Archer Aviation (NYSE:ACHR - Get Free Report) announced its earnings results on Friday. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.05), Zacks reports. During the same period in the previous year, the business posted ($0.19) EPS.
Archer Aviation Stock Up 15.9 %
Shares of Archer Aviation stock traded up $0.62 on Monday, hitting $4.51. The stock had a trading volume of 48,850,715 shares, compared to its average volume of 12,990,410. The stock has a 50 day moving average of $3.19 and a 200 day moving average of $3.60. Archer Aviation has a twelve month low of $2.82 and a twelve month high of $7.01. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.49 and a current ratio of 4.49.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $10.00 price target on shares of Archer Aviation in a research note on Monday, October 7th. Benchmark reissued a "buy" rating and issued a $12.00 target price on shares of Archer Aviation in a research note on Friday, August 9th. JPMorgan Chase & Co. raised their target price on shares of Archer Aviation from $5.00 to $6.00 and gave the company an "overweight" rating in a research note on Wednesday, July 24th. Finally, HC Wainwright started coverage on shares of Archer Aviation in a research note on Tuesday, September 3rd. They issued a "buy" rating and a $12.50 target price for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $9.00.
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About Archer Aviation
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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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