The stock of Archer Aviation Inc (NYSE:ACHR) last traded at $7.11, down -2.07% from the previous session.
ACHR stock price is now -18.26% away from the 50-day moving average and 21.18% away from the 200-day moving average. The market capitalization of the company currently stands at $3.86B.
With the price target enhanced from $6 to $9, JP Morgan Downgraded its rating from Overweight to Neutral for Archer Aviation Inc (NYSE: ACHR). On November 19, 2024, Needham recently initiated its ‘Buy’ rating on the stock quoting a target price of $11, while ‘H.C. Wainwright’ rates the stock as ‘Buy’
In other news, Lentell Eric, Officer bought 50,004 shares of the company’s stock on Mar 31 ’25. The stock was bought for $351,793 at an average price of $7.04. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 31 ’25, Officer Perkins Tosha bought 33,335 shares of the business’s stock. A total of $234,522 was incurred on buying the stock at an average price of $7.04. A total of 24.88% 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 $12.48. As of last week, the company has a debt-to-equity ratio of 0.10, a current ratio of 12.07, and a quick ratio of 12.07. The fifty day moving average price for ACHR is $8.6982 and a two-hundred day moving average price translates $5.86725 for the stock.
The latest earnings results from Archer Aviation Inc (NYSE: ACHR) was released for 2024-12-31. The company reported revenue of $124.2 million for the quarter, compared to $107.3 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.75 percent.
