Is Archer Aviation (ACHR) Share Price Reflecting Progress In Electric Air Taxi Development
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If you are wondering whether Archer Aviation’s current share price reflects its potential, the key question is how its market value stacks up against the underlying business today.
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The stock last closed at US$9.01, with returns of 1.7% over the past week, 10.7% over the past month, 10.8% year to date, and an 8.9% decline over the last year, while the three year return is very large.
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Recent headlines around Archer Aviation have focused on its progress in the emerging electric air taxi space and ongoing attention from investors who follow early stage aviation technology. This backdrop helps explain why the share…
