Archer Aviation Stock Soars: Is It Still a Buy Below $13?
The bull market may be returning. Investors in Archer Aviation (NYSE: ACHR) certainly think so, with the stock shooting up close to 70% in the past month on the back of an optimistic earnings report. The upstart builder of electric air taxis is trying to disrupt the transportation market with its new Midnight aircraft and has orders from governments and corporations around the world.However, the company is still in the certification stage and is not generating any revenue at the moment. With the stock soaring, should investors buy Archer Aviation stock below $13? Let's run the numbers and investigate further.Electric air taxis -- sometimes called eVTOLs -- are aiming to disrupt the transportation market and alleviate traffic in large cities. There are plenty of start-ups trying to build these aircraft, with Archer Aviation being one of the leaders. With advancements in materials and electric propulsion, Archer Aviation's Midnight aircraft can theoretically safely and quietly fly a group of four people above a city, skipping the vehicle traffic below. Continue reading
The bull market may be returning. Investors in Archer Aviation (NYSE: ACHR) certainly think so, with the stock shooting up close to 70% in the past month on the back of an optimistic earnings report. The upstart builder of electric air taxis is trying to disrupt the transportation market with its new Midnight aircraft and has orders from governments and corporations around the world.
However, the company is still in the certification stage and is not generating any revenue at the moment. With the stock soaring, should investors buy Archer Aviation stock below $13? Let's run the numbers and investigate further.
Electric air taxis -- sometimes called eVTOLs -- are aiming to disrupt the transportation market and alleviate traffic in large cities. There are plenty of start-ups trying to build these aircraft, with Archer Aviation being one of the leaders. With advancements in materials and electric propulsion, Archer Aviation's Midnight aircraft can theoretically safely and quietly fly a group of four people above a city, skipping the vehicle traffic below.
