Archer Aviation (ACHR) Set to Announce Earnings on Thursday

Archer Aviation (NYSE:ACHR - Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.25) per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Archer Aviation (NYSE:ACHR - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported ($0.31) EPS for the quarter, beating the consensus estimate of ($0.38) by $0.07. On average, analysts expect Archer Aviation to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Archer Aviation Stock Down 4.1 %

Shares of ACHR stock traded down $0.13 on Thursday, hitting $3.15. The stock had a trading volume of 13,302,186 shares, compared to its average volume of 7,703,708. The business has a 50 day moving average of $3.22 and a 200 day moving average of $3.63. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -2.58 and a beta of 2.31. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.49 and a quick ratio of 4.49. Archer Aviation has a 12-month low of $2.82 and a 12-month high of $7.01.

Insider Buying and Selling

In other Archer Aviation news, major shareholder N.V. Stellantis bought 2,982,089 shares of Archer Aviation stock in a transaction dated Thursday, August 8th. The stock was purchased at an average price of $3.35 per share, for a total transaction of $9,989,998.15. Following the completion of the purchase, the insider now directly owns 59,734,962 shares of the company's stock, valued at approximately $200,112,122.70. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 12.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ACHR has been the subject of several analyst reports. Benchmark reiterated a "buy" rating and issued a $12.00 target price on shares of Archer Aviation in a report on Friday, August 9th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $10.00 target price on shares of Archer Aviation in a report on Monday, October 7th. JPMorgan Chase & Co. raised their price objective on shares of Archer Aviation from $5.00 to $6.00 and gave the stock an "overweight" rating in a report on Wednesday, July 24th. Finally, HC Wainwright started coverage on shares of Archer Aviation in a report on Tuesday, September 3rd. They set a "buy" rating and a $12.50 price objective for the company. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $9.00.

Archer Aviation Company Profile

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.