Reported 1 day ago
Archer Aviation's stock has surged nearly 70% following a new partnership and optimistic earnings report, despite the company still being pre-revenue and in the certification phase for its electric air taxi, the Midnight. While there's excitement about its potential to disrupt urban transportation, significant risks persist, such as substantial cash burn and uncertainty surrounding FAA certification. Investors are cautioned about the high risks of pre-revenue stocks, and it may be wise to avoid buying Archer Aviation shares below $13.
Source: YAHOO