Is Archer Aviation Stock a No-Brainer Buy While It's Trading Near $5?
The eVTOL stock is down more than 40% in the past 12 months.
Overview
It wasn't all that long ago that Archer Aviation (NYSE:ACHR) 's stock was trading significantly higher than it is now. Last year, it hit highs of nearly $15, as there was ample excitement around electric vertical take-off and landing aircraft (eVTOL) companies.
Today, investors are a bit more cautious, as Archer is still working to obtain certification for its Midnight aircraft to begin transporting passengers. But the growth opportunities remain, and with the stock trading at around $5, its market cap is roughly $4 billion. Is the eVTOL stock worth buying right now?
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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.