Down Over 30% From Its 52-Week High, Is Now a Good Time to Buy Archer Aviation Stock?

Archer Aviation (ACHR -2.70%) remains a speculative play as the company generates no revenue, yet its electric vertical takeoff and landing (eVTOL) aircraft, the Midnight, nears commercialization. Shares have dipped 3% this year, now trading over 30% below their May peak of $13.92. The $6 billion market cap reflects investor Optimism around potential air taxi services launching as early as next year.

Regulatory certification for the Midnight aircraft could be a turning point, with Los Angeles targeted as a key market. Archer's designation as the "Official Air Tax Provider of the LA28 Olympic Games" underscores its urban mobility ambitions. Commercial success WOULD validate the technology and address traffic congestion—a narrative currently driving the stock's volatility.