Archer Aviation (ACHR)
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Archer Aviation: Upgrading As Commercialization Approaches
Seeking Alpha· 2024-03-21 23:27
mikkelwilliam Introduction Morgan Stanley published a paper suggesting that the eVTOL market could be worth $1.5 trillion by 2040 from almost zero today. Archer Aviation Inc. (NYSE:ACHR), along with five other publicly traded startups, countless private companies, and just about every large-scale Aircraft company, are chasing a piece of this market. Some of these companies will be tremendous success stories and make significant returns for early investors. I have been writing about the sector since 2021 and ...
3 Promising eVTOL Stocks With Multibagger Return Potential
InvestorPlace· 2024-03-21 22:18
Core Viewpoint - The current market conditions are favorable for investors to explore eVTOL stocks, with a shift from bearish to bullish sentiment among analysts, indicating potential for significant returns in emerging technologies like electric vertical take-off and landing aircraft [1] Group 1: Archer Aviation (ACHR) - Archer Aviation is developing its eVTOL aircraft, the Midnight, with plans for commercial operations by 2025 and a manufacturing facility to produce up to 650 aircraft annually starting in 2025 [3] - The company ended 2023 with approximately $625 million in liquidity, despite a net loss of $457.9 million and total operating expenses of $446.9 million [3] - Archer Aviation has an indicative order book valued at up to $3.5 billion, and analysts project an 89.72% potential upside for the stock within the next twelve months [4] Group 2: Blade Air Mobility (BLDE) - Blade Air Mobility operates an app-based service for booking helicopter and charter jet flights, positioning itself as a key player in the eVTOL market [6] - The company has shown rapid improvement in fundamentals, with adjusted EBITDA rising to $0.8 million in Q3 from a negative $4.5 million the previous year, and free cash flow increasing by $7.8 million to $1.3 million [6] - Analysts predict an average target price of $7.80 for BLDE, representing a 95.49% increase from its current price, with a consensus rating of "Strong Buy" [6][7] Group 3: Joby Aviation (JOBY) - Joby Aviation reported its first revenue of $1 million from early flight services to the Department of Defense and ended the year with $1 billion in cash and short-term investments [8] - The company plans to utilize between $440 million and $470 million in cash to enhance commercialization efforts [8] - Joby Aviation is considered to have a strong potential for growth, with a market cap of $3.4 billion and a book ratio of 3.5 times its book assets [8]
Wall Street's Favorite Flying Car Stocks? 3 Names That Could Make You Filthy Rich
InvestorPlace· 2024-03-21 18:45
Flying cars are the future. What seemed like fiction may soon become reality. In 2022, the flying car market was valued at about $220M, while in 2032 it is expected to grow to nearly $4B, representing astounding growth. Many companies are in the flying car space, however, it is highly competitive and only the best will survive. Below are three of the best flying car stocks to invest in. Archer Aviation (ACHR)Source: T. Schneider / Shutterstock.comSan Jose-based Archer Aviation (NYSE:ACHR) is one of the bigg ...
From Six Figures to Seven: 3 Flying Car Stocks Set to Make Millionaires
InvestorPlace· 2024-03-20 16:47
Flying car stocks can mint millionaires. The eVTOL industry is at an interesting point, with several companies headed for commercialization in the next 12 to 24 months. Early-movers will have an advantage in an industry that holds promise for the coming decades.In the last few quarters, flying car stocks have been relatively subdued. However, business developments have remained positive for some of the best names in the industry. Therefore, it’s a good time to buy the best stocks before they surge higher.Re ...
Archer Aviation Inc. (ACHR) Stock Sinks As Market Gains: Here's Why
Zacks Investment Research· 2024-03-19 23:21
In the latest trading session, Archer Aviation Inc. (ACHR) closed at $4.79, marking a -1.64% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.57%. Elsewhere, the Dow saw an upswing of 0.83%, while the tech-heavy Nasdaq appreciated by 0.39%.Prior to today's trading, shares of the company had lost 7.06% over the past month. This has lagged the Aerospace sector's loss of 0.01% and the S&P 500's gain of 2.97% in that time.Investors will be eagerly watching for the pe ...
Stellantis Just Upped Its Bet on Archer Aviation (ACHR) Stock
InvestorPlace· 2024-03-19 19:48
Archer Aviation (NYSE:ACHR), which specializes in manufacturing electric vertical takeoff and landing (eVTOL) vehicles, is seeing choppy price action on Tuesday following an initial bump higher. Yesterday, automotive giant Stellantis (NYSE:STLA) announced that it had bought more ACHR stock, signaling confidence in the air mobility firm.According to its website, Stellantis completed a series of open-market purchases totaling approximately 8.3 million shares of ACHR stock. This acquisition signals confidence ...
Is Archer Aviation a Millionaire Maker?
The Motley Fool· 2024-03-19 13:11
Some of the best investments were initially unknown or seemed dubious -- and usually both. But they persisted and eventually led new markets that grew and became mainstream. The result? Life-changing returns for investors who got in early and never lost faith.Archer Aviation (ACHR -2.99%) is an exciting company that could follow a similar path to disruptive and highly successful businesses. It's racing to develop and bring electric air travel to market. Yes, that makes the stock riskier than your run-of-the ...
Stellantis Signals Its Continued Confidence in Archer by Further Increasing Its Strategic Shareholding in the Company
Newsfilter· 2024-03-18 15:01
Stellantis Signals Its Continued Confidence in Archer by Further Increasing Its Strategic Shareholding in the Company Stellantis completes a series of open market purchases of ~8.3 million shares AMSTERDAM AND SANTA CLARA, CALIFORNIA, March 18, 2024 – Stellantis N.V. and Archer Aviation Inc. (NYSE:ACHR) today announced that Stellantis recently completed a series of open market purchases of ~8.3 million shares of Archer's stock signaling Stellantis' continued confiden ...
Buffett Can't Get Enough of This Stock, Plus Other Insider Buying
24/7 Wall Street· 2024-03-17 13:10
Buffett Can't Get Enough of This Stock, Plus Other Insider Buying frender / iStock via Getty Images The Oracle of Omaha has once more bolstered his stake in a media giant’s tracking stocks. However, Warren Buffett is not the only 10% owner or other insiders who made notable insider purchases in the past week or so.A well-known adage reminds us that corporate insiders and 10% owners really only buy shares of a company because they believe the stock price will rise and they want to profit from it. Thus, ins ...
Multibagger Mayhem: 3 Stocks Set to Shatter Expectations
InvestorPlace· 2024-03-15 10:35
One can say that all investors are hunting for multibagger stocks, or stocks returning many times your original investment. However, for those pursuing a conservative investing approach, the only real challenge is time. That is, you can buy low-risk stocks like blue-chips, and through the power of compounding, generate multi bagger gains over decades.However, for those with shorter time horizons, identifying stocks that will generate multibagger-sized gains can be challenging. Mostly, because the types of s ...