In yesterday’s Wall Street session, Archer Aviation Inc (NYSE:ACHR) shares traded at $8.87, up 5.72% from the previous session.
ACHR stock price is now 80.92% away from the 50-day moving average and 114.75% away from the 200-day moving average. The market capitalization of the company currently stands at $4.41B.
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, Muniz Thomas Paul, Officer bought 50,000 shares of the company’s stock on Dec 16 ’24. The stock was bought for $450,000 at an average price of $9.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 12 ’24, Director Spellacy Michael sold 63,000 shares of the business’s stock. A total of $447,300 was realized by selling the stock at an average price of $7.10. This leaves the insider owning 191,513 shares of the company worth $1.7 million. A total of 31.77% 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 $4.7848 and a two-hundred day moving average price translates $4.10885 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.
