Is Archer Aviation Stock a Buy Now?

Shares of Archer Aviation (NYSE: ACHR) trade higher by more than 200% compared to this time last year. That's an incredible advance in a relatively short time. But there's a good reason why investors have become increasingly fond of the stock.

That raises the question: Is the 20% pullback from its most recent highs a buying opportunity now?

Archer Aviation is not the kind of stock that a conservative investor will want to own. It is attempting to build a capital-intensive business from the ground up, which pretty much ensures that it will lose money for years to come. Worse, the industry in which it hopes to compete is mature and dominated by a few established businesses. And the industry is also heavily regulated, further complicating the path toward sustainable profitability.

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Source Fool.com