The price of Archer Aviation Inc. (NYSE:ACHR) shares last traded on Wall Street fell -3.18% to $3.04.
Based on available information, 5 analysts follow Archer Aviation Inc. (NYSE:ACHR). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $12.00 and a low of $5.00, we find $10.00. Given the previous closing price of $3.14, this indicates a potential upside of 218.47 percent. ACHR stock price is now 25.90% away from the 50-day moving average and 11.68% away from the 200-day moving average. The market capitalization of the company currently stands at $729.14M.
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Among analysts, 0 rate the stock a hold while 4 rate it a buy. Brokers who have rated the stock have averaged $9.40 as their price target over the next twelve months.
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In other news, Adcock Brett, 10% Owner sold 192,224 shares of the company’s stock on May 23. The stock was sold for $628,707 at an average price of $3.27. Upon completion of the transaction, the 10% Owner now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On May 22, 10% Owner Adcock Brett sold 1,718,829 shares of the business’s stock. A total of $5,605,101 was realized by selling the stock at an average price of $3.26. Insiders disposed of 7,786,585 shares of company stock worth roughly $23.67 million over the past 1 year. A total of 1.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ACHR stock. A new stake in Archer Aviation Inc. shares was purchased by KINGSVIEW WEALTH MANAGEMENT, LLC during the first quarter worth $389,000. RAYMOND JAMES & ASSOCIATES invested $320,000 in shares of ACHR during the first quarter. In the first quarter, EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in Archer Aviation Inc. valued at approximately $289,000. HRT FINANCIAL LP acquired a new stake in ACHR for approximately $259,000. ERGOTELES LLC purchased a new stake in ACHR valued at around $187,000 in the second quarter. In total, there are 172 active investors with 39.80% ownership of the company’s stock.
A candlestick chart of Archer Aviation Inc. (NYSE: ACHR) showed a price of $3.0500 on Wednesday morning. During the past 12 months, Archer Aviation Inc. has had a low of $1.62 and a high of $5.16. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 7.30, and a quick ratio of 7.30. The fifty day moving average price for ACHR is $2.4170 and a two-hundred day moving average price translates $2.7153 for the stock.
The latest earnings results from Archer Aviation Inc. (NYSE: ACHR) was released for Mar, 2023. According to the Aerospace & Defense Company, earnings per share came in at -$0.33, missing analysts’ expectations of -$0.31 by -0.02. This compares to -$0.25 EPS in the same period last year. The company reported revenue of $112.0 million for the quarter, compared to $65.3 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 71.52 percent.
Archer Aviation Inc.(ACHR) Company Profile
Archer Aviation Inc., an urban air mobility company, engages in designs, develops, manufactures, and operates electric vertical takeoff and landing aircrafts to carry passengers. The company was formerly known as Atlas Crest Investment Corp. and changed its name to Archer Aviation Inc. Archer Aviation Inc. was incorporated in 2018 and is headquartered in San Jose, California.
