Archer Aviation Stock Struggles Despite Progress, Ownership Breakdown Revealed
Archer Aviation (ACHR) shares have plummeted 26% year-to-date, with a 34% drop over the past month, despite advancements in flight testing and stronger-than-expected Q3 results. The lack of meaningful revenue and prolonged FAA approval processes continue to weigh on investor sentiment.
Recent dilution fears emerged after Archer filed for the resale of over 1 million shares. Analysts remain cautiously optimistic, with Canaccord raising its price target to $13, citing potential revenue from licensing its battery-electric powertrain technology.
Ownership data shows public companies and individual investors hold 45% of ACHR, followed by insiders, ETFs, and institutional players. The market's patience is being tested as Archer navigates regulatory hurdles and commercialization challenges.
