Archer Aviation (NYSE:ACHR) Trading 1% Higher - Here's Why

Key Points

• Archer Aviation (NYSE:ACHR) traded up ~1% to $5.455 midday on Monday on volume of 17.16M shares—about 50% below its average session—leaving the stock below its 50‑day ($6.34) and 200‑day ($8.15) moving averages and with a market cap near $4.06B.
• The company missed quarterly expectations, reporting a ($0.26) EPS vs. consensus ($0.17) and revenue of $0.30M vs. $1.40M expected; analysts project a full‑year EPS of -1.32.
• Analysts give the stock a Moderate Buy rating with an average target of $12 (Needham cut its target to $9), while insiders have sold 255,750 shares (~$1.65M) in the past 90 days and now own 7.65% of the company.

Archer Aviation Inc. (NYSE:ACHR - Get Free Report)'s stock price traded up 1% during mid-day trading on Monday . The company traded as high as $5.55 and last traded at $5.4550. 17,163,151 shares were traded during mid-day trading, a decline of 50% from the average session volume of 34,468,148 shares. The stock had previously closed at $5.40.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Needham & Company LLC dropped their price target on shares of Archer Aviation from $10.00 to $9.00 and set a "buy" rating for the company in a research note on Tuesday, March 3rd. Weiss Ratings reiterated a "sell (d-)" rating on shares of Archer Aviation in a research note on Wednesday, January 21st. Five 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's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $12.00.

Archer Aviation Trading Up 1.0%

The company has a market cap of $4.06 billion, a price-to-earnings ratio of -5.51 and a beta of 3.24. The company has a debt-to-equity ratio of 0.05, a current ratio of 19.89 and a quick ratio of 19.89. The firm's fifty day moving average price is $6.34 and its 200-day moving average price is $8.15.

Archer Aviation (NYSE:ACHR - Get Free Report) last announced its quarterly earnings results on Monday, March 2nd. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.09). The firm had revenue of $0.30 million for the quarter, compared to the consensus estimate of $1.40 million. Archer Aviation's quarterly revenue was up 29900.0% on a year-over-year basis. On average, equities analysts expect that Archer Aviation Inc. will post -1.32 EPS for the current fiscal year.

Insider Buying and Selling

In other Archer Aviation news, CFO Priya Gupta sold 7,263 shares of the company's stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $6.27, for a total value of $45,539.01. Following the completion of the sale, the chief financial officer directly owned 178,512 shares of the company's stock, valued at approximately $1,119,270.24. This represents a 3.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tosha Perkins sold 10,949 shares of the company's stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $6.27, for a total transaction of $68,650.23. Following the completion of the sale, the insider directly owned 384,768 shares of the company's stock, valued at $2,412,495.36. The trade was a 2.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 255,750 shares of company stock worth $1,645,333 in the last ninety days. Insiders own 7.65% of the company's stock.

Institutional Investors Weigh In On Archer Aviation

Institutional investors and hedge funds have recently bought and sold shares of the business. Johnson Investment Counsel Inc. acquired a new stake in Archer Aviation in the 3rd quarter valued at about $29,000. Bank of Jackson Hole Trust lifted its holdings in Archer Aviation by 45.9% in the 3rd quarter. Bank of Jackson Hole Trust now owns 3,136 shares of the company's stock valued at $30,000 after acquiring an additional 986 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Archer Aviation by 105.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,318 shares of the company's stock valued at $36,000 after acquiring an additional 1,702 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in Archer Aviation in the 3rd quarter valued at about $33,000. Finally, Center for Financial Planning Inc. raised its holdings in Archer Aviation by 138.8% during the 3rd quarter. Center for Financial Planning Inc. now owns 3,510 shares of the company's stock worth $34,000 after buying an additional 2,040 shares during the period. 59.34% of the stock is owned by institutional investors and hedge funds.

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.