Reported 2 days ago
Archer Aviation, a startup in the eVTOL (electric vertical takeoff and landing) aircraft market, is facing significant challenges as it remains in pre-production, burns through cash, and dilutes shareholder value through fundraising efforts. Trading below $9, the stock seems appealing at first glance but is deemed risky and overvalued given its zero revenue, high cash burn rate, and reliance on future regulatory approvals. Despite a substantial order backlog, expert analysis suggests that potential investors should be cautious as the company has not yet demonstrated its products’ viability.
Source: YAHOO