Down More Than 55% From Its High, Is Archer Aviation Stock in Trouble?
2026-03-09 20:20:00 ET
Excitement looks to have cooled when it comes to risky growth stocks, particularly those that still have unproven business models. Archer Aviation (NYSE: ACHR) is a great example of that, as its stock price has declined 23% over the past six months. Shares of the electric vertical takeoff and landing (eVTOL) company reached a high of $14.62 in October, but they're now down around 55% from that level.
It could be a while before the company starts generating revenue, and meanwhile, its losses are piling up. Is Archer's stock in danger of going even lower, or could this be a good growth stock to add to your portfolio today, at a significantly reduced price?
Image source: Getty Images.
NASDAQ: ACHR
ACHR Trading
3.84% G/L:
$6.5001 Last:
11,079,276 Volume:
$6.64 Open:
