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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News
- Why Archer Aviation Stock Is Sinking Today [Yahoo! Finance]Yahoo! Finance
- Archer Aviation: A Once-in-a-Decade Buying Opportunity? [Yahoo! Finance]Yahoo! Finance
- Archer Hires UAE Leader From Abu Dhabi Executive Office and GCAA in Support of Plan to Commence In-country Service as Soon as Late Next YearBusiness Wire
- Cathie Wood Can't Stop Buying Archer Aviation Stock. Should You Invest While It's Still Below $5? [Yahoo! Finance]Yahoo! Finance
- Archer Announces Third Quarter 2024 Results, Demonstrating Manufacturing, Certification and Commercial Launch Momentum [Yahoo! Finance]Yahoo! Finance
ACHR
Sec Filings
- 11/13/24 - Form S-3ASR
- 11/8/24 - Form 10-Q
- 11/7/24 - Form 8-K
- ACHR's page on the SEC website