Archer Aviation's (NYSE: ACHR) stock hasn't had a particularly good year, with the shares trading near their 52-week lows. But if the second-quarter earnings release is any indication, it is achieving some important progress as it looks to develop an air taxi and air taxi services. Here's a look at the buy, sell, and hold thinking on Archer Aviation.

When Archer Aviation reported second-quarter earnings, it provided a long list of recent, and important, achievements. For example, it has solidified its manufacturing agreement with Stellantis (NYSE: STLA). It raised $230 million in cash via equity sales. It delivered its first Midnight aircraft to the U.S. military. And it expanded its backlog by 116 aircraft, worth up to $580 million, bringing the total backlog up to roughly $6 billion.

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Source Fool.com