That enthusiasm has driven Archer’s market cap to around $8 billion. However, the valuation looks extremely stretched; its price-to-sales (P/S) ratio sits near 5,118, compared to a sector median of about 2. This suggests that while investor excitement is high, ACHR stock is trading at levels far above traditional industry benchmarks.After a bruising 2024, Archer’s stock has staged a remarkable comeback this year. The share price, which ended 2024 near $1.87, now trades between $11 and $13, a stunning gain o ...