Archer Aviation Inc. (NYSE:ACHR - Get Free Report) insider Tosha Perkins sold 33,335 shares of Archer Aviation stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $7.04, for a total transaction of $234,678.40. Following the completion of the transaction, the insider now directly owns 262,673 shares in the company, valued at $1,849,217.92. This represents a 11.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Tosha Perkins also recently made the following trade(s):
- On Tuesday, March 4th, Tosha Perkins sold 49,273 shares of Archer Aviation stock. The shares were sold at an average price of $7.70, for a total value of $379,402.10.
Archer Aviation Stock Down 10.7 %
Shares of ACHR stock traded down $0.75 during trading on Friday, hitting $6.20. 32,977,683 shares of the company were exchanged, compared to its average volume of 19,805,715. The business's 50-day simple moving average is $8.48 and its 200 day simple moving average is $6.97. Archer Aviation Inc. has a twelve month low of $2.82 and a twelve month high of $12.48. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of -4.69 and a beta of 3.14. The company has a debt-to-equity ratio of 0.16, a quick ratio of 6.03 and a current ratio of 6.03.
Archer Aviation (NYSE:ACHR - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.40) by $0.10. As a group, analysts forecast that Archer Aviation Inc. will post -1.32 EPS for the current fiscal year.
Institutional Trading of Archer Aviation
A number of institutional investors have recently bought and sold shares of the company. Moody National Bank Trust Division raised its stake in shares of Archer Aviation by 60.2% during the 1st quarter. Moody National Bank Trust Division now owns 168,134 shares of the company's stock worth $1,195,000 after purchasing an additional 63,184 shares in the last quarter. Wellington Management Group LLP acquired a new position in Archer Aviation in the fourth quarter worth approximately $15,912,000. California State Teachers Retirement System raised its position in Archer Aviation by 26.2% during the fourth quarter. California State Teachers Retirement System now owns 241,396 shares of the company's stock valued at $2,354,000 after acquiring an additional 50,104 shares in the last quarter. Total Wealth Planning & Management Inc. acquired a new stake in Archer Aviation in the fourth quarter valued at approximately $450,000. Finally, Infinitum Asset Management LLC bought a new stake in Archer Aviation in the fourth quarter worth approximately $10,844,000. Institutional investors and hedge funds own 59.34% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Archer Aviation from $11.00 to $15.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. HC Wainwright reaffirmed a "buy" rating and set a $12.50 price objective on shares of Archer Aviation in a research note on Friday, February 28th. Raymond James raised their target price on shares of Archer Aviation from $11.00 to $12.00 and gave the stock an "outperform" rating in a report on Friday, February 21st. JPMorgan Chase & Co. lowered shares of Archer Aviation from an "overweight" rating to a "neutral" rating and boosted their price target for the company from $6.00 to $9.00 in a report on Friday, January 10th. Finally, Canaccord Genuity Group raised their price objective on shares of Archer Aviation from $13.00 to $13.50 and gave the stock a "buy" rating in a research note on Friday, February 28th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $11.61.
Read Our Latest Stock Report on ACHR
About Archer Aviation
(
Get Free Report)
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.
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