Investors interested in aerospace stocks may add ACHR to their portfolio, considering its low debt-to-capital ratio and upward revision in earnings estimate.

Archer Aviation (NYSE: ACHR) stock is moving higher in Thursday's trading. The company's share price was up 1.2% as of 2:30 p.m. ET and had been up as much as 10% earlier in the daily session. Archer Aviation stock is climbing following recent analyst coverage on the stock.

Archer Aviation's recent $300 million equity raise supports its commercialization path. Read why I maintain my buy rating for ACHR stock.

The race to develop electric vertical takeoff and landing (eVTOL) aircraft has undergone a dramatic consolidation since its emergence around 2010. What began as a crowded field with hundreds of competing aircraft designs has been winnowed down significantly as the technical and regulatory hurdles became apparent.

Archer Aviation Inc (NYSE:ACHR) shares are trading lower Tuesday after the company announced new financing and reported preliminary results for the fourth quarter.