Archer Aviation Inc (NYSE:ACHR) shares traded 0.27% higher at $10.95 on Wall Street last session.
ACHR stock price is now 26.50% away from the 50-day moving average and 60.90% away from the 200-day moving average. The market capitalization of the company currently stands at $6.01B.
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, Muniz Thomas Paul, CHIEF TECHNOLOGY OFFICER sold 80,919 shares of the company’s stock on May 16 ’25. The stock was sold for $1,050,968 at an average price of $12.99. Upon completion of the transaction, the CHIEF TECHNOLOGY OFFICER now directly owns 1,253,294 shares in the company, valued at $13.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 16 ’25, CHIEF PEOPLE PARTNERSHIPS OFF. Perkins Tosha sold 40,186 shares of the business’s stock. A total of $521,932 was realized by selling the stock at an average price of $12.99. This leaves the insider owning 256,799 shares of the company worth $2.81 million. A total of 24.96% 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 $13.92. As of last week, the company has a debt-to-equity ratio of 0.08, a current ratio of 15.80, and a quick ratio of 15.80.
The company reported revenue of $144.0 million for the quarter, compared to $142.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.27 percent. For the current quarter, analysts expect ACHR to generate $200k in revenue.
