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Markets · Investing · Business
Finance
Should You Buy Archer Aviation Below $6?
Archer Aviation stock has declined as the company advances toward getting FAA certification to begin commercial operations.
Archer Aviation's (NYSE: ACHR) electric vertical takeoff and landing (eVTOL) vehicles, aka flying taxis, could be coming to a city near you. The company is hitting key milestones to bring its eVTOL to market. But investors have grown impatient with the stock, which is now down 61% from its 52-week high and trading below $6 per share.
If you're considering investing in Archer Aviation, here's what you need to know.
Details
Archer is a part of the White House's eVTOL Integration Pilot Program (eIPP), which aims to accelerate the deployment of eVTOLs and deploy its Midnight aircraft across different regions in the U.S.
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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.
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