NYSE:JOBYAirlines
Joby Aviation (JOBY) Valuation After US$1.2b Capital Raise And Dilution Concerns
Joby Aviation (JOBY) is back in focus after raising more than US$1.2b through new common stock and 0.75% convertible senior notes due 2032. This funding step brings both extra capital and shareholder dilution.
See our latest analysis for Joby Aviation.
The capital raise news has coincided with sharp short term pressure on the shares. There has been a 1 day share price return of a 16.68% decline and a 7 day share price return of a 23.38% decline. However, the 1 year total shareholder return of...