Archer Aviation said on Thursday it plans to launch an air mobility network in Los Angeles, with operations beginning as early as 2026.
As broad market sentiment turns negative, short sellers are striking while the iron is hot. They are upping their bearish bets on risky stocks like Archer Aviation (NYSE: ACHR ).
eVTOL stock has remained relatively subdued in the last 12 months. I see this as a lull before the storm with some of the best eVTOL companies nearing commercialization.
It is not too often that investors witness the birth of a new industry. Aviation, however, is on the cusp of transformation.
Companies operating in the electric vertical takeoff and landing (eVTOL) market are often known as flying car stocks. Whether these companies are looked at as futuristic Jetsons-like options, or the air taxis of the future of transportation, it really doesn't matter.
Archer Aviation received more investment from Stellantis and forged a partnership with Southwest Airlines. The company received state support for its manufacturing expansion in California.
JPMorgan's lead analyst on Archer Aviation recently reiterated a bullish rating on the stock. The analyst thinks the stock could climb 50% higher over the next year.
Many growth stocks got hit hard this week due to a shaky earnings season and new economic indicators. New labor data has raised concerns about the risk of recession.
Big tech stocks cooled off in July, while smaller growth companies rallied. An anticipated rate cut could amplify this trend reversal in August and beyond.
In the closing of the recent trading day, Archer Aviation Inc. (ACHR) stood at $4.17, denoting a -1.42% change from the preceding trading day.
There are plenty of cheap stocks under $25 investors can choose from. Of course, plenty of companies with lower share prices are inherently risky, and I'm not talking about just penny stocks.
Is it better to invest in something that's already on the front page of the news, or something with front-page potential? If you want to own a piece of a hidden gem, I invite you to consider Archer Aviation (NYSE: ACHR ).