ACHR - Is Archer Aviation Stock a Buy Now?
2024-02-11 11:01:00 ET
Archer Aviation (NYSE: ACHR) is one of a small number of publicly tradable U.S. companies that develop electric vertical takeoff and landing (eVTOL) vehicles. These are more commonly known as flying cars or air taxis. It requires a great deal of vision and, like it or not, capital to get this type of business off the ground.
It would be disingenuous to claim that Archer Aviation's financial position is perfect. Yet, improvement should be the name of the game if you're an eVTOL company watcher and/or investor. Otherwise, if you're too strict with your financial criteria, you'll never get to invest in Archer Aviation or any other air-taxi provider.
Unfortunately for Archer Aviation's stakeholders, the stock went into free fall in January. This could be more of an opportunity than a problem, though, if Archer Aviation successfully advances and commercializes both its air taxis and the infrastructure needed to make this type of technology viable.
For further details see:
Is Archer Aviation Stock a Buy Now?