Archer Aviation (ACHR) Expected to Announce Quarterly Earnings on Thursday

Archer Aviation (NYSE:ACHR) is expected to be posting 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. Individual interested in registering for the company’s earnings conference call can do so using this link.

Archer Aviation Price Performance

ACHR opened at $8.39 on Tuesday. The firm has a market capitalization of $3.57 billion, a PE ratio of -6.35 and a beta of 3.13. The company has a debt-to-equity ratio of 0.16, a current ratio of 6.03 and a quick ratio of 6.03. The business’s 50-day moving average is $9.65 and its two-hundred day moving average is $6.15. Archer Aviation has a 1 year low of $2.82 and a 1 year high of $12.48.

Wall Street Analyst Weigh In

ACHR has been the topic of a number of analyst reports. Cantor Fitzgerald lifted their price objective on shares of Archer Aviation from $10.00 to $13.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $11.00 price target on shares of Archer Aviation in a report on Thursday, January 16th. Raymond James increased their price objective on Archer Aviation from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Friday. HC Wainwright reissued a “buy” rating and issued a $12.50 price objective on shares of Archer Aviation in a research report on Monday, December 16th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Archer Aviation from $11.00 to $15.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $11.33.

Insider Activity at Archer Aviation

In other news, CTO Thomas Paul Muniz sold 50,000 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $12.00, for a total value of $600,000.00. Following the sale, the chief technology officer now directly owns 1,070,360 shares of the company’s stock, valued at $12,844,320. This represents a 4.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Eric Lentell sold 114,788 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $6.74, for a total transaction of $773,671.12. The disclosure for this sale can be found here. Insiders have sold a total of 1,057,729 shares of company stock valued at $8,473,770 in the last ninety days. Company insiders own 9.75% of the company’s stock.

Archer Aviation Company Profile

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.