Archer Aviation Inc. (NYSE:ACHR - Get Free Report) shares fell 1.9% during mid-day trading on Tuesday . The company traded as low as $5.88 and last traded at $5.9550. Approximately 26,644,969 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 38,250,473 shares. The stock had previously closed at $6.07.
Archer Aviation News Summary
Here are the key news stories impacting Archer Aviation this week:
- Positive Sentiment: Archer’s L.A. LIVE vertiport agreement gives the company a visible operating opportunity and supports its goal of launching air-taxi services in Los Angeles before the 2028 Olympics. The partnership may improve Archer’s commercial credibility by connecting its aircraft plans with a major entertainment and sports destination. Archer ramps up L.A. air-taxi plans with 2028 Olympics in sight
- Positive Sentiment: The company’s planned Los Angeles network expansion provides a more concrete commercialization timeline for its electric vertical takeoff and landing aircraft, potentially increasing investor confidence in future revenue opportunities. Archer Aviation expands L.A. air-taxi network
- Positive Sentiment: Archer’s ZEE AI model and planned acquisitions could broaden its addressable market beyond aircraft manufacturing by adding capabilities in autonomous flight, airspace intelligence and aviation software. Can Archer’s Aviation AI Strategy Expand Its Growth Opportunity?
- Neutral Sentiment: Investor comparisons with Joby Aviation and AST SpaceMobile highlight Archer’s airline partnerships and defense-related acquisitions, but also underscore that the company remains in a capital-intensive development phase. Archer Aviation vs. Joby Aviation
- Negative Sentiment: Despite the strategic announcements, Archer reported only $5 million in quarterly revenue and a $263.2 million net loss. Continued heavy cash consumption and the need to fund certification, manufacturing and network development remain significant risks. Exclusive L.A. LIVE Vertiport Deal
Wall Street Analyst Weigh In
A number of brokerages have issued reports on ACHR. Needham & Company LLC reaffirmed a "buy" rating and issued a $9.00 target price on shares of Archer Aviation in a report on Tuesday, August 11th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $11.00 price objective on shares of Archer Aviation in a report on Tuesday, August 11th. Barclays raised Archer Aviation to a "hold" rating in a report on Wednesday, July 29th. HC Wainwright reaffirmed a "buy" rating on shares of Archer Aviation in a research note on Tuesday, August 11th. Finally, Canaccord Genuity Group lowered their price objective on shares of Archer Aviation from $13.00 to $12.00 and set a "buy" rating on the stock in a research note on Tuesday, May 12th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $11.50.
Check Out Our Latest Stock Report on ACHR
Archer Aviation Stock Performance
The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of -5.51 and a beta of 3.20. The stock has a fifty day moving average price of $5.31 and a two-hundred day moving average price of $5.88. The company has a quick ratio of 10.21, a current ratio of 10.21 and a debt-to-equity ratio of 0.06.
Archer Aviation (NYSE:ACHR - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported ($0.34) EPS for the quarter, meeting analysts' consensus estimates of ($0.34). The company had revenue of $5.00 million for the quarter, compared to analyst estimates of $1.94 million. As a group, analysts forecast that Archer Aviation Inc. will post -1.37 EPS for the current fiscal year.
Insider Activity at Archer Aviation
In related news, CAO Harsh Rungta sold 13,880 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $6.41, for a total transaction of $88,970.80. Following the sale, the chief accounting officer owned 110,847 shares in the company, valued at approximately $710,529.27. This trade represents a 11.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Priya Gupta sold 10,015 shares of Archer Aviation stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $6.41, for a total transaction of $64,196.15. Following the completion of the sale, the chief financial officer directly owned 202,784 shares of the company's stock, valued at $1,299,845.44. The trade was a 4.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 180,411 shares of company stock valued at $1,141,141. Company insiders own 5.55% of the company's stock.
Institutional Investors Weigh In On Archer Aviation
A number of institutional investors have recently bought and sold shares of ACHR. Gould Capital LLC boosted its holdings in shares of Archer Aviation by 238.1% in the 4th quarter. Gould Capital LLC now owns 3,560 shares of the company's stock valued at $27,000 after purchasing an additional 2,507 shares during the last quarter. Strs Ohio acquired a new stake in shares of Archer Aviation during the 1st quarter worth $27,000. Caitong International Asset Management Co. Ltd raised its position in shares of Archer Aviation by 840.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,732 shares of the company's stock worth $28,000 after buying an additional 3,335 shares during the period. Modus Advisors LLC purchased a new position in shares of Archer Aviation in the 4th quarter worth $29,000. Finally, Basepoint Wealth LLC acquired a new position in Archer Aviation in the fourth quarter valued at $32,000. 59.34% of the stock is currently owned by hedge funds and other institutional investors.
About Archer Aviation
(
Get Free Report)
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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