Archer Aviation Is Under Pressure: Here Is What Investors Should Consider Now
The eVTOL maker still has a lot to prove.
Overview
Shares of Archer Aviation (NYSE: ACHR), a developer of electric vertical takeoff and landing (eVTOL) aircraft, have declined more than 30% over the past 12 months. Let's see why its stock is under pressure, and if it's smarter to buy or sell it today.
Archer's Midnight eVTOL can carry a single pilot and four passengers, travel up to 100 miles on a single charge, and reach a maximum speed of 150 miles per hour. It expects its eVTOLs to gradually replace helicopters for short-range air-taxi services, but the Federal Aviation Administration (FAA) hasn't approved their first commercial flights in the U.S. yet.
Image source: Archer Aviation.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.