Is Archer Aviation Stock a Buy Below $9?
From Yahoo Finance: 2025-05-11 10:30:00
Archer Aviation is in pre-production for its eVTOLs, burning cash and diluting shareholders. The stock seems risky and overvalued at a market cap of $5 billion. The company aims to disrupt transportation with eVTOLs, trading below $9 per share. The eVTOLs promise to reduce traffic and travel times in major cities, with a backlog of around $6 billion. Despite promises and partnerships, Archer Aviation has yet to prove its products work. The company generates zero revenue, burning $451 million in free cash flow annually. With a market cap of $5 billion, the stock is considered risky with limited upside potential.
Read more at Yahoo Finance: Is Archer Aviation Stock a Buy Below $9?