Is Archer Aviation's Share Price Reflecting Progress in Electric Air Taxi Development?

Archer Aviation's stock price reflects progress in electric air taxi development. The stock closed at $9.01, with a 1.7% return over the past week and a 10.8% year-to-date return. The company scores 4 out of 6 for potential undervaluation on Simply Wall St's valuation checks. A Discounted Cash Flow model estimates an intrinsic value of $83.24 per share, implying an intrinsic discount of 89.2% compared to the recent share price.