Archer Aviation (ACHR) Expected to Announce Earnings on Thursday

Archer Aviation (NYSE:ACHR) is expected to issue its quarterly earnings data after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of ($0.40) per share and revenue of $0.20 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Archer Aviation Stock Performance

NYSE ACHR opened at $8.39 on Tuesday. The business’s 50 day moving average price is $9.65 and its 200-day moving average price is $6.15. Archer Aviation has a fifty-two week low of $2.82 and a fifty-two week high of $12.48. The company has a market cap of $3.57 billion, a P/E ratio of -6.35 and a beta of 3.13. The company has a debt-to-equity ratio of 0.16, a quick ratio of 6.03 and a current ratio of 6.03.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Cantor Fitzgerald boosted their price objective on shares of Archer Aviation from $10.00 to $13.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Needham & Company LLC reissued a “buy” rating and issued a $11.00 price objective on shares of Archer Aviation in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Archer Aviation from $11.00 to $15.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. JPMorgan Chase & Co. cut Archer Aviation from an “overweight” rating to a “neutral” rating and upped their target price for the company from $6.00 to $9.00 in a research note on Friday, January 10th. Finally, Canaccord Genuity Group decreased their price target on Archer Aviation from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $11.33.

Insider Activity at Archer Aviation

In other Archer Aviation news, insider Tosha Perkins sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $6.40, for a total transaction of $960,000.00. Following the transaction, the insider now owns 197,355 shares of the company’s stock, valued at approximately $1,263,072. This trade represents a 43.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Eric Lentell sold 114,788 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $6.74, for a total transaction of $773,671.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,057,729 shares of company stock worth $8,473,770. Company insiders own 9.75% of the company’s stock.

About Archer Aviation

Archer Aviation Inc, together with its subsidiaries, engages in designs, develops, and operates electric vertical takeoff and landing aircraft for use in urban air mobility. The company was formerly known as Atlas Crest Investment Corp. and changed its name to Archer Aviation Inc The company is headquartered in San Jose, California.