Archer Aviation Inc. (NYSE:ACHR – Get Free Report) insider Tosha Perkins sold 54,786 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $6.46, for a total transaction of $353,917.56. Following the completion of the sale, the insider owned 377,022 shares in the company, valued at $2,435,562.12. This represents a 12.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Archer Aviation Price Performance
ACHR stock traded up $0.27 on Monday, reaching $6.53. The company had a trading volume of 29,922,469 shares, compared to its average volume of 30,831,696. The company’s fifty day moving average is $7.62 and its 200 day moving average is $8.72. The company has a market cap of $4.25 billion, a P/E ratio of -6.59 and a beta of 3.10. The company has a debt-to-equity ratio of 0.05, a quick ratio of 19.89 and a current ratio of 19.89. Archer Aviation Inc. has a 1 year low of $5.48 and a 1 year high of $14.62.
Archer Aviation (NYSE:ACHR – Get Free Report) last released its quarterly earnings results on Monday, March 2nd. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.09). The firm had revenue of $0.30 million during the quarter, compared to the consensus estimate of $1.40 million. The firm’s revenue was up 29900.0% compared to the same quarter last year. On average, research analysts forecast that Archer Aviation Inc. will post -1.32 earnings per share for the current year.
Institutional Trading of Archer Aviation
More Archer Aviation News
Here are the key news stories impacting Archer Aviation this week:
- Positive Sentiment: FAA milestone and Starlink partnership move commercialization forward — Archer became the first eVTOL maker to receive full FAA acceptance of its Means of Compliance for its Midnight aircraft, reducing a major regulatory hurdle; it also announced Starlink connectivity for in-flight systems, strengthening product offering and operational readiness. Archer FAA Milestone and Starlink Deal
- Positive Sentiment: White House eVTOL Integration Pilot Program selection supports US route access — Partners in Florida, New York and Texas were selected for the eIPP, creating a formal pathway to begin commercial air taxi operations and likely speeding local regulatory coordination and launch timelines. White House eIPP Selection
- Positive Sentiment: Analyst coverage leans constructive — Several brokerages and aggregator pieces show a consensus “moderate buy”/positive tilt, which can support demand and investor sentiment if guidance and milestones continue to print. Brokerage Consensus
- Neutral Sentiment: Media/analyst write-ups reframe progress vs valuation — Coverage highlights the milestone progress but also reminds investors of high valuation and execution risk; useful for context but not new company disclosures. Valuation/Risks Commentary
- Neutral Sentiment: Investor guides and features urge long?term view — Popular outlets argue long-term upside outweighs short-term cash-burn concerns; these pieces can attract retail interest but don’t change fundamentals. Investor Feature
- Negative Sentiment: Lawsuit vs. Joby escalates legal risk and could be distracting/expensive — Archer filed suit accusing Joby of misrepresenting China reliance; litigation could draw legal costs, create uncertainty and distract management. Archer Sues Joby
- Negative Sentiment: Prospectus to issue shares to vendors raises dilution concerns — Filing to issue stock to vendors signals capital needs; if material, equity issuance could dilute existing holders and pressure the stock. Prospectus / Share Issuance
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the stock. Needham & Company LLC cut their price objective on shares of Archer Aviation from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Archer Aviation in a report on Wednesday, January 21st. Cantor Fitzgerald restated an “overweight” rating on shares of Archer Aviation in a report on Monday, November 24th. Canaccord Genuity Group lifted their price objective on Archer Aviation from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, November 21st. Finally, The Goldman Sachs Group started coverage on Archer Aviation in a research note on Monday, December 1st. They issued a “neutral” rating and a $11.00 target price for the company. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.00.
Check Out Our Latest Research Report on ACHR
Archer Aviation Company Profile
Archer Aviation, Inc (NYSE: ACHR) is a California-based aerospace company developing electric vertical takeoff and landing (eVTOL) aircraft designed to serve as sustainable urban air mobility solutions. Founded in 2018 by Adam Goldstein and Brett Adcock, Archer focuses on the design, development and certification of zero-emissions air taxis aimed at reducing traffic congestion in densely populated metropolitan areas. The company’s flagship prototypes, “Maker” and “Midnight,” have been engineered to deliver quiet, efficient short-haul flights with ranges of up to 100 miles per charge.
Headquartered in Palo Alto, California, Archer operates a manufacturing facility in nearby Santa Cruz County and maintains research partnerships with automotive and energy companies, including a collaboration with Stellantis to integrate advanced battery systems.
Read More
- Five stocks we like better than Archer Aviation
- The gold chart Wall Street is terrified of…
- What a Former CIA Agent Knows About the Coming Collapse
- Elon Musk already made me a “wealthy man”
- Buffett, Gates and Bezos Quietly Dumping Stocks—Here’s Why
- 1,500 Banks Just Handed the Fed Your Bank Account
Receive News & Ratings for Archer Aviation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer Aviation and related companies with MarketBeat.com's FREE daily email newsletter.
