Archer Aviation (NYSE:ACHR) Stock Price Up 3.8% - Should You Buy?

Key Points

• Shares rose 3.8% on Thursday to $7.2350 (intraday high $7.27) on ~36.97M shares traded, about 9% below the stock's average daily volume.
• The analyst consensus is a "Moderate Buy" (6 Buys, 2 Holds, 1 Sell) with an average price target of $12.14 and individual targets ranging roughly from $8 to $13.
• CTO Thomas Paul Muniz sold 125,000 shares at $8 (insiders now own 7.65%), while the company shows a $4.71B market cap, negative P/E (-5.74), 50‑day/200‑day moving averages of $7.91/$8.99, and a high beta of 3.11.

Shares of Archer Aviation Inc. (NYSE:ACHR - Get Free Report) rose 3.8% during trading on Thursday . The company traded as high as $7.27 and last traded at $7.2350. Approximately 36,967,774 shares were traded during trading, a decline of 9% from the average daily volume of 40,705,980 shares. The stock had previously closed at $6.97.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Needham & Company LLC reissued a "buy" rating and issued a $10.00 target price on shares of Archer Aviation in a report on Wednesday, January 14th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Archer Aviation in a research report on Wednesday, January 21st. JPMorgan Chase & Co. cut their price target on Archer Aviation from $10.00 to $8.00 and set a "neutral" rating for the company in a report on Friday, November 7th. Canaccord Genuity Group raised their price target on shares of Archer Aviation from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Friday, November 21st. Finally, The Goldman Sachs Group assumed coverage on Archer Aviation in a report on Monday, December 1st. They set a "neutral" rating and a $11.00 price objective on the stock. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $12.14.

Archer Aviation Stock Up 3.8%

The firm's 50-day moving average price is $7.91 and its 200-day moving average price is $8.99. 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 cap of $4.71 billion, a price-to-earnings ratio of -5.74 and a beta of 3.11.

Insider Buying and Selling

In other news, CTO Thomas Paul Muniz sold 125,000 shares of Archer Aviation stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $8.00, for a total transaction of $1,000,000.00. Following the sale, the chief technology officer owned 1,272,129 shares in the company, valued at $10,177,032. This trade represents a 8.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 7.65% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ACHR. Gould Capital LLC raised its position in shares of Archer Aviation by 238.1% in the 4th quarter. Gould Capital LLC now owns 3,560 shares of the company's stock valued at $27,000 after purchasing an additional 2,507 shares in the last quarter. Strs Ohio bought a new position in Archer Aviation during the 1st quarter valued at $27,000. AlphaQuest LLC increased its position in shares of Archer Aviation by 1,181.6% in 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 during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Archer Aviation by 840.1% in the 4th 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 in the last quarter. Finally, Johnson Investment Counsel Inc. acquired a new position in Archer Aviation in the third quarter worth about $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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