Archer Aviation (NYSE:ACHR) Stock Price Down 6.8% - What's Next?

Key Points

• Archer stock fell 6.8% during mid-day trading to about $8.03 (low $8.00) on roughly 31.3M shares, below its average volume; the 50‑day moving average is $8.15 versus a 200‑day of $9.46.
• Analysts maintain a consensus "Moderate Buy" with a mean target of $12.14 (six Buys, two Holds, one Sell) although individual targets range roughly $8–$13 and some firms have trimmed targets.
• Insiders have been net sellers — the CTO sold 125,000 shares on Jan. 2 and insiders sold ~307,635 shares last quarter — while institutional investors own about 59.3% of the stock (large stakes held by Vanguard and ARK).

Archer Aviation Inc. (NYSE:ACHR - Get Free Report)'s share price dropped 6.8% during mid-day trading on Monday . The company traded as low as $8.00 and last traded at $8.0270. Approximately 31,285,062 shares traded hands during trading, a decline of 35% from the average daily volume of 47,833,836 shares. The stock had previously closed at $8.61.

Analyst Ratings Changes

ACHR has been the subject of several research analyst reports. Cantor Fitzgerald restated an "overweight" rating on shares of Archer Aviation in a research report on Monday, November 24th. Canaccord Genuity Group lifted their price objective on shares of Archer Aviation from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Friday, November 21st. Needham & Company LLC reiterated a "buy" rating and set a $10.00 price target on shares of Archer Aviation in a report on Wednesday, January 14th. JPMorgan Chase & Co. reduced their price objective on shares of Archer Aviation from $10.00 to $8.00 and set a "neutral" rating for the company in a research note on Friday, November 7th. Finally, The Goldman Sachs Group initiated coverage on shares of Archer Aviation in a research note on Monday, December 1st. They issued a "neutral" rating and a $11.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.14.

Archer Aviation Stock Performance

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's 50 day moving average is $8.15 and its 200 day moving average is $9.46.

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

Insider Transactions at Archer Aviation

In other news, CTO Thomas Paul Muniz sold 125,000 shares of the company's stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $8.00, for a total value of $1,000,000.00. Following the completion of the transaction, the chief technology officer owned 1,272,129 shares of the company's stock, valued at $10,177,032. This represents a 8.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Tosha Perkins sold 45,018 shares of the firm's 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 transaction, the insider owned 334,632 shares of the company's stock, valued at approximately $2,506,393.68. This trade represents a 11.86% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 307,635 shares of company stock worth $2,367,936. 7.65% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Archer Aviation

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Archer Aviation by 45.8% in the third quarter. Vanguard Group Inc. now owns 52,363,259 shares of the company's stock valued at $501,640,000 after purchasing an additional 16,452,398 shares during the period. ARK Investment Management LLC increased its stake in shares of Archer Aviation by 5.8% in the third quarter. ARK Investment Management LLC now owns 31,301,449 shares of the company's stock valued at $299,868,000 after buying an additional 1,715,945 shares during the period. Geode Capital Management LLC raised its position in shares of Archer Aviation by 44.1% during the second quarter. Geode Capital Management LLC now owns 11,991,714 shares of the company's stock worth $130,125,000 after acquiring an additional 3,671,753 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Archer Aviation by 21.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,914,191 shares of the company's stock worth $59,515,000 after acquiring an additional 1,407,775 shares during the period. Finally, Man Group plc boosted its holdings in Archer Aviation by 13,793.3% in the second quarter. Man Group plc now owns 4,212,722 shares of the company's stock valued at $45,708,000 after acquiring an additional 4,182,400 shares during the last quarter. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.