from24/7 Wall St.
1 day agoStanley Druckenmiller Says Joby Aviation Is a Buy. Is It?
An October equity offering raised approximately $514 million (with net proceeds of $576 million), but investors who were diluted by the move didn't like that the offering was priced 11% below where the stock had been trading. Its just released Q3 report also showed a much wider-than-expected loss of $0.48 per share compared to consensus estimates of $0.19, highlighting investor concerns over ongoing cash burn and delayed profitability.
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