Archer Aviation (NYSE:ACHR) Trading Up 1.1% - Time to Buy?

Key Points

• Archer shares rose about 1.1% to $5.84 on Tuesday with volume up ~58% (52.3M shares), trading below its 50‑day ($6.02) and 200‑day ($7.62) moving averages and carrying a market cap of $4.35 billion and a negative P/E.
• Analysts are mixed but the consensus is a Moderate Buy with an average price target of $12; Needham trimmed its target to $9, while the company recently missed quarterly EPS and revenue (EPS -$0.26 vs -$0.17 est., revenue $0.3M vs $1.4M est.).
• Insiders have been net sellers—255,750 shares (~$1.65M) sold in the past 90 days (insiders own 7.65%)—while institutional investors hold about 59.34% of the stock.

Shares of Archer Aviation Inc. (NYSE:ACHR - Get Free Report) were up 1.1% during trading on Tuesday . The stock traded as high as $5.86 and last traded at $5.8360. Approximately 52,287,534 shares were traded during trading, an increase of 58% from the average daily volume of 33,061,707 shares. The stock had previously closed at $5.77.

Wall Street Analyst Weigh In

Several equities analysts have commented on ACHR shares. 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 reiterated 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 issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $12.00.

Archer Aviation Stock Performance

The firm's 50 day moving average price is $6.02 and its 200-day moving average price is $7.62. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of -5.89 and a beta of 3.13. The company has a debt-to-equity ratio of 0.05, a current ratio of 19.89 and a quick ratio of 19.89.

Archer Aviation (NYSE:ACHR - Get Free Report) last announced 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 firm had revenue of $0.30 million for the quarter, compared to analyst estimates of $1.40 million. The business's quarterly revenue was up 29900.0% on a year-over-year basis. On average, analysts anticipate that Archer Aviation Inc. will post -1.51 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Priya Gupta sold 7,263 shares of the firm's stock in a transaction on Friday, March 13th. The stock was sold at an average price of $6.27, for a total value of $45,539.01. Following the completion of the transaction, the chief financial officer directly owned 178,512 shares of the company's stock, valued at $1,119,270.24. This trade represents a 3.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eric Lentell sold 8,059 shares of the firm's 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 completion of the transaction, the insider directly owned 150,119 shares of the company's stock, valued at approximately $941,246.13. This trade represents a 5.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 255,750 shares of company stock valued at $1,645,333 in the last 90 days. 7.65% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Jackson Hole Trust lifted its position in Archer Aviation by 45.9% in the third quarter. Bank of Jackson Hole Trust now owns 3,136 shares of the company's stock worth $30,000 after purchasing an additional 986 shares during the period. Prime Capital Investment Advisors LLC lifted its position in Archer Aviation by 2.5% in the third quarter. Prime Capital Investment Advisors LLC now owns 46,262 shares of the company's stock worth $443,000 after purchasing an additional 1,107 shares during the period. Farther Finance Advisors LLC lifted its position in Archer Aviation by 7.0% in the fourth quarter. Farther Finance Advisors LLC now owns 18,659 shares of the company's stock worth $140,000 after purchasing an additional 1,220 shares during the period. HighPoint Advisor Group LLC lifted its position in Archer Aviation by 3.6% in the third quarter. HighPoint Advisor Group LLC now owns 35,919 shares of the company's stock worth $344,000 after purchasing an additional 1,237 shares during the period. Finally, Clear Creek Financial Management LLC lifted its position in Archer Aviation by 2.9% in the third quarter. Clear Creek Financial Management LLC now owns 44,084 shares of the company's stock worth $422,000 after purchasing an additional 1,254 shares during the period. 59.34% of the stock is owned by institutional investors.

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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