10 Firms Mirror Broader Market Downturn Ahead of 2025

1. Archer Aviation Inc. (NYSE:ACHR)

Archer Aviation Inc. (NYSE:ACHR), a company engaged in designing and manufacturing electric vertical takeoff and landing (eVTOL) aircraft, became Monday’s biggest loser, shedding 10.02 percent to end the day at $10.06 apiece.

Despite Monday’s decline, its past five and 30 trading days still registered a 4.36-percent and 37.81-percent increase in share prices, respectively.

According to analysts, investor sentiment was dampened by news that the company was doubling the number of common stock available and changing requirements for board membership and ownership. This, in turn, would dilute shares because it increases the number of shares available and lowers the value of existing shares.

In a regulatory filing, the company reported that investors voted in favor of amending its certificate of incorporation “to increase the number of authorized shares of the Company’s Class A common stock available for issuance from 700 million to 1.4 billion.”

While we acknowledge the potential of ACHR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ACHR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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