Archer Aviation (NYSE:ACHR) Stock Price Down 2.5% - Here's Why

Key Points

• Shares fell 2.5% to $8.64 mid-day with about 44.8 million shares traded (roughly 10% below average), and the stock is trading near its 50‑day moving average ($8.12) but below its 200‑day ($9.52).
• Analysts are broadly positive with six Buys, two Holds and one Sell, giving Archer a consensus rating of “Moderate Buy” and a consensus price target of $12.14.
• The company shows strong liquidity and low leverage (quick/current ratio 18.19; debt/equity 0.05) but remains unprofitable (trailing PE -6.86; last quarter EPS -$0.20; FY EPS forecast -1.32), and insiders have sold about 307,635 shares in the past three months.

Archer Aviation Inc. (NYSE:ACHR - Get Free Report)'s stock price traded down 2.5% during mid-day trading on Tuesday . The company traded as low as $8.45 and last traded at $8.6410. 44,826,216 shares were traded during trading, a decline of 10% from the average session volume of 49,801,707 shares. The stock had previously closed at $8.86.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ACHR shares. Cantor Fitzgerald reissued an "overweight" rating on shares of Archer Aviation in a report on Monday, November 24th. Canaccord Genuity Group upped their price target on shares of Archer Aviation from $12.00 to $13.00 and gave the company a "buy" rating in a research report on Friday, November 21st. The Goldman Sachs Group began coverage on shares of Archer Aviation in a research report on Monday, December 1st. They set a "neutral" rating and a $11.00 price objective on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $10.00 target price on shares of Archer Aviation in a report on Wednesday, January 14th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Archer Aviation in a research note on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Archer Aviation presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.14.

Archer Aviation Trading Down 2.5%

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's fifty day moving average price is $8.12 and its two-hundred day moving average price is $9.52. The firm has a market cap of $5.63 billion, a PE ratio of -6.86 and a beta of 3.10.

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

Insiders Place Their Bets

In other news, insider Tosha Perkins sold 45,018 shares of the company'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 $337,184.82. Following the transaction, the insider directly owned 334,632 shares of the company's stock, valued at $2,506,393.68. This represents a 11.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Priya Gupta sold 5,479 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $7.49, for a total transaction of $41,037.71. Following the completion of the transaction, the chief financial officer owned 161,523 shares of the company's stock, valued at $1,209,807.27. This represents a 3.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 307,635 shares of company stock valued at $2,367,936 in the last three months. 7.65% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio purchased a new stake in shares of Archer Aviation during the 1st quarter worth approximately $27,000. AlphaQuest LLC raised its holdings 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 purchasing an additional 2,375 shares during the last quarter. Johnson Investment Counsel Inc. acquired a new position in Archer Aviation during the third quarter worth $29,000. Bank of Jackson Hole Trust boosted its position in Archer Aviation by 45.9% during the third quarter. Bank of Jackson Hole Trust now owns 3,136 shares of the company's stock worth $30,000 after purchasing an additional 986 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Archer Aviation by 219.5% in the second 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 during the last quarter. 59.34% of the stock is 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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