Archer Aviation Is Sinking Today -- Is It Time to Buy the Stock? [Yahoo! Finance]
Archer Aviation Inc. Class A (ACHR)
Company Research
Source: Yahoo! Finance
The flying taxi specialist's share price was down 9.1% at 3 p.m. ET. Archer Aviation published a filing with the Securities and Exchange Commission ( SEC ) today detailing plans to sell up to $70 million in new stock. The creation and sale of new stock will mean that previously existing shares will equal a smaller ownership position in the company -- a dynamic known as share dilution . In response, investors are selling the stock today. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Archer Aviation is an early mover in the emerging flying taxi market, and its business is still in a pre-revenue state. It's also posting substantial losses each quarter. Last quarter, Archer posted a net loss of $115.3 million and closed out the quarter with cash and equivalents worth $501.7 million. If the business were to continue to use cash at that rate, it would be able to operate for a little over a year. While investors understa
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- Archer Aviation Stock Has 133% Upside, According to 1 Wall Street Analyst [Yahoo! Finance]Yahoo! Finance
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ACHR
Sec Filings
- 11/21/24 - Form 4
- 11/21/24 - Form 144
- 11/20/24 - Form 144
- ACHR's page on the SEC website