Archer Aviation Inc ( ACHR ) shares are surging Tuesday following the company’s better-than-expected first-quarter results. Multiple analysts reiterated Buy ratings following the print. Here’s a look at what’s going on.

What To Know: Archer reported a smaller-than-expected loss for the first quarter, posting a 17-cent loss versus estimates for a loss of 28 cents, per Benzinga Pro.

The electric vertical take-off and landing (eVTOL) aircraft developer said in the report that it plans to deliver its first Midnight Edition aircraft to the UAE in the coming months, with planned deployment expected later this year. Archer also highlighted its partnership with Palantir, and said the companies are working to build AI software for next-gen aviation systems.

Archer reported an adjusted EBITDA loss of $109 million for the first quarter and forecasted a second-quarter adjusted EBITDA loss of $100 million to $120 million. The company said its spending for the quarter stayed within the previously guided range, and it ended the quarter with $1.03 billion in cash and cash equivalents, representing its highest cash position.

Archer said in a filing that it would offer $19.25 million worth of its common stock under contractual arrangements over the coming quarters pursuant to its prospectus supplement.

Following the company’s quarterly results, Needham analyst Chris Pierce reiterated Archer with a Buy rating and maintained a price target of $13. HC Wainwright & Co. analyst Amit Dayal also reiterated a Buy rating following the print and maintained a price target of $12.50.

See Also: Can Archer Aviation Stick The Landing After Q1 Earnings? Bulls Say It’s Cleared For Takeoff

How To Buy ACHR Stock

By now you're likely curious about how to participate in the market for Archer Aviation ( ACHR ) – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

In the case of Archer Aviation ( ACHR ), which is trading at $10.48 as of publishing time, $100 would buy you 8.97 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

ACHR Price Action: Archer Aviation ( ACHR ) shares were up 22.8%, trading at $11.15 at the time of publication Tuesday, according to Benzinga Pro.