Archer Aviation (NYSE:ACHR) Stock Price Up 3.4% - Here's Why

Key Points

• Archer shares rose 3.4% to $4.87, while trading volume was 22% below its average.
• The company received an FAA market survey certificate enabling Midnight operations in Los Angeles—a step toward piloted flights, but not final type certification or full commercial-service approval. Archer was also selected as Los Angeles’ air-taxi operator for the 2028 Olympics.
• Quarterly revenue of $5.1 million beat estimates, but its $0.35-per-share loss was slightly wider than expected and losses increased year over year. Several analysts cut price targets while retaining Buy ratings; the consensus rating is Moderate Buy.

Archer Aviation Inc. (NYSE:ACHR - Get Free Report) shares were up 3.4% on Wednesday. The stock traded as high as $5.07 and last traded at $4.8680. Approximately 27,079,158 shares were traded during trading, a decline of 22% from the average daily volume of 34,593,637 shares. The stock had previously closed at $4.71.

Archer Aviation News Summary

Here's some of the latest news about ACHR:

• Positive Sentiment: Archer received an FAA market survey certificate that enables Midnight operations in Los Angeles, an important step toward piloted flights. The company has also been selected as Los Angeles’ air taxi operator for the 2028 Olympics. This is a milestone, but not final type certification or full commercial passenger-service approval. Archer Aviation Wins FAA Clearance in Los Angeles
• Neutral Sentiment: Analysts trimmed price targets but mostly retained favorable ratings: Canaccord lowered its target to $9.50 from $12 and kept Buy; Cantor cut to $10, Needham to $7, while H.C. Wainwright maintained $18. The targets imply substantial potential upside from recent levels, but the reductions reflect more cautious expectations. Wall Street Sees Upside for Archer Stock, but Cuts Targets
• Negative Sentiment: Q3 loss per share was $0.35, slightly worse than the $0.34 consensus, and losses widened year over year. Revenue of $5.1 million beat estimates, but ongoing cash burn and the need to complete further FAA certification remain key risks ahead of planned passenger service in 2027. Why Archer Aviation Stock Took a Dive

Analyst Ratings Changes

Several analysts have commented on ACHR shares. Needham & Company LLC decreased their price target on shares of Archer Aviation from $9.00 to $7.00 and set a "buy" rating on the stock in a research note on Tuesday. Canaccord Genuity Group cut their price objective on Archer Aviation from $12.00 to $9.50 and set a "buy" rating for the company in a research report on Wednesday. Barclays raised Archer Aviation from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $4.50 to $8.00 in a report on Friday, October 9th. UBS Group reiterated an "overweight" rating on shares of Archer Aviation in a research report on Tuesday, August 11th. Finally, HC Wainwright reissued a "buy" rating on shares of Archer Aviation in a research note on Tuesday, August 11th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $10.58.

Archer Aviation Trading Up 3.4%

The company has a quick ratio of 10.21, a current ratio of 10.21 and a debt-to-equity ratio of 0.06. The stock's 50 day moving average is $4.83 and its 200-day moving average is $5.69. The company has a market cap of $3.75 billion, a PE ratio of -3.96 and a beta of 3.59.

Archer Aviation (NYSE:ACHR - Get Free Report) last issued its quarterly earnings data on Monday, November 9th. The company reported ($0.35) EPS for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.01). The business had revenue of $5.10 million during the quarter, compared to analysts' expectations of $3.57 million. Archer Aviation had a negative return on equity of 44.78% and a negative net margin of 7,869.17%. During the same period in the previous year, the business earned ($0.20) earnings per share. As a group, sell-side analysts anticipate that Archer Aviation Inc. will post -1.37 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Harsh Rungta sold 13,880 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $6.41, for a total value of $88,970.80. Following the completion of the sale, the chief accounting officer directly owned 110,847 shares of the company's stock, valued at $710,529.27. This trade represents a 11.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 value of $64,196.15. Following the completion of the transaction, the chief financial officer owned 202,784 shares of the company's stock, valued at approximately $1,299,845.44. This trade represents a 4.71% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 176,657 shares of company stock valued at $1,122,371 over the last ninety days. 5.55% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Voya Investment Management LLC boosted its stake in shares of Archer Aviation by 48.2% during the 3rd quarter. Voya Investment Management LLC now owns 10,118,847 shares of the company's stock worth $50,291,000 after purchasing an additional 3,289,910 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Archer Aviation by 7.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,072,347 shares of the company's stock valued at $40,120,000 after buying an additional 549,998 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Archer Aviation by 703.3% in the first quarter. Renaissance Technologies LLC now owns 2,514,300 shares of the company's stock worth $12,999,000 after buying an additional 2,201,300 shares during the period. Bank of America Corp DE raised its holdings in shares of Archer Aviation by 33.2% in the first quarter. Bank of America Corp DE now owns 2,136,942 shares of the company's stock worth $11,048,000 after buying an additional 532,762 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of Archer Aviation during the 2nd quarter worth approximately $10,190,000. Institutional investors own 59.34% of the company's stock.

About Archer Aviation

Archer Aviation is an aerospace company based in San Jose, California, that develops electric vertical takeoff and landing (eVTOL) aircraft and related services. Its aircraft are designed for short passenger trips, including potential air taxi routes between urban areas and nearby airports. The company's primary aircraft is Midnight, a piloted eVTOL designed to carry four passengers and a pilot. Archer is working to bring the aircraft to commercial service, subject to regulatory approvals, and is pursuing operations in the United States and international markets.

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