It was a brutal week for the Advanced Air Mobility Stock Composite, which was down close to 40% from the average price of $51 overall on Aug. 22 to $31.15 overall for the five days ending Aug. 29.
The AAM Stock Composite (AAMC) fell 3.8% in the past week after staying mostly flat when some Advanced Air Mobility companies were announcing financial results.
The primary story on funding in the advanced air mobility industry this month is on cash burn related to research and development, to include certification efforts.
Eve Holding climbed from No. 15 to No. 4 in the AAM Reality Index this month, improving its score on the 10-point scale from 7.0 in June to 7.7 in August.
As financial results for the publicly traded advanced air mobility companies were shared with Wall Street analysts and shareholders, the overall AAM Stock Composite stayed steady, registering a less than 1% gain over the two weeks ending Aug. 15.
Blade Air Mobility, one of 10 publicly traded advanced air mobility companies, beat analyst expectations with its second quarter 2022 financial performance.
The Advanced Air Mobility Stock Composite remained in positive territory for the 10-day period ending Aug. 8, with Archer, Joby, Markforged and Workhorse recording improvements in their per-share pricing for the 10-day period.
Vertical Aerospace has secured a $100 million funding line to bolster its finances as the UK startup ramps up spending on development of its VX4 electric vertical takeoff and landing air taxi.
Financial analysis firm Jefferies is the first to recommend a “buy” rating on an advanced air mobility stock, citing a $7.30 price target for Eve Holding versus its current price, $6.75.
The overall AAM Stock Composite stopped the declines of the past three weeks, finishing with a right at 1% increase for the five-day period ending July 11 compared to the week prior.
It was another tough week for the Advanced Air Mobility Stock Composite, with the index falling to $40 for the week ending July 1, down from $43.08 a week ago.
China’s Duofo Group has acquired Italian ultralight helicopter manufacturer Fama Helicopters with the goal of expanding into uncrewed aircraft and electric vertical takeoff and landing vehicles.
Advanced air mobility publicly held companies are staying the course for a startup industry—a roller coaster that saw the average price increase by 15.8% a week ago and then fall by 19.8% this week.
The past week found U.S. stock markets on the rebound, with the Standard & Poors 500 Index and the Aviation Week AAM Stock Composite both posting gains.
A new program for a clean-sheet airliner from Boeing is still “at least a couple of years” away from being formally launched as the airframer hones the digital tools it will rely on to differentiate the aircraft, Boeing CEO and President Dave Calhoun told an investor conference June 3.
Eve Holdings, the Embraer startup, and Joby posted positive price per share for the last two weeks, as the remainder of the Advanced Air Mobility Composite Index declined.
