Archer Aviation (ACHR) Projected to Post Quarterly Earnings on Thursday

Archer Aviation (NYSE:ACHR - Get Free Report) is expected to be announcing its Q4 2024 earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of ($0.40) per share and revenue of $0.20 million for the quarter. Parties interested in listening to the company's conference call can do so using this link.

Archer Aviation (NYSE:ACHR - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.10. On average, analysts expect Archer Aviation to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Archer Aviation Stock Up 12.0 %

Shares of ACHR stock traded up $0.95 on Friday, hitting $8.87. 55,086,435 shares of the stock were exchanged, compared to its average volume of 33,568,625. The company has a current ratio of 6.03, a quick ratio of 6.03 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $3.77 billion, a P/E ratio of -6.72 and a beta of 3.14. Archer Aviation has a fifty-two week low of $2.82 and a fifty-two week high of $12.48. The business has a 50-day moving average of $9.60 and a 200 day moving average of $6.20.

Analyst Upgrades and Downgrades

ACHR has been the subject of several research reports. Canaccord Genuity Group raised their price target on shares of Archer Aviation from $13.00 to $13.50 and gave the stock a "buy" rating in a research note on Friday. Deutsche Bank Aktiengesellschaft raised their target price on shares of Archer Aviation from $11.00 to $15.00 and gave the company a "buy" rating in a research report on Friday, December 13th. HC Wainwright reissued a "buy" rating and set a $12.50 price target on shares of Archer Aviation in a research report on Friday. Needham & Company LLC raised their price objective on Archer Aviation from $11.00 to $13.00 and gave the company a "buy" rating in a report on Friday. Finally, Raymond James upped their target price on Archer Aviation from $11.00 to $12.00 and gave the stock an "outperform" rating in a report on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Archer Aviation has a consensus rating of "Moderate Buy" and an average target price of $11.61.

Insider Activity

In other news, Director Michael Spellacy sold 63,000 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $7.10, for a total transaction of $447,300.00. Following the transaction, the director now directly owns 191,513 shares of the company's stock, valued at approximately $1,359,742.30. This trade represents a 24.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Thomas Paul Muniz sold 438,428 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $7.59, for a total value of $3,327,668.52. Following the sale, the chief technology officer now directly owns 1,170,360 shares in the company, valued at $8,883,032.40. This represents a 27.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,057,729 shares of company stock valued at $8,473,770 over the last ninety days. 9.75% of the stock is currently owned by company insiders.

Archer Aviation Company Profile

Archer Aviation Inc, together with its subsidiaries, engages in designs, develops, and operates electric vertical takeoff and landing aircraft for use in urban air mobility. The company was formerly known as Atlas Crest Investment Corp. and changed its name to Archer Aviation Inc The company is headquartered in San Jose, California.