5 Best Single Digit Stocks to Buy Now

2. Archer Aviation Inc. (NYSE:ACHR)

Number of Hedge Fund Holders: 22     

Share Price as of October 21: $2.68

Archer Aviation Inc. (NYSE:ACHR) is an urban air mobility company which designs, develops, manufactures, and operates electric vertical takeoff and landing aircrafts to carry passengers. It is one of the major single digit stocks to invest in. The firm was previously known as Atlas Crest Investment Corp but changed the name to Archer Aviation Inc. It was founded in 2018 and is headquartered in Palo Alto, California. 

On September 12, Barclays analyst David Zazula maintained an Equal Weight rating on Archer Aviation (NYSE:ACHR) stock and lowered the price target to $4 from $5.50, noting that the company’s planned commercial launch dates are showing tangible progress. 

At the end of the second quarter of 2022, 22 hedge funds in the database of Insider Monkey held stakes worth $63.5 million in Archer Aviation Inc. (NYSE:ACHR), compared to 28 in the previous quarter worth $78 million.