Archer Aviation (US:ACHR) Yahoo Finance·2026-01-13 16:15Core Viewpoint - Archer Aviation has experienced fluctuations in its stock price, trading flat over the past year but showing significant volatility since its lows in spring 2022 [1][2]. Group 1: Stock Performance - Archer Aviation's stock is up 62% since its low point in spring 2022, but it has fallen 39% from its October highs after nearly tripling from that low [2]. - The stock is currently down only 1% compared to a year ago, indicating a relatively stable position despite recent declines [1]. Group 2: Aircraft and Market Potential - Archer is positioned in the emerging market for electric vertical takeoff and landing (eVTOL) aircraft, with its Midnight aircraft designed to carry a pilot, four passengers, and luggage [3]. - The Midnight aircraft has successfully completed test flights, reaching altitudes of 10,000 feet and distances of 55 miles at speeds of 150 miles per hour, with a goal to cover at least 100 miles [4]. Group 3: Revenue and Growth Prospects - Archer is currently pre-revenue but is projected to approach nearly $1 billion in annual revenue by 2028, supported by deals with major airlines and the U.S. Air Force [5][6]. - Analysts believe Archer will scale faster and achieve profitability sooner than its closest competitor, despite having less than half the market cap [6]. - With over $1.6 billion in cash and nominal long-term debt, Archer's market cap stands at $6.5 billion, resulting in an enterprise value below $5 billion [6].