Is a good buy achr right now ?

Archer Aviation (ACHR) does not present a strong buying opportunity at the moment. Here's why:

1. Financial Performance Concerns:
   • Archer Aviation has reported a net loss of $106.9 million and a diluted EPS of -$0.32 as of Q2 2024. This indicates significant financial distress.
   • The company's net income has been declining at a rate of 11.11%, which is a worrying sign for its financial health.

2. Stock Valuation Issues:
   • The stock's price-to-earnings (P/E) ratio is negative at -2.73, which typically suggests that the company is not profitable and raises concerns about its valuation.
   • The price-to-sales (P/S) ratio is not available, but a negative P/E ratio could imply that the market is not expecting positive earnings in the near future.

3. Technical Indicators Showing Weakness:
   • The stock's RSI is at 64.61, which is close to the oversold territory but not yet indicating a strong buying opportunity.
   • The MACD is at 0.08, which could be interpreted as a slight bullish signal, but it needs to be considered in conjunction with other indicators.

4. Market Sentiment and Analyst Ratings:
   • The consensus rating is a "Strong Buy" with an average price target of $10.5, which suggests that analysts are optimistic about the company's future.
   • However, the stock has experienced significant volatility and has been down by 3.8% on October 28, 2024, which could be a reflection of market sentiment.

5. Insider Trading Activity:
   • There is no recent insider trading activity available, which makes it difficult to gauge the confidence of insiders in the company's future.
6. Long-Term Growth Prospects:
   • The company's revenue growth rate is at 41.93%, which is quite high and indicates potential for future growth.
   • The 3-year revenue CAGR is 14.74%, which shows a steady growth trajectory, but the 3-year net income CAGR is -26.64%, which is concerning.

7. Market Position and Regulatory Developments:
   • The company is positioned to benefit from the emerging eVTOL market, as indicated by recent FAA regulations.
   • However, the competitive landscape and regulatory uncertainties could impact the company's ability to capitalize on the market opportunity.

In conclusion, while there are some positive indicators, such as the potential for growth in the eVTOL market and the strong buy consensus, the negative financial performance, valuation concerns, and technical indicators suggest that Archer Aviation is not a compelling buy at the current price. Investors should exercise caution and consider the high risk associated with the stock.