Should You Buy Archer Aviation While It's Below $10?
Archer Aviation (NYSE: ACHR) has developed impressive electric vertical takeoff and landing (eVTOL) aircraft and recently raised new funding that gives it plenty of room to grow. Investor sentiment has been flying high for Archer, with the company's share price surging 65% over the last 12 months. But Archer says it won't have any sales of its aircraft until later this year and isn't generating a single dollar of revenue right now.Still, there's no denying the company resonates with investors who are willing to take a risk on innovative ideas. Let's take a look at whether Archer Aviation stock is worth buying while it's still below $10 per share.Continue reading
Archer Aviation (NYSE: ACHR) has developed impressive electric vertical takeoff and landing (eVTOL) aircraft and recently raised new funding that gives it plenty of room to grow. Investor sentiment has been flying high for Archer, with the company's share price surging 65% over the last 12 months.
But Archer says it won't have any sales of its aircraft until later this year and isn't generating a single dollar of revenue right now.
Still, there's no denying the company resonates with investors who are willing to take a risk on innovative ideas. Let's take a look at whether Archer Aviation stock is worth buying while it's still below $10 per share.
