In yesterday’s Wall Street session, Archer Aviation Inc (NYSE:ACHR) shares traded at $10.06, down -10.02% from the previous session.
ACHR stock price is now 64.35% away from the 50-day moving average and 130.45% away from the 200-day moving average. The market capitalization of the company currently stands at $4.22B.
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, Spellacy Michael, Director sold 278,487 shares of the company’s stock on Dec 18 ’24. The stock was sold for $2,784,870 at an average price of $10.00. Upon completion of the transaction, the Director now directly owns 1,162,183 shares in the company, valued at $11.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 18 ’24, Director Spellacy Michael sold 191,513 shares of the business’s stock. A total of $1,915,130 was realized by selling the stock at an average price of $10.00. A total of 31.70% 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 $11.69. 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 $5.9838 and a two-hundred day moving average price translates $4.3395 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.
