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

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

Archer Aviation (NYSE:ACHR - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported ($0.30) EPS for the quarter, topping analysts' consensus estimates 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 Price Performance

Shares of ACHR stock traded up $0.04 during trading on Friday, hitting $8.80. The company had a trading volume of 11,883,344 shares, compared to its average volume of 21,479,316. The firm has a market capitalization of $4.77 billion, a P/E ratio of -6.67 and a beta of 3.13. Archer Aviation has a one year low of $2.82 and a one year high of $12.48. The company has a debt-to-equity ratio of 0.16, a quick ratio of 6.03 and a current ratio of 6.03. The stock's 50-day moving average price is $7.73 and its 200 day moving average price is $7.79.

Insider Buying and Selling

In related news, General Counsel Eric Lentell sold 43,230 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $7.70, for a total value of $332,871.00. Following the sale, the general counsel now owns 53,225 shares of the company's stock, valued at $409,832.50. The trade was a 44.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Tosha Perkins sold 33,335 shares of the firm's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $7.04, for a total value of $234,678.40. Following the transaction, the insider now directly owns 262,673 shares of the company's stock, valued at approximately $1,849,217.92. This represents a 11.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 474,780 shares of company stock worth $3,581,581 in the last 90 days. Insiders own 9.75% of the company's stock.

Analyst Ratings Changes

ACHR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut Archer Aviation from an "overweight" rating to a "neutral" rating and raised their price target for the stock from $6.00 to $9.00 in a research report on Friday, January 10th. HC Wainwright reissued a "buy" rating and issued a $12.50 target price on shares of Archer Aviation in a report on Friday, February 28th. Raymond James increased their price target on shares of Archer Aviation from $11.00 to $12.00 and gave the stock an "outperform" rating in a research report on Friday, February 21st. Canaccord Genuity Group boosted their price objective 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. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $13.00 target price on shares of Archer Aviation in a report on Monday, April 21st. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $11.61.

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.