Archer Aviation (NYSE:ACHR) Stock Price Down 4.2% - Time to Sell?

Key Points

• Stock down 4.2% intraday to about $6.93 with 28.35M shares traded (roughly 30% below the ~40.37M average), after a prior close of $7.23.
• Analyst sentiment is mixed but tilted positive: consensus is a "Moderate Buy" with an average price target of $12.14 (six Buys, two Holds, one Sell), while recent notes ranged from JPMorgan's $8 target to Canaccord's $13 and Goldman Sachs' $11 initial target.
• Insiders and fundamentals: the CTO sold 125,000 shares in January (insiders own ~7.65%), institutions hold ~59.3% of the stock, and the company has a $4.51B market cap, strong liquidity (current/quick ratios 18.19) but a negative P/E (-5.5).

Archer Aviation Inc. (NYSE:ACHR - Get Free Report)'s stock price fell 4.2% during mid-day trading on Friday . The company traded as low as $6.87 and last traded at $6.9250. 28,349,640 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 40,373,672 shares. The stock had previously closed at $7.23.

Wall Street Analysts Forecast Growth

ACHR has been the topic of several recent research reports. JPMorgan Chase & Co. cut their target price on Archer Aviation from $10.00 to $8.00 and set a "neutral" rating on the stock in a report on Friday, November 7th. Canaccord Genuity Group increased their price objective on Archer Aviation from $12.00 to $13.00 and gave the company a "buy" rating in a report on Friday, November 21st. The Goldman Sachs Group assumed coverage on Archer Aviation in a report on Monday, December 1st. They issued a "neutral" rating and a $11.00 target price for the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Archer Aviation in a research report on Wednesday, January 21st. Finally, Cantor Fitzgerald reissued an "overweight" rating on shares of Archer Aviation in a research report on Monday, November 24th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $12.14.

Archer Aviation Trading Down 4.2%

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 company has a market capitalization of $4.51 billion, a price-to-earnings ratio of -5.50 and a beta of 3.11. The business has a fifty day moving average price of $7.88 and a 200 day moving average price of $8.98.

Insiders Place Their Bets

In other Archer Aviation news, CTO Thomas Paul Muniz sold 125,000 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $8.00, for a total value of $1,000,000.00. Following the completion of the sale, the chief technology officer directly owned 1,272,129 shares of the company's stock, valued at $10,177,032. This represents a 8.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.65% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Gould Capital LLC grew its position in Archer Aviation by 238.1% during the fourth quarter. Gould Capital LLC now owns 3,560 shares of the company's stock worth $27,000 after buying an additional 2,507 shares in the last quarter. Strs Ohio bought a new stake in shares of Archer Aviation in the 1st quarter worth approximately $27,000. AlphaQuest LLC grew its holdings in shares of Archer Aviation by 1,181.6% during the 2nd quarter. AlphaQuest LLC now owns 2,576 shares of the company's stock worth $28,000 after purchasing an additional 2,375 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Archer Aviation by 840.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,732 shares of the company's stock valued at $28,000 after purchasing an additional 3,335 shares during the period. Finally, Johnson Investment Counsel Inc. acquired a new position in shares of Archer Aviation in the third quarter valued at $29,000. 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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