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25.11.2024 00:06:00

Should You Buy Archer Aviation Stock Below $5?

The energy and transportation sectors have seen massive disruption in the 21st century. From electric vehicles like Tesla to ride-sharing platforms like Uber Technologies, people have many different ways to get around these days. Some of these purported disrupters have made millionaires out of their shareholders. Others, such as the embattled hydrogen fuel cell truck company Nikola, have lost shareholders a lot of money.Then what are investors to think of electric vertical take-off and landing (eVTOL) taxis? Many companies are working on electric air taxis, including publicly traded stock Archer Aviation (NYSE: ACHR). The start-up is aiming to build a point-to-point taxi network for eVTOL aircraft across the globe, which will theoretically decrease travel times across cities. If successful, eVTOL taxi networks could be another major disrupter to the transportation market.Should you buy Archer Aviation while the stock trades below $5 a share and with a market cap of $1.5 billion? Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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