Is Archer Aviation Stock a Buy Now?
Archer Aviation (NYSE: ACHR) is working to break into the aviation industry. It isn't taking on the industry's entrenched giants directly, however. It is using new technology as it helps to build out an emerging niche of airplanes meant to operate as air taxis. For more aggressive investors the company's increasing list of business wins could make it an attractive buy. Here's what you need to know.
The truth is that, right now, Archer Aviation doesn't actually do much of anything but lose money. Given that it is a start-up in a capital intensive and highly regulated industry that makes sense. Virtually all of the products it produces right now are meant for testing. Investors need to understand that Archer is an early-stage company and there is a lot of risk involved in owning it.
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Source Fool.com
