Archer Aviation (NYSE:ACHR) Shares Down 1.3% - Here's What Happened

Key Points

• Archer shares dipped 1.3% to $5.695 in midday trading with 20.38M shares traded—about 39% below average—and the stock sits below its 50‑day ($6.14) and 200‑day ($7.93) moving averages with a $4.24B market cap.
• The company missed quarterly expectations, reporting an EPS loss of ($0.26) versus estimates of ($0.17) and revenue of $0.30M versus $1.40M expected.
• Analysts maintain a consensus Moderate Buy rating with a $12.00 average price target, while insiders have recently sold shares and institutional investors now hold roughly 59% of the stock.

Archer Aviation Inc. (NYSE:ACHR - Get Free Report) shares traded down 1.3% during mid-day trading on Friday . The company traded as low as $5.59 and last traded at $5.6950. 20,378,262 shares traded hands during trading, a decline of 39% from the average session volume of 33,414,031 shares. The stock had previously closed at $5.77.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Archer Aviation in a research report on Monday. Needham & Company LLC dropped their price target on Archer Aviation from $10.00 to $9.00 and set a "buy" rating on the stock in a research report on Tuesday, March 3rd. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.00.

Archer Aviation Stock Down 1.3%

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 stock has a market capitalization of $4.24 billion, a PE ratio of -5.75 and a beta of 3.24. The business has a 50 day moving average of $6.14 and a two-hundred day moving average of $7.93.

Archer Aviation (NYSE:ACHR - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $0.30 million during the quarter, compared to analysts' expectations of $1.40 million. Archer Aviation's revenue was up 29900.0% compared to the same quarter last year. Analysts predict that Archer Aviation Inc. will post -1.51 EPS for the current year.

Insider Activity

In related news, CFO Priya Gupta sold 7,263 shares of the company's stock in a transaction on Friday, March 13th. The stock was 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 directly owned 178,512 shares in the company, valued at $1,119,270.24. This represents a 3.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CTO Thomas Paul Muniz sold 9,580 shares of the company's stock in a transaction on Friday, March 13th. The stock was sold at an average price of $6.27, for a total value of $60,066.60. Following the sale, the chief technology officer owned 1,352,208 shares of the company's stock, valued at $8,478,344.16. This trade represents a 0.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 255,750 shares of company stock worth $1,645,333 over the last ninety days. 7.65% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Archer Aviation

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Archer Aviation by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 54,676,158 shares of the company's stock valued at $411,165,000 after buying an additional 2,312,899 shares during the last quarter. ARK Investment Management LLC raised its stake in Archer Aviation by 12.4% in the fourth quarter. ARK Investment Management LLC now owns 35,170,701 shares of the company's stock valued at $264,484,000 after buying an additional 3,869,252 shares during the last quarter. State Street Corp raised its stake in Archer Aviation by 11.2% in the fourth quarter. State Street Corp now owns 32,773,136 shares of the company's stock valued at $246,454,000 after buying an additional 3,293,130 shares during the last quarter. Morgan Stanley raised its stake in Archer Aviation by 21.6% in the fourth quarter. Morgan Stanley now owns 15,717,522 shares of the company's stock valued at $118,196,000 after buying an additional 2,796,488 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Archer Aviation by 14.9% in the fourth quarter. Geode Capital Management LLC now owns 14,385,647 shares of the company's stock valued at $108,197,000 after buying an additional 1,867,648 shares during the last quarter. 59.34% of the stock is currently owned by hedge funds and other 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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