Archer Aviation (NYSE:ACHR) Stock Price Down 2% - Time to Sell?

Key Points

• Shares fell about 2% to $6.03 on Friday with volume of ~23.1M shares (down 39% from average), leaving the stock below its 50‑day ($7.55) and 200‑day ($8.66) moving averages and a market cap of $3.92B.
• The company reported an earnings miss (Q EPS -$0.26 vs. -$0.17 estimate) and revenue of $0.3M vs. $1.4M expected, while analysts maintain a consensus rating of “Moderate Buy” with a $12 average price target.
• Insiders sold a total of 344,899 shares (~$2.42M) last quarter—reducing several positions—while institutional investors own about 59.34% of the stock.

Shares of Archer Aviation Inc. (NYSE:ACHR - Get Free Report) dropped 2% during trading on Friday . The company traded as low as $5.97 and last traded at $6.0250. Approximately 23,097,456 shares were traded during trading, a decline of 39% from the average daily volume of 37,694,691 shares. The stock had previously closed at $6.15.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ACHR. Canaccord Genuity Group increased their price objective on shares of Archer Aviation from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday, November 21st. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Archer Aviation in a research note on Wednesday, January 21st. The Goldman Sachs Group started coverage on Archer Aviation in a research note on Monday, December 1st. They set a "neutral" rating and a $11.00 price target for the company. Needham & Company LLC dropped their price objective on Archer Aviation from $10.00 to $9.00 and set a "buy" rating for the company in a report on Tuesday, March 3rd. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Archer Aviation in a research report on Monday, November 24th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $12.00.

Archer Aviation Stock Performance

The company has a market capitalization of $3.92 billion, a PE ratio of -6.09 and a beta of 3.10. The firm's 50-day simple moving average is $7.55 and its 200-day simple moving average is $8.66. The company has a current ratio of 19.89, a quick ratio of 19.89 and a debt-to-equity ratio of 0.05.

Archer Aviation (NYSE:ACHR - Get Free Report) last posted its quarterly earnings results on Monday, March 2nd. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.09). The firm 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. On average, research analysts predict that Archer Aviation Inc. will post -1.32 earnings per share for the current year.

Insider Buying and Selling at Archer Aviation

In other Archer Aviation news, insider Eric Lentell sold 37,390 shares of the company's stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $6.46, for a total value of $241,539.40. Following the completion of the sale, the insider directly owned 139,483 shares in the company, valued at approximately $901,060.18. This represents a 21.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Thomas Paul Muniz sold 94,725 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $6.46, for a total value of $611,923.50. Following the transaction, the chief technology officer directly owned 1,345,430 shares in the company, valued at $8,691,477.80. The trade was a 6.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 344,899 shares of company stock worth $2,420,548 over the last quarter. Insiders own 7.65% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC bought a new position in shares of Archer Aviation during the first quarter valued at approximately $293,000. Integrated Wealth Concepts LLC raised its stake in Archer Aviation by 11.1% in the first quarter. Integrated Wealth Concepts LLC now owns 13,770 shares of the company's stock worth $98,000 after buying an additional 1,373 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Archer Aviation by 44.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 192,164 shares of the company's stock worth $1,366,000 after buying an additional 59,317 shares during the period. NewEdge Advisors LLC boosted its position in Archer Aviation by 5.1% during the 1st quarter. NewEdge Advisors LLC now owns 35,739 shares of the company's stock valued at $254,000 after acquiring an additional 1,738 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Archer Aviation by 51.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 844,017 shares of the company's stock valued at $6,001,000 after acquiring an additional 285,414 shares in the last quarter. Hedge funds and other institutional investors own 59.34% of the company's stock.

Archer Aviation Company Profile

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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