Archer Aviation (NYSE:ACHR) Shares Up 5.4% - Here's Why

Key Points

• Shares up 5.4% — Archer stock rose about 5.4% intraday to roughly $8.57 with ~53.8 million shares traded, about 9% above its average daily volume.
• Analysts maintain a consensus "Moderate Buy" with an average target of $12.14, reflecting mixed ratings (6 Buy, 2 Hold, 1 Sell) and recent price targets roughly in the $10–$13 range.
• Insiders have been net sellers (182,635 shares worth ~$1.37M over the past three months, including large November sales), while the company remains unprofitable (last quarter EPS −$0.20; analysts forecast −$1.32 for the year) and has a market cap of $5.58 billion.

Archer Aviation Inc. (NYSE:ACHR - Get Free Report) shares were up 5.4% during mid-day trading on Monday . The stock traded as high as $8.82 and last traded at $8.5650. Approximately 53,771,903 shares were traded during trading, an increase of 9% from the average daily volume of 49,450,141 shares. The stock had previously closed at $8.13.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ACHR. Needham & Company LLC dropped their price objective on shares of Archer Aviation from $13.00 to $10.00 and set a "buy" rating on the stock in a report on Friday, November 7th. Cantor Fitzgerald reiterated an "overweight" rating on shares of Archer Aviation in a report on Monday, November 24th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Archer Aviation in a report on Wednesday, October 8th. The Goldman Sachs Group began coverage on Archer Aviation in a research note on Monday, December 1st. They set a "neutral" rating and a $11.00 price objective on the stock. Finally, Canaccord Genuity Group increased their target price on Archer Aviation from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Friday, November 21st. Six 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $12.14.

Archer Aviation Price Performance

The firm has a market capitalization of $5.58 billion, a P/E ratio of -6.80 and a beta of 3.10. The company has a debt-to-equity ratio of 0.05, a current ratio of 18.19 and a quick ratio of 18.19. The firm's 50 day simple moving average is $8.41 and its two-hundred day simple moving average is $9.64.

Archer Aviation (NYSE:ACHR - Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.20) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.20). As a group, analysts predict that Archer Aviation Inc. will post -1.32 earnings per share for the current year.

Insider Transactions at Archer Aviation

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

Hedge Funds Weigh In On Archer Aviation

Several hedge funds have recently bought and sold shares of the company. AlphaQuest LLC increased its position in Archer Aviation by 1,181.6% during the second quarter. AlphaQuest LLC now owns 2,576 shares of the company's stock worth $28,000 after buying an additional 2,375 shares during the period. GAMMA Investing LLC increased its stake in Archer Aviation by 219.5% in the 2nd quarter. GAMMA Investing LLC now owns 2,946 shares of the company's stock valued at $32,000 after purchasing an additional 2,024 shares in the last quarter. Johnson Investment Counsel Inc. acquired a new position in shares of Archer Aviation during the 3rd quarter worth $29,000. Bank of Jackson Hole Trust lifted its holdings in shares of Archer Aviation by 45.9% in the third quarter. Bank of Jackson Hole Trust now owns 3,136 shares of the company's stock valued at $30,000 after purchasing an additional 986 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in Archer Aviation by 105.3% during the second quarter. Geneos Wealth Management Inc. now owns 3,318 shares of the company's stock worth $36,000 after buying an additional 1,702 shares in the last quarter. Institutional investors and hedge funds own 59.34% of the company's stock.

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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