Archer Aviation: Promising Developments
- This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »
- Archer Aviation Inc. jumped to $3 on the excitement of small insider purchases.
- The eVTOL manufacturer recently announced several major developments towards FAA certification and production of the Midnight aircraft.
- Archer Aviation stock is interesting, with a $700 million market cap and with initial revenue targets in the $1+ billion range.
As with most SPACs, the stock market lost interest in the money-losing stocks that came public over the last couple of years. Archer Aviation Inc. (NYSE:ACHR) is a prime example, with mounting losses and the company still being years away from the launch of their prime eVTOL aircraft. My investment thesis is more Bullish on the future flying taxi firm, especially with some insider purchases signaling the bottom in the $2s.
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