Is achr a good long term investment

Archer Aviation (ACHR) does not appear to be a strong candidate for a good long-term investment, based on the company's financial performance, recent news, and market sentiment.

1. Financial Performance: Archer Aviation reported a net loss of $106.9 million and a diluted EPS of$-0.32 as of Q3 2024, with total revenue of $-. The company's net income YoY growth rate is 41.93%, but the negative net income and lack of revenue growth suggest financial challenges.

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ACHR Total Revenue, Net Income

2. Recent News and Developments: The company's stock price has experienced significant decline, and it has been downgraded to "Sell" by National Bank Financial, which could impact investor confidence and the company's ability to execute its strategic pivot.
3. Market Sentiment: The sentiment among analysts is cautious, with a recent reaffirmation of a "buy" rating and price target by Benchmark and Cantor Fitzgerald, but also a "sell" rating by JPMorgan Chase & Co., indicating mixed views on the company's future growth.
4. Strategic Positioning: Archer Aviation is focused on developing electric vertical takeoff and landing (eVTOL) aircraft, which could have long-term potential. However, the company's financial performance and market sentiment suggest that it may struggle to capitalize on this position in the long term.
5. Dividend Yield: The dividend yield for Archer Aviation is currently not available, which makes it difficult to assess the immediate returns on investment through dividends. The lack of a dividend yield could be a deterrent for income-focused long-term investors.
6. Free Cash Flow: The company's free cash flow is not available, which could impact its ability to invest in growth opportunities and return value to shareholders.

In conclusion, while Archer Aviation has made strides in developing eVTOL aircraft technology, the negative net income, lack of available dividend yield, and recent setbacks in business model and market sentiment suggest that ACHR may not be an attractive long-term investment at this time. Investors should closely monitor the company's financial performance, market developments, and strategic progress to ensure they align with their investment goals.