Archer Aviation Surges to 370th in Daily Trading Volume with $269 Million Turnover Despite Stock Decline

On June 3, 2025, Archer Aviation (ACHR) experienced a significant increase in trading volume, with a turnover of $269 million, marking a 46.89% rise from the previous day. This surge placed Archer in the 370th position in terms of daily trading volume. However, the stock price of Archer Aviation (ACHR) declined by 0.10%, marking the fourth consecutive day of decline, with a total decrease of 11.23% over the past four days.

Archer Aviation has recently made significant strides in its Midnight flight test program, focusing on piloted flight operations. This phase of testing highlights the aircraft's versatility, demonstrating both vertical and conventional take-off capabilities. These advancements are crucial for Archer's goal of establishing robust air taxi services, as evidenced by its recent contract to serve as the Official Air Taxi Provider for the LA28 Olympics.

Archer's stock performance has been notable, with shares delivering total returns of 206% over the past year. This outpaces both the US market's return of 11.5% and the US Aerospace & Defense industry's 30.7% return for the same period. The company's forecasted revenue growth of 58% per annum suggests a significant expansion of its operations, although it remains unprofitable. The market's optimism is reflected in the consensus analyst price target of $11.39, though the current stock price is slightly below this target.