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After Falling by 36%, Is Archer Aviation Stock a Buy at Around $7?
Archer Aviation has emerged as a popular name in the EV space thanks to some high-profile partnerships and financial backers.
Over the last couple of years, a new pocket of the electric vehicle (EV) realm has started gaining momentum in the investment world. Known as electric vertical takeoff and landing (eVTOL) aircraft, they have sparked some excitement among technologists and EV enthusiasts.
One leading eVTOL company you may be familiar with is Archer Aviation (NYSE: ACHR). As of this writing (April 4), shares of Archer have dropped by 36% on the year and are currently trading just over $6. Is this an opportunity to buy the dip in Archer Aviation stock?
While electric air taxis are not yet a mainstream method of transportation, Archer has managed to strike a number of interesting partnerships that have some investors intrigued about the company's future.
