Archer Aviation (NYSE:ACHR) Trading Down 2.1% - Here's Why

Key Points

• Archer Aviation (ACHR) shares fell about 2.1% to $5.745 intraday with ~29.2M shares traded (≈11% below average); the 50‑day and 200‑day moving averages are $6.02 and $7.62, respectively.
• EPS miss: Archer reported a quarterly loss of ($0.26) vs. ($0.17) expected and revenue of $0.30M (vs. $1.40M expected); analysts still show a "Moderate Buy" consensus with a $12 average target while Needham cut its target from $10 to $9.
• Insider selling has accelerated (CAO and CTO sold shares on March 5; insiders sold 255,750 shares worth ~$1.645M in the last 90 days), even as institutional investors own about 59.3% of the company.

Archer Aviation Inc. (NYSE:ACHR - Get Free Report)'s stock price dropped 2.1% during mid-day trading on Monday . The company traded as low as $5.70 and last traded at $5.7450. Approximately 29,235,101 shares were traded during trading, a decline of 11% from the average daily volume of 32,850,402 shares. The stock had previously closed at $5.87.

Analyst Ratings Changes

ACHR has been the subject of a number of recent research reports. Needham & Company LLC lowered their price objective on 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 reaffirmed a "sell (d-)" rating on shares of Archer Aviation in a report on Monday, April 20th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Archer Aviation presently has an average rating of "Moderate Buy" and a consensus target price of $12.00.

Archer Aviation Price Performance

The company has a quick ratio of 19.89, a current ratio of 19.89 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $4.28 billion, a PE ratio of -5.80 and a beta of 3.13. The firm's fifty day simple moving average is $6.02 and its 200-day simple moving average is $7.62.

Archer Aviation (NYSE:ACHR - Get Free Report) last posted its quarterly earnings results on Monday, March 2nd. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.09). The firm had revenue of $0.30 million during the quarter, compared to analysts' expectations of $1.40 million. Archer Aviation's revenue was up 29900.0% on a year-over-year basis. On average, research analysts forecast that Archer Aviation Inc. will post -1.51 earnings per share for the current fiscal year.

Insider Transactions at Archer Aviation

In other news, CAO Harsh Rungta sold 22,826 shares of the business's stock in a transaction that occurred on Thursday, March 5th. The shares were 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 $422,858.68. The trade was a 25.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Thomas Paul Muniz sold 94,725 shares of the business's stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $6.46, for a total transaction of $611,923.50. Following the transaction, the chief technology officer directly owned 1,345,430 shares of the company's stock, valued at $8,691,477.80. The trade was a 6.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 255,750 shares of company stock valued at $1,645,333. Insiders own 7.65% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Sumitomo Mitsui Trust Group Inc. increased its position in Archer Aviation by 21.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,914,191 shares of the company's stock valued at $59,515,000 after acquiring an additional 1,407,775 shares during the last quarter. AlphaQuest LLC increased its position in Archer Aviation by 3,207.5% during the third quarter. AlphaQuest LLC now owns 85,202 shares of the company's stock valued at $816,000 after acquiring an additional 82,626 shares during the last quarter. Generali Powszechne Towarzystwo Emerytalne purchased a new stake in Archer Aviation during the fourth quarter valued at $7,520,000. Teachers Retirement System of The State of Kentucky purchased a new stake in Archer Aviation during the third quarter valued at $816,000. Finally, QRG Capital Management Inc. purchased a new stake in Archer Aviation during the third quarter valued at $1,254,000. 59.34% of the stock is owned by hedge funds and other 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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