Archer Aviation (ACHR) Stock Is Sliding Monday: What's Going On?

Shares of Archer Aviation Inc (NYSE:ACHR) closed down Monday afternoon, seeing a pullback despite a series of positive announcements in recent weeks. Here’s what investors need to know.

• ACHR stock is struggling to find support. See the full breakdown here.

What To Know: The eVTOL company’s stock had previously surged following news on Oct. 16 that it successfully acquired Lilium’s patent portfolio. The deal, valued at 18 million euros (~ $20,732,220), added approximately 300 patents and expanded Archer’s intellectual property to over 1,000.

This was followed by a major partnership announcement on Oct. 20 with Korean Air. The agreement establishes Archer as the exclusive partner to introduce eVTOL aircraft to Korea, with a potential deal for up to 100 aircraft.

Market focus now shifts to Archer’s third-quarter earnings, scheduled for release in three days on Thursday after the market close. The consensus EPS estimate is a loss of 24 cents, with quarterly revenue projected at $400,000.

Analyst ratings remain constructive, with Buy ratings from HC Wainwright ($18 price target) and Needham ($13 price target) and a Maintain rating from JPMorgan ($10 price target).

Benzinga Edge Rankings: According to Benzinga Edge stock rankings, Archer Aviation currently boasts a strong Momentum score of 95.56 and shows a positive price trend across short, medium and long terms.

ACHR Price Action: Archer Aviation shares closed down 7.13% at $10.42 at publication on Monday, according to Benzinga Pro data.

How To Buy ACHR Stock

Besides going to a brokerage platform to purchase a share — or fractional share — of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For Archer Aviation, it is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

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