Archer Aviation Inc. (NYSE:ACHR) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Consensus rating: Eight analysts give Archer a "Moderate Buy" consensus (5 buys, 2 holds, 1 sell) with an average 1‑year price target of $12.00.
• Earnings miss and market metrics: Archer reported ($0.26) EPS vs. ($0.17) expected and revenue of $0.30M vs. $1.40M expected, remains loss-making (negative P/E) and its shares trade around $5.91 with a 52‑week range of $4.80–$14.62.
• Insider selling: Company insiders sold a total of 255,750 shares worth about $1.65M in the last quarter, leaving insiders with 7.65% ownership while institutional investors hold 59.34%.

Archer Aviation Inc. (NYSE:ACHR - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eight analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $12.00.

Several research firms have recently weighed in on ACHR. Needham & Company LLC reduced their price target on shares of Archer Aviation from $10.00 to $9.00 and set a "buy" rating for the company in a report on Tuesday, March 3rd. Weiss Ratings reiterated a "sell (d-)" rating on shares of Archer Aviation in a research note on Monday, April 20th.

Archer Aviation Stock Up 3.6%

Shares of NYSE:ACHR opened at $5.91 on Tuesday. Archer Aviation has a 52 week low of $4.80 and a 52 week high of $14.62. The company has a debt-to-equity ratio of 0.05, a quick ratio of 19.89 and a current ratio of 19.89. The company has a market capitalization of $4.40 billion, a PE ratio of -5.96 and a beta of 3.24. The company has a 50 day moving average price of $6.10 and a two-hundred day moving average price of $7.76.

Archer Aviation (NYSE:ACHR - Get Free Report) last issued its earnings results on Monday, March 2nd. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.09). The business had revenue of $0.30 million for the quarter, compared to analysts' expectations of $1.40 million. The firm's quarterly revenue was up 29900.0% on a year-over-year basis. Analysts forecast that Archer Aviation will post -1.51 earnings per share for the current year.

Insider Activity at Archer Aviation

In other news, CFO Priya Gupta sold 7,263 shares of the firm's stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $6.27, for a total transaction of $45,539.01. Following the completion of the sale, the chief financial officer owned 178,512 shares in the company, valued at approximately $1,119,270.24. This trade represents a 3.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Eric Lentell sold 8,059 shares of the firm's stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $6.27, for a total transaction of $50,529.93. Following the transaction, the insider directly owned 150,119 shares in the company, valued at approximately $941,246.13. This represents a 5.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 255,750 shares of company stock worth $1,645,333 in the last quarter. 7.65% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Archer Aviation

Hedge funds have recently bought and sold shares of the business. Gould Capital LLC increased its position in Archer Aviation by 238.1% during the fourth quarter. Gould Capital LLC now owns 3,560 shares of the company's stock worth $27,000 after acquiring an additional 2,507 shares during the period. Strs Ohio bought a new stake in shares of Archer Aviation during the 1st quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Archer Aviation by 840.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,732 shares of the company's stock valued at $28,000 after purchasing an additional 3,335 shares during the last quarter. Johnson Investment Counsel Inc. acquired a new stake in Archer Aviation during the 3rd quarter worth approximately $29,000. Finally, Modus Advisors LLC acquired a new stake in Archer Aviation during the 4th quarter worth approximately $29,000. 59.34% of the stock is owned by institutional investors.

About Archer Aviation

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.

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