This Aerospace Stock Is Cheap, But Does That Make It a Buy Today?
Archer Aviation's stock has fallen by more than 60% from its highs, making it cheaper than it has been in a long time.
Overview
It is hard to place a value on Archer Aviation (NYSE: ACHR) because it is a money-losing start-up. But the stock has fallen more than 60% from its 2025 highs and is now trading at about the same level as in 2021, shortly after coming public via a merger with a special purpose acquisition company (SPAC). Archer Aviation has come a long way since then, so you could easily argue the stock is cheap. But should you buy it?
The big story with Archer Aviation is its electric vertical take-off and landing (eVTOL) aircraft. It already has a model, called Midnight, that it is testing. And it just introduced a variation on Midnight, called Thunder, that is intended for military and industrial use. The hope is that eVTOLs will revolutionize the aerospace industry.
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Originally published at www.fool.com.