Reported 1 day ago
Archer Aviation Inc. (NYSE:ACHR) has emerged as a notable multibagger stock in the urban air mobility sector, boasting over 150% returns in the past year. Despite a strong funding position with $1.7 billion in cash and ongoing production of its eVTOL aircraft, the company faces skepticism from short sellers about its $6 billion order book and production capabilities. Analysts remain divided, with some emphasizing advancements in FAA certification and production while others question the viability of existing orders. As Archer strives to meet its operational goals, the market watches keenly for potential volatility.
Source: YAHOO