Archer Aviation (ACHR) Projected to Post Earnings on Thursday

Archer Aviation (NYSE:ACHR) is expected to post its quarterly earnings results after the market closes on Thursday, February 27th. Analysts expect Archer Aviation to post earnings of ($0.40) per share and revenue of $0.20 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Archer Aviation Stock Down 7.0 %

Shares of NYSE:ACHR opened at $7.77 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 6.03 and a current ratio of 6.03. The firm has a market capitalization of $3.30 billion, a P/E ratio of -5.88 and a beta of 3.14. The stock has a 50 day moving average price of $9.63 and a 200-day moving average price of $6.18. Archer Aviation has a 52-week low of $2.82 and a 52-week high of $12.48.

Insider Activity

In other news, General Counsel Eric Lentell sold 114,788 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $6.74, for a total transaction of $773,671.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder N.V. Stellantis purchased 751,879 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was bought at an average cost of $6.65 per share, with a total value of $4,999,995.35. Following the acquisition, the insider now owns 60,486,841 shares of the company’s stock, valued at approximately $402,237,492.65. The trade was a 1.26 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 1,057,729 shares of company stock valued at $8,473,770 in the last ninety days. Insiders own 9.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. HC Wainwright restated a “buy” rating and set a $12.50 price objective on shares of Archer Aviation in a research note on Monday, December 16th. Raymond James raised their target price on Archer Aviation from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Friday, February 21st. Cantor Fitzgerald lifted their target price on shares of Archer Aviation from $10.00 to $13.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft upped their price target on Archer Aviation from $11.00 to $15.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Canaccord Genuity Group decreased their target price on Archer Aviation from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Archer Aviation currently has an average rating of “Moderate Buy” and a consensus target price of $11.33.

About Archer Aviation

Archer Aviation Inc, together with its subsidiaries, engages in designs, develops, and operates electric vertical takeoff and landing aircraft for use in urban air mobility. The company was formerly known as Atlas Crest Investment Corp. and changed its name to Archer Aviation Inc The company is headquartered in San Jose, California.