Archer Aviation (NYSE:ACHR) Trading Down 4.3% - Here's Why

Key Points

• Shares fell 4.3% to about $5.34 on Thursday with mid-day volume of ~22.99M (down 34% vs. average); analysts hold a "Moderate Buy" consensus with an average price target of $12 and Needham cutting its target from $10 to $9.
• Quarterly results missed estimates: Archer reported a ($0.26) EPS vs. consensus ($0.17) and revenue of $0.30M versus $1.40M expected, though revenue jumped materially year‑over‑year; analysts forecast -1.32 EPS for the year.
• Notable insider selling—executives sold 255,750 shares (~$1.65M) in the last quarter (insiders own 7.65%), while institutional investors hold roughly 59.3% of the stock.

Archer Aviation Inc. (NYSE:ACHR - Get Free Report) shares traded down 4.3% on Thursday . The company traded as low as $5.32 and last traded at $5.3410. 22,985,067 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 35,016,660 shares. The stock had previously closed at $5.58.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Needham & Company LLC lowered their price target on Archer Aviation from $10.00 to $9.00 and set a "buy" rating on the stock in a report on Tuesday, March 3rd. Weiss Ratings restated a "sell (d-)" rating on shares of Archer Aviation in a report on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $12.00.

Archer Aviation Trading Down 4.3%

The business has a fifty day simple moving average of $6.41 and a 200 day simple moving average of $8.22. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of -5.39 and a beta of 3.24. The company has a debt-to-equity ratio of 0.05, a quick ratio of 19.89 and a current ratio of 19.89.

Archer Aviation (NYSE:ACHR - Get Free Report) last announced its earnings results on Monday, March 2nd. The company reported ($0.26) EPS for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.09). The business had revenue of $0.30 million during the quarter, compared to analysts' expectations of $1.40 million. The business's revenue was up 29900.0% on a year-over-year basis. As a group, equities analysts anticipate that Archer Aviation Inc. will post -1.32 EPS for the current year.

Insider Activity

In other Archer Aviation news, CTO Thomas Paul Muniz sold 9,580 shares of the stock in a transaction on Friday, March 13th. The stock was sold at an average price of $6.27, for a total transaction of $60,066.60. Following the sale, the chief technology officer owned 1,352,208 shares in the company, valued at approximately $8,478,344.16. This represents a 0.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Eric Lentell sold 8,059 shares of the stock in a transaction on Friday, March 13th. The stock was sold at an average price of $6.27, for a total value of $50,529.93. Following the transaction, the insider directly owned 150,119 shares in the company, valued at approximately $941,246.13. This represents a 5.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 255,750 shares of company stock worth $1,645,333 in the last quarter. 7.65% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. J. Derek Lewis & Associates Inc. purchased a new position in shares of Archer Aviation during the 4th quarter worth $293,000. Fund Advisors of America Inc FL purchased a new position in shares of Archer Aviation in the 4th quarter worth $178,000. World Investment Advisors raised its position in shares of Archer Aviation by 37.7% in the 4th quarter. World Investment Advisors now owns 19,400 shares of the company's stock worth $146,000 after buying an additional 5,309 shares during the period. Corient Private Wealth LLC raised its position in shares of Archer Aviation by 20.9% in the 4th quarter. Corient Private Wealth LLC now owns 43,389 shares of the company's stock worth $327,000 after buying an additional 7,515 shares during the period. Finally, EMC Capital Management raised its position in shares of Archer Aviation by 22.5% in the 4th quarter. EMC Capital Management now owns 13,600 shares of the company's stock worth $102,000 after buying an additional 2,500 shares during the period. Hedge funds and other institutional investors own 59.34% of the company's stock.

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.

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