For decades, the concept of flying cars long dominated the imagination of science-fiction writers. However, a wave of specialist enterprises — in some cases backed by institutional juggernauts — aims to turn fantasy into reality. One of these names is Joby Aviation Inc (NYSE:JOBY), which is making a strong case as it jostles for pole position against rivals such as Archer Aviation Inc (NYSE:ACHR) and Eve Holding Inc (NYSE:EVEX).
Technically, the performance of JOBY stock is difficult to deny. Since the beginning of this year, the security has almost doubled in value. In the trailing 52 weeks, it has returned more than 200%, to the delight of its earlier investors. Even better, the fundamentals appear to justify the notion of a sustained rally.
