Archer Aviation ( (ACHR) ) has risen by 8.11%. Read on to learn why.
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Archer Aviation has seen its stock price rise by 8.11% over the past week, capturing the attention of investors and market watchers. This uptick is largely attributed to a surge in call options trading, which indicates a bullish sentiment among investors. The anticipation surrounding the FAA-backed U.S. air taxi trials has further fueled optimism about the company’s future prospects, despite some concerns about potential challenges ahead.
The increased trading activity in Archer Aviation’s stock, particularly in call options, has been significant, with the volume of calls being four times the expected amount. This has resulted in a low put/call ratio, suggesting that investors are more inclined to bet on the stock’s upward movement. The implied volatility has also increased, reflecting the market’s expectation of more significant price swings in the near future.
Analysts have maintained a positive outlook on Archer Aviation, with a consensus rating of ‘Strong Buy’ and a price target of $13.00. This optimism is supported by the upcoming air taxi trials, which are expected to be a major milestone for the company. As Archer Aviation continues to make strides in the air mobility sector, investors remain hopeful about its growth potential.