The Latest Breaking News from Archer Aviation

The Dow Jones gained as Nvidia stock rallied. Cathie Wood loaded up on a stock amid a monster run. A trio of stocks moved toward buy points.

Carmaking giant Stellantis wants to mass produce "air taxis" designed to carry a handful of passengers on short trips high above road traffic, the company announced this week. It plans to invest up to $150 million in Archer Aviation, which has developed an electric aircraft that can take off and…

 

Archer Aviation Inc (NYSE:ACHR) reported a first-quarter net loss of $(59.2) million, wider than the $(43.3) million loss in 4Q21 and narrower than the $(94.9) million loss in 1Q21. Adjusted EBITDA loss expanded to $(39.1) million from $(15.6) million a year ago. Total operating expenses were $65.3 million for the quarter, a…

Archer Aviation's (NYSE:ACHR) short percent of float has risen 9.43% since its last report. The company recently reported that it has 5.07 million shares sold short, which is 4.41% of all regular shares that are available for trading.

Anytime a company or sector has a trillion-dollar market opportunity, it causes some excitement for investors. That’s what happened Thursday with a new analyst note on a company that went public via SPAC merger in 2021.

 

 

Shares of ACHR are currently trading at less than $5, reflecting the company’s poor fundamentals. So, considering the challenges involved in electric aircraft manufacturing, will ACHR be a good bet now? Read on to learn our view.

Upgrades

Archer Aviation Inc (NYSE:ACHR) reported a fourth-quarter net loss of $(43.3) million, a sequential decrease from $(176.7) million in 3Q21, driven primarily by a decrease in stock-based compensation of $83.9 million. Adjusted EBITDA loss expanded to $(32.4) million from $(28.3) million in Q3. Total operating expenses were $53.3 million for the quarter,…