Archer Aviation (ACHR) Projected to Post Earnings on Monday

Archer Aviation (NYSE:ACHR - Get Free Report) is expected to release its Q1 2025 earnings data after the market closes on Monday, May 12th. Analysts expect Archer Aviation to post earnings of ($0.21) per share and revenue of $1.83 million for the quarter.

Archer Aviation (NYSE:ACHR - Get Free Report) last announced its 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 Performance

Shares of NYSE:ACHR traded up $0.02 during midday trading on Wednesday, reaching $8.55. The company had a trading volume of 12,591,894 shares, compared to its average volume of 21,461,768. The stock has a market cap of $4.64 billion, a P/E ratio of -6.47 and a beta of 3.13. The company's 50 day moving average price is $7.71 and its 200 day moving average price is $7.75. The company has a current ratio of 6.03, a quick ratio of 6.03 and a debt-to-equity ratio of 0.16. Archer Aviation has a 52-week low of $2.82 and a 52-week high of $12.48.

Analyst Ratings Changes

A number of research firms have recently weighed in on ACHR. JPMorgan Chase & Co. downgraded shares of Archer Aviation from an "overweight" rating to a "neutral" rating and increased their target price for the company from $6.00 to $9.00 in a research report on Friday, January 10th. Needham & Company LLC reaffirmed a "buy" rating and set a $13.00 price target on shares of Archer Aviation in a research report on Monday, April 21st. Raymond James lifted their price objective on Archer Aviation from $11.00 to $12.00 and gave the stock an "outperform" rating in a report on Friday, February 21st. HC Wainwright reaffirmed a "buy" rating and set a $12.50 price objective on shares of Archer Aviation in a report on Friday, February 28th. Finally, Canaccord Genuity Group boosted their price target on shares of Archer Aviation from $13.00 to $13.50 and gave the company a "buy" rating in a research report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Archer Aviation presently has an average rating of "Moderate Buy" and an average target price of $11.61.

Insider Buying and Selling at Archer Aviation

In related news, insider Tosha Perkins sold 49,273 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $7.70, for a total value of $379,402.10. Following the transaction, the insider now owns 232,396 shares of the company's stock, valued at $1,789,449.20. This represents a 17.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark Mesler sold 34,498 shares of Archer Aviation stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $7.04, for a total value of $242,865.92. Following the sale, the chief financial officer now directly owns 659,357 shares of the company's stock, valued at approximately $4,641,873.28. This trade represents a 4.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 474,780 shares of company stock valued at $3,581,581 in the last 90 days. Corporate insiders own 9.75% of the company's stock.

About Archer Aviation

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.