Archer Aviation (NYSE:ACHR) Trading Down 1.8% - Time to Sell?

Key Points

• Archer shares fell about 1.8% to $6.30 mid‑day on heavy trading of ~59.5 million shares, a ~77% increase versus average volume.
• Analysts maintain a consensus "Moderate Buy" with an average target of $12, though Needham cut its target to $9 and ratings are mixed (5 Buy, 2 Hold, 1 Sell).
• The company posted a quarterly EPS miss (‑$0.26 vs. ‑$0.17 expected) and weak revenue ($0.30M vs. $1.40M est.), and insiders have been selling shares (255,750 shares worth ~$1.65M in the last quarter).

Archer Aviation Inc. (NYSE:ACHR - Get Free Report)'s stock price traded down 1.8% during mid-day trading on Thursday . The stock traded as low as $6.15 and last traded at $6.2950. 59,547,683 shares were traded during mid-day trading, an increase of 77% from the average session volume of 33,640,711 shares. The stock had previously closed at $6.41.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Needham & Company LLC lowered their price objective on shares of Archer Aviation from $10.00 to $9.00 and set a "buy" rating for the company in a research report on Tuesday, March 3rd. Weiss Ratings restated a "sell (d-)" rating on shares of Archer Aviation in a report on Monday, April 20th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Archer Aviation currently has a consensus rating of "Moderate Buy" and an average target price of $12.00.

Archer Aviation Stock Down 1.8%

The company has a debt-to-equity ratio of 0.05, a quick ratio of 19.89 and a current ratio of 19.89. The firm has a fifty day simple moving average of $5.99 and a 200-day simple moving average of $7.53. The company has a market capitalization of $4.69 billion, a PE ratio of -6.36 and a beta of 3.13.

Archer Aviation (NYSE:ACHR - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $0.30 million during the quarter, compared to the consensus estimate of $1.40 million. The company's quarterly revenue was up 29900.0% compared to the same quarter last year. Equities research analysts anticipate that Archer Aviation Inc. will post -1.51 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Priya Gupta sold 10,172 shares of the firm's stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $6.46, for a total transaction of $65,711.12. Following the transaction, the chief financial officer directly owned 171,754 shares in the company, valued at $1,109,530.84. This trade represents a 5.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Harsh Rungta sold 22,826 shares of Archer Aviation stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $6.46, for a total transaction of $147,455.96. Following the completion of the transaction, the chief accounting officer directly owned 65,458 shares of the company's stock, valued at approximately $422,858.68. This represents a 25.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 255,750 shares of company stock worth $1,645,333. 7.65% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ACHR. Gould Capital LLC raised its stake 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 acquiring an additional 2,507 shares during the period. Strs Ohio acquired a new stake in Archer Aviation during the first quarter worth about $27,000. Caitong International Asset Management Co. Ltd raised its stake in 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 worth $28,000 after acquiring an additional 3,335 shares during the period. Johnson Investment Counsel Inc. acquired a new stake in Archer Aviation during the third quarter worth about $29,000. Finally, Modus Advisors LLC acquired a new stake in Archer Aviation during the fourth quarter worth about $29,000. 59.34% of the stock is currently owned by institutional investors.

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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