It doesn't look like it at first view but Archer Aviation Inc (NYSE:ACHR) has been under significant pressure from the bears during the trailing two months. Indeed, lumpiness has been a key characteristic of ACHR stock. In the past 52 weeks, ACHR stock has gained nearly 219%. However, on a year-to-date basis, the equity is up less than 5%. Still, there are emerging signs that Archer could see a decisive lift in market value.
Fundamentally, excitement is brewing for the underlying air mobility industry. Specifically, Archer represents one of the top competitors in electric vertical takeoff and landing (eVTOL) aircraft. First, several of Archer's peers, including the more speculative outfits like EHang Holdings Ltd (NASDAQ:EH) and Blade Urban Air Mobility (NASDAQ:SRTAW), popped higher today. Second, the sector appears to have attracted institutional traders.
