The price of Archer Aviation Inc (NYSE:ACHR) shares last traded on Wall Street rose 0.57% to $8.81.
ACHR stock price is now 12.61% away from the 50-day moving average and 37.98% away from the 200-day moving average. The market capitalization of the company currently stands at $4.84B.
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, Perkins Tosha, CHIEF PEOPLE PARTNERSHIPS OFF. sold 50,000 shares of the company’s stock on May 01 ’25. The stock was sold for $423,500 at an average price of $8.47. Upon completion of the transaction, the CHIEF PEOPLE PARTNERSHIPS OFF. now directly owns 212,673 shares in the company, valued at $1.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 01 ’25, Officer Perkins Tosha bought 50,000 shares of the business’s stock. A total of $423,500 was incurred on buying the stock at an average price of $8.47. A total of 24.90% 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 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.
