Archer Aviation Stock Hits a New 52-Week Low. Is Now the Time to Buy?

On Monday, Archer Aviation (NYSE: ACHR) stock fell to a new 52-week low. It has declined by nearly 40% since the start of the year, and it's now down close to 70% from its high of $14.62. It was a hot buy a few years ago, but the excitement around the electric vertical take-off and landing (eVTOL) stock has cooled off significantly.

However, for long-term investors, could this prove to be a blessing in disguise? Could now be an opportune time to buy low on Archer and just hang on for the long haul?

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Air taxis have the potential to revolutionize the way people commute and travel on a day-to-day basis. That's the hope, anyway. And analysts at Grand View Research believe that by the end of the decade, the global eVTOL aircraft market could be worth around $28.6 billion. That would be an astounding rate of increase from the merely $2.1 billion they expect it to be worth this year.

The industry remains in its early

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/archer-aviation-stock-hits-52-161202839.html)