In yesterday’s Wall Street session, Archer Aviation Inc (NYSE:ACHR) shares traded at $7.82, down -5.56% from the previous session.
ACHR stock price is now 77.16% away from the 50-day moving average and 93.00% away from the 200-day moving average. The market capitalization of the company currently stands at $3.59B.
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With the price target of $11, Needham recently initiated with Buy rating for Archer Aviation Inc (NYSE: ACHR). On September 03, 2024, H.C. Wainwright recently initiated its ‘Buy’ rating on the stock quoting a target price of $12.50, while ‘Canaccord Genuity’ rates the stock as ‘Buy’
In other news, Lentell Eric, General Counsel and Secretary sold 114,788 shares of the company’s stock on Dec 04 ’24. The stock was sold for $773,671 at an average price of $6.74. Upon completion of the transaction, the General Counsel and Secretary 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 Dec 03 ’24, CHIEF PEOPLE PARTNERSHIPS OFF. Perkins Tosha sold 150,000 shares of the business’s stock. A total of $960,000 was realized by selling the stock at an average price of $6.40. This leaves the insider owning 197,355 shares of the company worth $1.54 million. A total of 36.84% of the company’s stock is owned by insiders.
During the past 12 months, Archer Aviation Inc has had a low of $2.82 and a high of $9.84. As of last week, the company has a debt-to-equity ratio of 0.17, a current ratio of 6.03, and a quick ratio of 6.03. The fifty day moving average price for ACHR is $4.3192 and a two-hundred day moving average price translates $4.0368 for the stock.
The latest earnings results from Archer Aviation Inc (NYSE: ACHR) was released for 2024-09-30. The company reported revenue of $122.1 million for the quarter, compared to $46.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 164.29 percent.
