Down Over 30% From Its 52-Week High, Is Now a Good Time to Buy Archer Aviation Stock?

Archer Aviation (NYSE: ACHR) doesn't generate any revenue right now, but investors are hoping that it may not be too long before that changes. The company makes electric vertical takeoff and landing (eVTOL) aircraft. And its flagship aircraft, the Midnight, is close to commercialization. This time next year, the company could be offering air taxi services in multiple markets. The excitement around the business has led to Archer's market cap rising to around $6 billion. And that's with shares of Archer falling 3% this year (as of Sept. 22). It's now down more than 30% from its 52-week high of $13.92, which it hit back in May. Is now the time to add the stock to your portfolio?Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool