Joby Aviation (JOBY) has fallen from about $13 at the start of 2026 to below $5, hovering near its 52-week low of about $4.40. Its first-ever coast-to-coast autonomous flight and its plan to acquire Resonant Sciences have done little to lift the shares this year, and the decline of similar stock Archer Aviation suggests waning enthusiasm for eVTOL companies. The article notes that past downturns were followed by sharp rebounds, such as in 2025, when a $250 million Toyota investment and other news pushed the stock above $10 and up to around $20 before valuation concerns pulled it back. The author argues investors now want to see actual bookings rather than announcements, and that a milestone such as FAA type certification could push the stock back into double digits. He says the stock may be worth a look for aggressive investors who can tolerate volatility.
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