Archer Aviation Stock Today: ACHR Slips Again as Dilution Fears Collide With Big-Money Buying (13 November 2025)

Updated: 13 November 2025, during U.S. trading hours

Archer Aviation stock (NYSE: ACHR) is trading lower again on Thursday as Wall Street continues to digest last week’s blockbuster capital raise, the planned Hawthorne Airport acquisition in Los Angeles, and a fresh round of analyst target cuts — even as major institutional investors and Cathie Wood’s ARK Invest keep buying the dip. ^[1]

ACHR stock today: price action and volatility

By early afternoon on 13 November 2025, Archer Aviation shares were changing hands around $8.65, down from Wednesday’s close near $8.94, a drop of roughly 3% on the day. ^[2]

Over the last year, ACHR has been one of the most volatile names in the electric vertical take‑off and landing (eVTOL) space. The stock currently sits well below its recent 52‑week high of about $14.62, but still well above its 52‑week low near $4.05, underscoring just how wild the ride has been for shareholders. ^[3]

Despite giving back a big chunk of 2025’s gains, Archer shares are still up well over 150% compared with 12 months ago, but down low double digits year-to-date as investors reassess the risks around cash burn and dilution. ^[4]

Why Archer Aviation stock has been under pressure

The latest leg lower in Archer Aviation stock is not about a sudden business collapse. It’s about how the company is choosing to fund its ambitious growth plans.

1. A $650 million equity raise and a big airport bet

On 6 November, Archer announced it had raised $650 million in new equity capital and signed definitive agreements to acquire control of Hawthorne Airport, an 80‑acre airfield just a few miles from LAX, in a deal valued at $126 million in cash. ^[5]

According to the company and follow‑up reporting:

The deal is designed to turn Hawthorne into a dedicated hub for Archer’s planned Los Angeles air‑taxi network and an AI-powered aviation testbed. ^[6]
Archer’s total liquidity now exceeds $2 billion, giving the pre‑revenue eVTOL builder a sizable cash cushion as it pushes toward certification and commercialization. ^[7]

However, investors zeroed in on the dilution required to pay for all this.

Benzinga notes that the company launched a registered direct offering of 81.25 million shares at $8.00 per share, with proceeds earmarked largely for the Hawthorne transaction. ^[8]

That combination — a big discounted share sale plus a capital‑intensive airport deal — triggered a sharp pullback:

Shares fell nearly 20% late last week after the Q3 earnings release and airport announcement, erasing gains accumulated since spring. ^[9]
Over the last week, the stock is down about 13%, even though it remains up roughly ~200% over the past year. ^[10]

2. Q3 results: better than expected loss, but cash burn in focus

Archer’s third‑quarter 2025 report was actually better than Wall Street feared on the earnings line:

Q3 net loss: about $129.9 million
Adjusted EBITDA loss: roughly $116.1 million
Loss per share came in narrower than analyst expectations (around $0.20 vs. a forecast of $0.31). ^[11]

At the same time, the company guided for a Q4 adjusted EBITDA loss between $110 million and $140 million, reinforcing that Archer is still firmly in the heavy‑investment phase with no commercial revenue yet. ^[12]

For many traders, the takeaway was simple:

Archer is executing on milestones, but the cash burn remains intense and share count keeps rising.

Fresh headlines today (13 November): big-money buying vs. cautious analysts

Today’s news flow around ACHR is a tug‑of‑war between bullish institutional activity and more guarded analyst commentary.

Los Angeles Capital Management boosts its stake

A new 13F filing spotlighted by MarketBeat today shows Los Angeles Capital Management LLC dramatically ramped up its position in Archer Aviation during Q2: ^[13]

The fund’s stake jumped 863.9%, as it bought an additional 114,870 shares, bringing its total to 128,166 shares, worth roughly $1.39 million at the time of filing.
The article notes that around 59% of Archer’s float is now owned by institutional investors and hedge funds.
Wall Street coverage remains broadly constructive, with several firms still rating the stock “Buy” and a consensus price target around $12.57 — implying sizeable upside from today’s sub‑$9 level, even after recent target cuts.

This kind of steady institutional accumulation sends a very different signal from the short‑term price action, suggesting that some professional money managers see the sell‑off as an opportunity rather than a red flag.

Analyst downgrades and target cuts keep pressure on

On the flip side, a detailed analysis piece syndicated via MarketMinute and WRAL highlights how recent analyst downgrades and price‑target reductions have weighed on sentiment. ^[14]

Key points from that coverage and related notes:

Multiple firms, including Canaccord Genuity and Needham, have trimmed their targets (for example, reducing targets from the low‑teens into the high‑single or low‑double digits) while maintaining generally positive ratings. ^[15]
Analysts continue to flag high cash burn, execution risk and the long road to profitability, even as they acknowledge Archer’s strong partner ecosystem and order backlog. ^[16]
The MarketMinute piece frames the stock’s recent slide as a microcosm of the entire eVTOL sector: capital‑intensive projects, extended certification timelines, and investor sentiment that can swing rapidly on funding news. ^[17]

Put simply: Wall Street still likes Archer’s story, but it likes it at a lower price and with more caveats than before.

Cathie Wood’s ARK Invest keeps buying the dip

Adding another twist, Cathie Wood’s ARK Invest has been leaning in. A Q3 portfolio breakdown published today by IBTimes shows that: ^[18]

ARK bought roughly 1.72 million additional shares of Archer in Q3, investing about $17.5 million.
ARK now owns around 31.3 million ACHR shares, cementing it as one of Archer’s most prominent shareholders.
The article also cites TipRanks data showing a “Strong Buy” consensus rating and an average 12‑month price target of $12.20, implying more than 35% upside from current levels.

IBTimes notes that despite being down about 11% year‑to‑date, Archer stock is still viewed by many analysts as a high‑potential, long‑duration growth story in urban air mobility. ^[19]

Hawthorne Airport: the high‑stakes Los Angeles vertiport gamble

Today’s 8‑K summary and follow‑up reporting give investors more clarity on how the Hawthorne deal is structured — and why it matters so much. ^[20]

According to SEC filings and press coverage:

Archer will acquire long‑term lease rights to Hawthorne Airport through 2055, via a series of agreements with the current leaseholders.
The company will pay $126 million in cash and assume an existing property loan of around $16 million at 6.3% interest, maturing in 2030 (with an extension option to 2035). ^[21]
Archer also received an option to purchase 75% of the airport’s fixed‑base operator (FBO) from Advanced Air for $25 million by the end of 2026. ^[22]
A separate development agreement covers roughly 63,000 square feet of new hangar space for about $20.4 million, to be paid as construction milestones are hit. ^[23]
The initial closing is expected by the end of 2025, pending approvals from the City of Hawthorne and other stakeholders. ^[24]

Strategically, Hawthorne is a crown jewel asset:

It’s less than three miles from LAX, giving Archer a prime location for short‑hop air‑taxi services across Greater Los Angeles. ^[25]
Management has described it as a future “operational hub” and AI testing center for the company’s Midnight aircraft, integrating charging, maintenance and passenger facilities in one ecosystem. ^[26]

The risk? Archer is effectively buying airport infrastructure before its aircraft are certified, pulling forward capital spend in exchange for a first‑mover advantage in a key market.

Business fundamentals: cash runway vs. path to commercialization

Beyond day‑to‑day price moves, the investment debate around Archer Aviation centers on two big questions:

Does the company have enough cash to reach commercial scale?
How realistic are its certification and launch timelines?

Cash, losses and liquidity

Recent filings and commentary indicate:

Total liquidity now tops $2 billion, helped by the latest $650 million equity raise. ^[27]
Archer posted a Q3 2025 net loss of about $130 million, with an adjusted EBITDA loss of roughly $116 million, and expects another $110–$140 million EBITDA loss in Q4. ^[28]
Analysts cited by 24/7 Wall St estimate annual cash burn could run $400–$500 million until revenue meaningfully ramps, implying the company likely has several years of runway but limited room for major execution mistakes. ^[29]

On valuation, 24/7 Wall St and other outlets note that Archer trades at a significant discount to the average analyst target (around 40% below, depending on the source), yet still carries a hefty multiple on forward sales given that meaningful commercial revenue is years away. ^[30]

Certification timelines and order book

Archer is one of a handful of well‑funded eVTOL developers working toward FAA approval of its Midnight aircraft. According to company materials and recent analysis:

Archer has already secured an FAA Part 135 air carrier certificate, allowing it to operate on‑demand air service, and Part 141 approval to run a pilot‑training academy. ^[31]
The company is targeting FAA Type Certification for Midnight by late 2025 or early 2026, with initial deliveries to Abu Dhabi expected in the second half of 2025 if regulatory milestones are met. ^[32]
Archer has completed high‑profile test flights, including a 55‑mile mission at altitudes up to 10,000 feet and speeds above 126 mph, and has expanded testing to locations like Abu Dhabi under extreme climate conditions. ^[33]
The company touts an order backlog exceeding $1 billion, backed by partners such as United Airlines and Stellantis, and has also acquired Lilium’s patent portfolio to broaden its IP moat. ^[34]

Longer term, Archer and several analyst reports envisage full‑scale passenger operations by around 2028, with additional upside from a defense partnership with Anduril Industries to co‑develop autonomous VTOL aircraft for military use. ^[35]

What today’s Archer Aviation news means for ACHR investors

For traders and long‑term investors tracking ACHR on 13 November 2025, today’s news flow reinforces a few key themes:

Dilution is real, but so is institutional conviction
- The Hawthorne deal and equity raise are undeniably dilutive — and that’s a core reason the stock is down from the mid‑teens to the high‑single digits in a matter of weeks. ^[36]
- At the same time, Los Angeles Capital Management, ARK Invest and other institutions are adding exposure, signaling that large, sophisticated players still believe the long‑term payoff justifies the near‑term pain. ^[37]
The airport acquisition is a high‑beta infrastructure play
- If Midnight is certified and demand for air taxis in L.A. materializes, owning Hawthorne’s lease rights and FBO option could prove to be a major competitive advantage. ^[38]
- If certification timelines slip or financing becomes more expensive, the same deal could look like an over‑aggressive bet taken too early. ^[39]
Analysts are recalibrating, not abandoning the story
- Recent coverage emphasizes moderated expectations rather than outright bearishness: targets are coming down, but most ratings remain in the Buy / Moderate Buy zone with double‑digit upside implied. ^[40]
Volatility is likely to remain extreme
- With a beta above 2, a wide 52‑week range, and key regulatory and funding milestones ahead, Archer is likely to stay a high‑volatility, high‑risk name, more suited to investors who are comfortable with large swings in both directions. ^[41]

Key risks and catalysts to watch next

If you’re following ACHR from here, the most important upcoming signposts highlighted across today’s coverage and recent filings include: ^[42]

FAA Type Certification milestones for Midnight and any updated guidance on timing (late 2025 vs. early 2026).
Progress on international launches, especially in Abu Dhabi, Japan and South Korea, where Archer has announced partnerships and planned routes.
Detailed capex and construction plans for Hawthorne Airport, including timelines, regulatory approvals and any cost overruns.
The pace of cash burn versus the current $2+ billion liquidity position — and whether management pursues additional non‑dilutive financing options.
Updates on defense programs with Anduril and any new government contracts that could diversify revenue beyond passenger services.

Bottom line

On 13 November 2025, Archer Aviation stock is still working through the hangover of a major equity raise and an aggressive airport acquisition, leaving ACHR under pressure in the short term. Yet today’s filings and articles also highlight deep‑pocketed institutional buyers, strong strategic partners and a sizable order book that underpin the long‑term bull case.

For now, Archer remains a classic “high risk, high potential” pre‑revenue growth stock:

The rewards could be substantial if eVTOL air taxis scale and Archer executes on certification, infrastructure and operations.
The risks — from regulatory delays to financing needs and competition — are equally significant.

Nothing here is investment advice, but if you’re tracking ACHR, today’s news reinforces one simple reality: this is a stock where headlines can move the price just as fast as flight tests.

Archer Aviation (ACHR) SHOCK DROP: Why a $650M Deal Crushed the Stock!