In yesterday’s Wall Street session, Archer Aviation Inc (NYSE:ACHR) shares traded at $10.85, up 3.63% from the previous session.
ACHR stock price is now 9.16% away from the 50-day moving average and 43.56% away from the 200-day moving average. The market capitalization of the company currently stands at $6.88B.
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 95,896 shares of the company’s stock on Jun 30 ’25. The stock was bought for $1,016,498 at an average price of $10.60. An SEC document containing details of the transaction can be found on the SEC’s website. On May 16 ’25, CHIEF TECHNOLOGY OFFICER Muniz Thomas Paul sold 80,919 shares of the business’s stock. A total of $1,050,968 was realized by selling the stock at an average price of $12.99. This leaves the insider owning 1,253,294 shares of the company worth $13.6 million. A total of 18.59% 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.
