Down More Than 60% From Its High, Is Now the Time to Buy Archer Aviation Stock?
Archer has been making progress toward certification of its Midnight aircraft and expects to begin operations this year.
Down More Than 60% From Its High, Is Now the Time to Buy Archer Aviation Stock?
Overview
Archer Aviation (NYSE: ACHR) is one of the leading companies in the electric vertical take-off and landing aircraft (eVTOL) market, but investors haven't been all that excited with it of late. Its value has been dropping as rival Joby Aviation has been making headlines with its progress and highly publicized test flights, and its valuation is more than double Archer's.
Neither company has obtained approval for their air taxis just yet, and both contain sizable long-term risks. But with a lower valuation, and Archer's stock down more than 60% from its 52-week high of $14.62, could now be a good time to add it to your portfolio?
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
- 51% of U.S. adults say the American Dream is out of reach for most people right now: CNBC survey
- A massive 16% market swing just rocked South Korea over 24 hours. The retail ‘ants’ holding the wheel are driving dangerously.
- I’m 60, retired with $3 million. My fiancée, 55, has $1 million but plans to work for the next 10 years. Are we compatible?
