<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，市值最大的電動垂直起降（eVTOL）公司，面臨壓力，因其股價仍遠低於歷史最高點。今年下跌超過 20%，比歷史最高點下跌超過 70%。</p>
<h2>雖虧損但資產負債表良好</h2>
<p>Joby Aviation，像 Lilium 和 Archer Aviation 等其他飛行汽車公司一樣，正在花費數百萬美元建設和認證他們的項目。</p>
<p>該公司 2023 年的年度淨虧損超過 5.13 億美元，較一年前的 2.58 億美元大幅增加。由於公司尚未帶來任何收入，這種虧損是可以理解的。多年來，它從像豐田和優步這樣的投資者那裏籌集了 20 億美元。</p>
<p>Joby Aviation 持續虧損數額巨大，這一趨勢將在可預見的未來繼續。其第二季度的淨虧損超過 1.23 億美元，現金使用額下降至 9900 萬美元。</p>
<p>積極的一面是，Joby Aviation 在行業中擁有最佳資產負債表之一，第二季度結束時現金和短期投資超過 8.25 億美元。對於一家虧損公司來説，擁有這樣的資產負債表是一件好事，因為它通過持有現金賺取了大量利息。在上一季度，它通過利息和其他收入賺取了 2100 萬美元。</p>
<p>然而，挑戰在於美聯儲正計劃降低利率，這將通過持有現金減少其賺取的利息。</p>
<p>此外，該公司已申請能源部（DoE）貸款，這有助於它在不籌集現金的情況下繼續運營。在喬·拜登的領導下，DoE 已向諸如 Qcells（145 億美元）和 Plug Power（16 億美元）等公司提供了貸款。</p>
<p>美國可能會因向 Joby Aviation 提供資金而受益，因為該公司正在研發有助於減少碳排放的技術。就在最近，聯邦航空管理局（FAA）向該公司撥款 100 萬美元。</p>
<p>擁有強大資產負債表幫助 Joby Aviation 投資者避免了其他 eVTOL 公司投資者經歷的痛苦稀釋。其未償還股份已從 6.0433 億增至 7.13 億。相比之下，Archer Aviation 的股份已從 1.57 億多增至 2.98 億多。</p>
<p>然而，如果沒有能源部貸款，Joby Aviation 在 2025 年或 2026 年可能需要籌集資金。</p>
<h2>商業化進程正在進行中</h2>
<p>儘管 Joby Aviation 一直在進行研發投資，但其股價也在回落。除了 eVTOL 外，該公司還開始研發其氫動力飛機，其航程為 561 英里。</p>
<p>它還在繼續與 FAA 合作，並已完成其第四階段的 37%。此外，它還申請在澳大利亞和迪拜等其他國家獲得認證。</p>
<p>最重要的是，該公司已與沙特阿美公司旗下的 Mukamalah 簽署了諒解備忘錄。Mukamalah 將成為 Joby Aviation 飛機的大買家，這很值得注意，因為它是世界上擁有最大企業飛機機隊的最大運營商。</p>
<p>因此，如果一切順利，Joby Aviation 希望在 2025 年或 2026 年全面商業化其飛機。</p>
<p>然而，該公司面臨着重大風險。首先，正如我們在電動汽車（EV）行業中看到的那樣，公司如 Rivian 和 Lucid Group 在開始交付後經過多年才開始盈利。因此，這意味着 Joby 也將繼續一段時間燃燒現金，導致潛在稀釋。</p>
<p>其次，隨着 eVTOL 行業的成熟，競爭問題愈發突出。一些最值得關注的競爭對手將是 Volocopter、Lilium、Archer Aviation、Ehang 和 Vertical Aerospace。</p>
<p>這種競爭可能會影響公司的利潤率，就像我們在 EV 行業中看到的那樣。積極的一面是，由於認證過程漫長，該行業的准入壁壘很高。麥肯錫認為，如果該行業蓬勃發展，將由大約五家大公司主導。</p>
<p>第三，其氫動力飛機能否表現良好尚不明確，就像我們在陷入困境的氫動力卡車公司 Nikola 那樣。</p>
<h2>Joby Aviation 股價分析</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>需要記住的另一個風險是該股票在周線圖上形成了罕見的頭肩頂形態。在大多數情況下，這種形態會導致強勁的熊市突破。其股價正在該形態的頸線處交易。</p>
<p>此外，其股價一直低於 50 周指數移動平均線（EMA）。它還形成了一個小的熊市旗形態圖表。因此，該股票可能會在未來幾周出現熊市突破。如果發生這種情況，它將跌至心理支撐位 4 美元。</p>
<p>文章來源：Invezz</p>

JOBY

<p>Joby Aviation 的股價今年已經下跌超過 20%，從歷史最高點下跌了 70%，主要是由於鉅額虧損，2023 年淨虧損數百萬美元。儘管公司資產負債表強勁，擁有大量現金儲備，但面臨着降低利息收入以及可能在 2025 年或 2026 年進行現金籌集的挑戰。Joby 在研發方面取得了進展，計劃在 2025-2026 年實現商業化，但必須應對 eVTOL 和氫市場的競爭。此外，股價形成了一個熊市的頭肩頂形態，預示着可能會進一步下跌</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，市值最大的電動垂直起降（eVTOL）公司，面臨壓力，因其股價仍遠低於歷史最高點。今年下跌超過 20%，比歷史最高點下跌超過 70%。</p>
</div><h2>Loss-making but with a good balance sheet</h2>
<div class="lb-trans"><h2>雖虧損但資產負債表良好</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 等其他飛行汽車公司一樣，正在花費數百萬美元建設和認證他們的項目。</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>該公司 2023 年的年度淨虧損超過 5.13 億美元，較一年前的 2.58 億美元大幅增加。由於公司尚未帶來任何收入，這種虧損是可以理解的。多年來，它從像豐田和優步這樣的投資者那裏籌集了 20 億美元。</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 持續虧損數額巨大，這一趨勢將在可預見的未來繼續。其第二季度的淨虧損超過 1.23 億美元，現金使用額下降至 9900 萬美元。</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>積極的一面是，Joby Aviation 在行業中擁有最佳資產負債表之一，第二季度結束時現金和短期投資超過 8.25 億美元。對於一家虧損公司來説，擁有這樣的資產負債表是一件好事，因為它通過持有現金賺取了大量利息。在上一季度，它通過利息和其他收入賺取了 2100 萬美元。</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，挑戰在於美聯儲正計劃降低利率，這將通過持有現金減少其賺取的利息。</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，該公司已申請能源部（DoE）貸款，這有助於它在不籌集現金的情況下繼續運營。在喬·拜登的領導下，DoE 已向諸如 Qcells（145 億美元）和 Plug Power（16 億美元）等公司提供了貸款。</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>美國可能會因向 Joby Aviation 提供資金而受益，因為該公司正在研發有助於減少碳排放的技術。就在最近，聯邦航空管理局（FAA）向該公司撥款 100 萬美元。</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>擁有強大資產負債表幫助 Joby Aviation 投資者避免了其他 eVTOL 公司投資者經歷的痛苦稀釋。其未償還股份已從 6.0433 億增至 7.13 億。相比之下，Archer Aviation 的股份已從 1.57 億多增至 2.98 億多。</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，如果沒有能源部貸款，Joby Aviation 在 2025 年或 2026 年可能需要籌集資金。</p>
</div><h2>Commercialization process in progress</h2>
<div class="lb-trans"><h2>商業化進程正在進行中</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>儘管 Joby Aviation 一直在進行研發投資，但其股價也在回落。除了 eVTOL 外，該公司還開始研發其氫動力飛機，其航程為 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>它還在繼續與 FAA 合作，並已完成其第四階段的 37%。此外，它還申請在澳大利亞和迪拜等其他國家獲得認證。</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，該公司已與沙特阿美公司旗下的 Mukamalah 簽署了諒解備忘錄。Mukamalah 將成為 Joby Aviation 飛機的大買家，這很值得注意，因為它是世界上擁有最大企業飛機機隊的最大運營商。</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，如果一切順利，Joby Aviation 希望在 2025 年或 2026 年全面商業化其飛機。</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，該公司面臨着重大風險。首先，正如我們在電動汽車（EV）行業中看到的那樣，公司如 Rivian 和 Lucid Group 在開始交付後經過多年才開始盈利。因此，這意味着 Joby 也將繼續一段時間燃燒現金，導致潛在稀釋。</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，隨着 eVTOL 行業的成熟，競爭問題愈發突出。一些最值得關注的競爭對手將是 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>這種競爭可能會影響公司的利潤率，就像我們在 EV 行業中看到的那樣。積極的一面是，由於認證過程漫長，該行業的准入壁壘很高。麥肯錫認為，如果該行業蓬勃發展，將由大約五家大公司主導。</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，其氫動力飛機能否表現良好尚不明確，就像我們在陷入困境的氫動力卡車公司 Nikola 那樣。</p>
</div><h2>Joby Aviation stock price analysis</h2>
<div class="lb-trans"><h2>Joby Aviation 股價分析</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>需要記住的另一個風險是該股票在周線圖上形成了罕見的頭肩頂形態。在大多數情況下，這種形態會導致強勁的熊市突破。其股價正在該形態的頸線處交易。</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，其股價一直低於 50 周指數移動平均線（EMA）。它還形成了一個小的熊市旗形態圖表。因此，該股票可能會在未來幾周出現熊市突破。如果發生這種情況，它將跌至心理支撐位 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>文章來源：Invezz</p>
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Joby Aviation 股票：罕見模式形成，需做好迎接動盪的準備