In the latest trading session, Archer Aviation Inc. (ACHR) closed at $3.22, marking a -1.53% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.04%. Meanwhile, the Dow experienced a drop of 0.15%, and the technology-dominated Nasdaq saw an increase of 0.12%.The company's shares have seen a decrease of 14.17% over the last month, not keeping up with the Aerospace sector's loss of 0.69% and the S&P 500's gain of 4.15%.Market participants will be closely following the ...

The air mobility market is steadily growing. Regulators are laying down ground rules for electric vertical takeoff and landing (eVTOL) vehicles. This means we are nearing commercial availability. “Flying taxis will happen; it’s a question of ‘when,’ not ‘if,’ as stated in article from McKinsey, expressing confidence in the sector.” Additionally, an analyst from JPMorgan says the sector could reach a trillion-dollar market in the future, and we are at the early onboarding stage of a growing industry. So, it’ ...

The race to the skies has never seemed more appealing as urban centers become increasingly congested. Flying cars, once a science fiction fantasy, are now at the forefront of urban mobility solutions. With technological advancements and regulatory frameworks slowly paving the way, June 2024 might be the perfect time to invest in millionaire-maker flying car stocks.Despite initially facing regulatory hurdles and high development costs, the flying car industry is now poised for exponential growth. Verified Ma ...

We’re getting closer to flying cars, creating a big opportunity for flying car stocks.House lawmakers now want the U.S. Air Force to make its electric flying car a reality.  In fact, “A House subcommittee’s section of the proposed 2025 National Defense Authorization Act directs the Air Force and the Pentagon to set up a working group made up of top-ranking defense officials to spur applications of a program called Agility Prime,” says Stripes.com.Two, Archer Aviation (NYSE:ACHR) just received its Part 135 A ...

Most penny stocks are terrible investments. Typically trading for less than $1 per share, penny stocks are story stocks in search of a reason to exist. They often have no customers, no sales, and, worse, no profits.Yet the allure of investing in penny stocks is understandable. You can control hundreds or thousands of shares for very little money. And if the stocks move higher by just a nickel or a dime, you can make a lot of money.Unfortunately, that rarely happens. Too often, penny stocks are pump-and-dump ...

If you love science fiction, then you’ll love flying cars. Flying cars are the new upcoming trend in transportation. Fortune Business Insights projects that the sector can grow at a compound annual growth rate (CAGR) of more than 58% by 2040. With the sector still in its early stages, investors have a rare opportunity to get in early with potentially industry-leading flying car stocks that could reshape the way we travel. So, let’s look at three flying car stocks brimming with potential. To get the list, I ...

Archer Aviation (NYSE:ACHR) stock is on the rise Wednesday after the electric vertical takeoff and landing (eVTOL) maker received a new Part 135 Air Carrier & Operator Certificate from the Federal Aviation Administration (FAA).Archer Aviation notes that this is a major win for the company as it allows the company to prepare for offering commercial flights with its Midnight eVTOL. ACHR is currently waiting for Midnight’s Type Certification before it can be used by commercial airlines.Archer Aviation founder ...

Midnight, an all-electric aircraft from company Archer Aviation, is seen at the Salinas Municipal Airport in Salinas, California, on Aug. 2, 2023.The Federal Aviation Administration has granted Archer Aviation a key certification that gets the electric air taxi maker closer to eventually flying travelers, the company said Wednesday.Archer is making electric vertical takeoff and landing aircraft, or eVTOLs, and won orders and backing in 2021 from United Airlines, which says the new technology could reduce ca ...

Archer Aviation (NYSE:ACHR) stock is in the news Thursday after the electric vertical takeoff and landing (eVTOL) company secured a commercialization partner in South Korea.Archer Aviation is teaming up with KakaoMobility for its commercialization efforts in South Korea. This will have KakaoMobility acting as the owner and operator of Archer Aviation’s Midnight aircraft in the country.KakaoMobility says it intends to start offering air taxi services to users of its Kakao T mobile app. The company has 30 mil ...

Archer's shares have cratered this year, but the company's long-term value proposition remains intact.Archer Aviation (ACHR -5.94%) stands at the forefront of the aviation industry's transformation, pioneering the development of electric vertical takeoff and landing (eVTOL) aircraft.This innovative company is steering a course through a rapidly evolving market with a business model that promises to redefine urban air mobility.With a strategic blend of direct sales and a rideshare platform, Archer is poised ...