Archer Aviation (NYSE:ACHR) Stock Price Up 8.2% - Here's Why

Key Points

• Archer stock jumped 8.2% on Friday to $8.135 on heavy trading—about 44.5 million shares, a ~41% increase versus average volume.
• Analyst views are mixed but the consensus is a “Moderate Buy” with an average price target of $12.14 (individual targets range roughly $8–$13 after recent revisions).
• Insiders have been selling recently (a total of 182,635 shares worth ~$1.37M in the last 90 days), insiders own 7.65% of the stock while institutional investors hold 59.34%.

Archer Aviation Inc. (NYSE:ACHR - Get Free Report) rose 8.2% during trading on Friday . The stock traded as high as $8.16 and last traded at $8.1350. Approximately 44,495,741 shares traded hands during trading, an increase of 41% from the average daily volume of 31,631,958 shares. The stock had previously closed at $7.52.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Needham & Company LLC lowered their price target on Archer Aviation from $13.00 to $10.00 and set a "buy" rating on the stock in a research report on Friday, November 7th. Weiss Ratings reissued a "sell (d-)" rating on shares of Archer Aviation in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lowered their target price on shares of 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 target 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. Finally, The Goldman Sachs Group assumed coverage on shares of Archer Aviation in a research report on Monday, December 1st. They issued a "neutral" rating and a $11.00 price objective for the company. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $12.14.

Archer Aviation Price Performance

The company has a market capitalization of $5.30 billion, a P/E ratio of -6.46 and a beta of 3.10. 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 price is $8.47 and its two-hundred day moving average price is $9.66.

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

Insider Transactions at Archer Aviation

In other Archer Aviation news, CTO Thomas Paul Muniz sold 90,648 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $7.49, for a total transaction of $678,953.52. Following the transaction, the chief technology officer owned 1,397,129 shares in the company, valued at $10,464,496.21. This trade represents a 6.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tosha Perkins sold 45,018 shares of Archer Aviation stock in a transaction on Monday, November 17th. The stock was sold at an average price of $7.49, for a total value of $337,184.82. Following the sale, 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 SEC filing for this sale provides additional information. Insiders have sold a total of 182,635 shares of company stock worth $1,367,936 in the last ninety days. 7.65% of the stock is currently owned by company insiders.

Institutional Trading of Archer Aviation

A number of institutional investors have recently bought and sold shares of ACHR. Allworth Financial LP grew its position in shares of Archer Aviation by 77.8% during the 3rd quarter. Allworth Financial LP now owns 5,225 shares of the company's stock worth $50,000 after purchasing an additional 2,286 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Archer Aviation by 47.3% in the third quarter. IFP Advisors Inc now owns 12,612 shares of the company's stock valued at $122,000 after buying an additional 4,050 shares during the period. Swiss Life Asset Management Ltd grew its position in Archer Aviation by 71.7% during the third quarter. Swiss Life Asset Management Ltd now owns 24,214 shares of the company's stock worth $232,000 after buying an additional 10,109 shares in the last quarter. Cantor Fitzgerald L. P. grew its position in Archer Aviation by 395.3% during the third quarter. Cantor Fitzgerald L. P. now owns 44,300 shares of the company's stock worth $424,000 after buying an additional 59,300 shares in the last quarter. Finally, CIBC Bancorp USA Inc. bought a new position in Archer Aviation during the 3rd quarter worth $563,000. Institutional investors 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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