管 Joby Aviation 一直在进行研发投资，但其股价也在回落。除了 eVTOL 外，该公司还开始研发其氢动力飞机，其航程为 561 英里。</p>
<p>它还在继续与 FAA 合作，并已完成其第四阶段的 37%。此外，它还申请在澳大利亚和迪拜等其他国家获得认证。</p>
<p>最重要的是，该公司已与沙特阿美公司旗下的 Mukamalah 签署了谅解备忘录。Mukamalah 将成为 Joby Aviation 飞机的大买家，这很值得注意，因为它是世界上拥有最大企业飞机机队的最大运营商。</p>
<p>因此，如果一切顺利，Joby Aviation 希望在 2025 年或 2026 年全面商业化其飞机。</p>
<p>然而，该公司面临着重大风险。首先，正如我们在电动汽车（EV）行业中看到的那样，公司如 Rivian 和 Lucid Group 在开始交付后经过多年才开始盈利。因此，这意味着 Joby 也将继续一段时间燃烧现金，导致潜在稀释。</p>
<p>其次，随着 eVTOL 行业的成熟，竞争问题愈发突出。一些最值得关注的竞争对手将是 Volocopter、Lilium、Archer Aviation、Ehang 和 Vertical Aerospace。</p>
<p>这种竞争可能会影响公司的利润率，就像我们在 EV 行业中看到的那样。积极的一面是，由于认证过程漫长，该行业的准入壁垒很高。麦肯锡认为，如果该行业蓬勃发展，将由大约五家大公司主导。</p>
<p>第三，其氢动力飞机能否表现良好尚不明确，就像我们在陷入困境的氢动力卡车公司 Nikola 那样。</p>
<h2>Joby Aviation 股价分析</h2>
<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/08/Joby-Aviation-stock.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/08/Joby-Aviation-stock.png"/></p>
<p>需要记住的另一个风险是该股票在周线图上形成了罕见的头肩顶形态。在大多数情况下，这种形态会导致强劲的熊市突破。其股价正在该形态的颈线处交易。</p>
<p>此外，其股价一直低于 50 周指数移动平均线（EMA）。它还形成了一个小的熊市旗形态图表。因此，该股票可能会在未来几周出现熊市突破。如果发生这种情况，它将跌至心理支撑位 4 美元。</p>
<p>文章来源：Invezz</p>

JOBY

<p>Joby Aviation 的股价今年已经下跌超过 20%，从历史最高点下跌了 70%，主要是由于巨额亏损，2023 年净亏损数百万美元。尽管公司资产负债表强劲，拥有大量现金储备，但面临着降低利息收入以及可能在 2025 年或 2026 年进行现金筹集的挑战。Joby 在研发方面取得了进展，计划在 2025-2026 年实现商业化，但必须应对 eVTOL 和氢市场的竞争。此外，股价形成了一个熊市的头肩顶形态，预示着可能会进一步下跌</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/06/Photo-of-Joby-Aircraft-at-World-Goverments-Summit-scaled.jpg" alt="" original-src="https://invezz.com/wp-content/uploads/2024/06/Photo-of-Joby-Aircraft-at-World-Goverments-Summit-scaled.jpg"/></p>
<p>Joby Aviation, the biggest electric vertical take0ff and landing (eVTOL) company by market cap, is under pressure as its stock remains sharply lower than its all-time high. It has dropped by over 20% this year and by over 70% from its all-time high.</p>
<div class="lb-trans"><p>Joby Aviation，市值最大的电动垂直起降（eVTOL）公司，面临压力，因其股价仍远低于历史最高点。今年下跌超过 20%，比历史最高点下跌超过 70%。</p>
</div><h2>Loss-making but with a good balance sheet</h2>
<div class="lb-trans"><h2>虽亏损但资产负债表良好</h2>
</div><p>Joby Aviation, like other flying car companies like Lilium and Archer Aviation, are spending millions of dollars building and certifying their projects.</p>
<div class="lb-trans"><p>Joby Aviation，像 Lilium 和 Archer Aviation 等其他飞行汽车公司一样，正在花费数百万美元建设和认证他们的项目。</p>
</div><p>The company’s annual net loss in 2023 stood at over $513 million, a big increase from the $258 million it made a year earlier. This loss-making is understandable since the company is not yet bringing any revenue. Over the years, it has raised $2 billion from investors like Toyota and Uber.</p>
<div class="lb-trans"><p>该公司 2023 年的年度净亏损超过 5.13 亿美元，较一年前的 2.58 亿美元大幅增加。由于公司尚未带来任何收入，这种亏损是可以理解的。多年来，它从像丰田和优步这样的投资者那里筹集了 20 亿美元。</p>
</div><p>Joby Aviation has continued to lose substantial sums of money and this trend will continue in the foreseeable future. Its net loss in the second quarter stood at over $123 million as its use of cash dropped to $99 million.</p>
<div class="lb-trans"><p>Joby Aviation 持续亏损数额巨大，这一趋势将在可预见的未来继续。其第二季度的净亏损超过 1.23 亿美元，现金使用额下降至 9900 万美元。</p>
</div><p>On the positive side, Joby Aviation has one of the best balance sheets in the industry as it ended the quarter with over $825 million in cash and short-term investments. For a loss-making company, having this balance sheet is a good thing because of the amount of money it makes in interest. In the last quarter, it made $21 million in interest and other income.</p>
<div class="lb-trans"><p>积极的一面是，Joby Aviation 在行业中拥有最佳资产负债表之一，第二季度结束时现金和短期投资超过 8.25 亿美元。对于一家亏损公司来说，拥有这样的资产负债表是一件好事，因为它通过持有现金赚取了大量利息。在上一季度，它通过利息和其他收入赚取了 2100 万美元。</p>
</div><p>The challenge, however, is that the Federal Reserve is on a path to cut interest rates, which will reduce the interest it makes by holding cash.</p>
<div class="lb-trans"><p>然而，挑战在于美联储正计划降低利率，这将通过持有现金减少其赚取的利息。</p>
</div><p>Additionally, the company has applied for a Department of Energy (DoE) loan, which could help it continue without raising cash. The DoE, under Joe Biden, has extended loans to several companies like Qcells ($1.45 billion) and Plug Power, which received $1.6 billion.</p>
<div class="lb-trans"><p>此外，该公司已申请能源部（DoE）贷款，这有助于它在不筹集现金的情况下继续运营。在乔·拜登的领导下，DoE 已向诸如 Qcells（145 亿美元）和 Plug Power（16 亿美元）等公司提供了贷款。</p>
</div><p>The US may see a benefit for loaning the funds to Joby Aviation because it is working on technology that will help the country reduce its carbon emissions. Just recently, the Federal Aviation Administration (FAA) granted the company $1 million.</p>
<div class="lb-trans"><p>美国可能会因向 Joby Aviation 提供资金而受益，因为该公司正在研发有助于减少碳排放的技术。就在最近，联邦航空管理局（FAA）向该公司拨款 100 万美元。</p>
</div><p>Having a strong balance sheet has helped Joby Aviation investors avoid the painful dilution that investors in other eVTOL companies have gone through. Its outstanding shares have risen from 604.33 million to 713 million. In contrast, Archer Aviation’s shares have soared from over 157 million to over 298 million.</p>
<div class="lb-trans"><p>拥有强大资产负债表帮助 Joby Aviation 投资者避免了其他 eVTOL 公司投资者经历的痛苦稀释。其未偿还股份已从 6.0433 亿增至 7.13 亿。相比之下，Archer Aviation 的股份已从 1.57 亿多增至 2.98 亿多。</p>
</div><p>Still, without the DoE loan, there are chances that Joby Aviation will need to raise cash either in 2025 or 2026.</p>
<div class="lb-trans"><p>然而，如果没有能源部贷款，Joby Aviation 在 2025 年或 2026 年可能需要筹集资金。</p>
</div><h2>Commercialization process in progress</h2>
<div class="lb-trans"><h2>商业化进程正在进行中</h2>
</div><p>The Joby Aviation stock price has also retreated even as the company has continued to invest in R&amp;D. In addition to its eVTOL, the company has also started work on its hydrogen aircraft, which has a range of 561 miles.</p>
<div class="lb-trans"><p>尽管 Joby Aviation 一直在进行研发投资，但其股价也在回落。除了 eVTOL 外，该公司还开始研发其氢动力飞机，其航程为 561 英里。</p>
</div><p>It has also continued working on the FAA and has reached 37% of its fourth stage. It has also applied for certification in other countries like Australia and Dubai.</p>
<div class="lb-trans"><p>它还在继续与 FAA 合作，并已完成其第四阶段的 37%。此外，它还申请在澳大利亚和迪拜等其他国家获得认证。</p>
</div><p>Most importantly, the company has signed an MoU with Mukamalah, a company owned by Saudi Aramco. Mukamalah will be a big buyer of Joby Aviation aircraft, which is notable since it is the biggest operator of the world’s largest fleet of corporate aircraft.</p>
<div class="lb-trans"><p>最重要的是，该公司已与沙特阿美公司旗下的 Mukamalah 签署了谅解备忘录。Mukamalah 将成为 Joby Aviation 飞机的大买家，这很值得注意，因为它是世界上拥有最大企业飞机机队的最大运营商。</p>
</div><p>Therefore, if all goes well, Joby Aviation hopes to start fully commercialization of its aircraft in 2025 or 2026.</p>
<div class="lb-trans"><p>因此，如果一切顺利，Joby Aviation 希望在 2025 年或 2026 年全面商业化其飞机。</p>
</div><p>Still, the company faces substantial risks ahead. First, as we have seen in the electric vehicle (EV) industry, companies like Rivian and Lucid Group spend many years before turning a profit after starting deliveries. Therefore, this means that Joby too will continue burning cash for a while, leading to potential dilution.</p>
<div class="lb-trans"><p>然而，该公司面临着重大风险。首先，正如我们在电动汽车（EV）行业中看到的那样，公司如 Rivian 和 Lucid Group 在开始交付后经过多年才开始盈利。因此，这意味着 Joby 也将继续一段时间燃烧现金，导致潜在稀释。</p>
</div><p>Second, there is the issue of competition as the eVTOL industry matures. Some of the most notable competitors will be companies like Volocopter, Lilium, Archer Aviation, Ehang, and Vertical Aerospace.</p>
<div class="lb-trans"><p>其次，随着 eVTOL 行业的成熟，竞争问题愈发突出。一些最值得关注的竞争对手将是 Volocopter、Lilium、Archer Aviation、Ehang 和 Vertical Aerospace。</p>
</div><p>This competition will likely affect the company’s margins as we have seen in the EV industry. On the positive side, the industry has high barriers to entry, especially because of the lengthy certification process. McKinsey believes that, if the industry thrives, it will be dominated by about five big companies.</p>
<div class="lb-trans"><p>这种竞争可能会影响公司的利润率，就像我们在 EV 行业中看到的那样。积极的一面是，由于认证过程漫长，该行业的准入壁垒很高。麦肯锡认为，如果该行业蓬勃发展，将由大约五家大公司主导。</p>
</div><p>Third, it is unclear whether its hydrogen aircraft will do well, as we have seen with Nikola, the struggling hydrogen truck company.</p>
<div class="lb-trans"><p>第三，其氢动力飞机能否表现良好尚不明确，就像我们在陷入困境的氢动力卡车公司 Nikola 那样。</p>
</div><h2>Joby Aviation stock price analysis</h2>
<div class="lb-trans"><h2>Joby Aviation 股价分析</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/08/Joby-Aviation-stock.png" alt="" original-src="https://invezz.com/wp-content/uploads/2024/08/Joby-Aviation-stock.png"/></p>
<p>The other risk to remember is that the stock has formed the rare head and shoulders pattern on the weekly chart. In most cases, this pattern leads to a strong bearish breakout. Its stock was trading at the neckline of this pattern.</p>
<div class="lb-trans"><p>需要记住的另一个风险是该股票在周线图上形成了罕见的头肩顶形态。在大多数情况下，这种形态会导致强劲的熊市突破。其股价正在该形态的颈线处交易。</p>
</div><p>Also, it has remained below the 50-week Exponential Moving Average (EMA). It has also formed a small bearish flag chart pattern. Therefore, the stock will likely have a bearish breakout in the coming weeks. If this happens, it will drop to the psychological level of $4.</p>
<div class="lb-trans"><p>此外，其股价一直低于 50 周指数移动平均线（EMA）。它还形成了一个小的熊市旗形态图表。因此，该股票可能会在未来几周出现熊市突破。如果发生这种情况，它将跌至心理支撑位 4 美元。</p>
</div><p>The post Joby Aviation stock: brace for turbulence as rare pattern forms appeared first on Invezz</p>
<div class="lb-trans"><p>文章来源：Invezz</p>
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Joby Aviation 股票：罕见模式形成，需做好迎接动荡的准备