Archer Aviation (NYSE:ACHR) Shares Up 4.3% - Here's Why

Key Points

• Shares up 4.3% — Archer climbed to $8.16 on Friday (intraday high $8.25) with ~31.1M shares traded (down 21% vs. average); the company has a market cap of $5.31B and 50/200-day moving averages of $9.27/$9.84.
• Analyst views are mixed but consensus is a “Moderate Buy” with a $12.14 average price target; several firms have cut targets recently (Needham $13→$10, JPMorgan $10→$8) while Goldman started coverage at neutral with an $11 target.
• Insider selling has been notable — insiders sold 182,635 shares last quarter (including Tosha Perkins and Eric Lentell), reducing insider ownership to 7.65%, while institutional ownership stands at 59.34% with Vanguard and others increasing stakes.

Archer Aviation Inc. (NYSE:ACHR - Get Free Report) shares were up 4.3% during trading on Friday . The company traded as high as $8.25 and last traded at $8.16. Approximately 31,086,073 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 39,532,246 shares. The stock had previously closed at $7.82.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Needham & Company LLC decreased their target price on Archer Aviation from $13.00 to $10.00 and set a "buy" rating on the stock in a research report on Friday, November 7th. The Goldman Sachs Group started coverage on shares of Archer Aviation in a research report on Monday, December 1st. They set a "neutral" rating and a $11.00 price target on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Archer Aviation in a report on Wednesday, October 8th. Cantor Fitzgerald restated an "overweight" rating on shares of Archer Aviation in a research report on Monday, November 24th. Finally, JPMorgan Chase & Co. cut their price target on Archer Aviation from $10.00 to $8.00 and set a "neutral" rating for the company in a research note on Friday, November 7th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.14.

Archer Aviation Stock Up 4.3%

The company has a market cap of $5.31 billion, a P/E ratio of -6.48 and a beta of 3.10. The company has a quick ratio of 18.19, a current ratio of 18.19 and a debt-to-equity ratio of 0.05. The company has a fifty day moving average of $9.27 and a 200 day moving average of $9.84.

Archer Aviation (NYSE:ACHR - Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.20) EPS for the quarter, meeting the consensus estimate of ($0.20). On average, research analysts anticipate that Archer Aviation Inc. will post -1.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Archer Aviation news, insider Tosha Perkins sold 45,018 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $7.49, for a total transaction of $337,184.82. Following the completion of the sale, the insider directly owned 334,632 shares of the company's stock, valued at $2,506,393.68. This trade represents a 11.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Eric Lentell sold 41,490 shares of the firm's stock in a transaction on Monday, November 17th. The shares were sold at an average price of $7.49, for a total transaction of $310,760.10. Following the transaction, the insider directly owned 83,733 shares of the company's stock, valued at $627,160.17. The trade was a 33.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 182,635 shares of company stock valued at $1,367,936. Insiders own 7.65% of the company's stock.

Institutional Investors Weigh In On Archer Aviation

Several institutional investors have recently modified their holdings of ACHR. Vanguard Group Inc. lifted its position in Archer Aviation by 19.7% in the first quarter. Vanguard Group Inc. now owns 19,729,296 shares of the company's stock worth $140,275,000 after buying an additional 3,249,106 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Archer Aviation by 36.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,105,423 shares of the company's stock worth $22,080,000 after buying an additional 827,893 shares during the period. Deutsche Bank AG boosted its holdings in Archer Aviation by 23.9% during the 1st quarter. Deutsche Bank AG now owns 258,261 shares of the company's stock valued at $1,836,000 after acquiring an additional 49,762 shares during the period. Raymond James Financial Inc. grew its position in Archer Aviation by 13.3% in the 1st quarter. Raymond James Financial Inc. now owns 842,433 shares of the company's stock valued at $5,990,000 after acquiring an additional 98,966 shares during the last quarter. Finally, Algert Global LLC bought a new stake in shares of Archer Aviation during the first quarter worth $1,527,000. 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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