Archer Aviation Inc. (NYSE:ACHR) Receives $12.14 Consensus Price Target from Brokerages

Archer Aviation Inc. (NYSE:ACHR) has been given an average rating of “Moderate Buy” by the nine ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $12.1429.

Several research analysts have recently issued reports on ACHR shares. Canaccord Genuity Group increased their price objective on shares of Archer Aviation from $12.00 to $13.00 and gave the company a “buy” rating in a report on Friday, November 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Archer Aviation in a research note on Wednesday, January 21st. Cantor Fitzgerald reissued an “overweight” rating on shares of Archer Aviation in a research note on Monday, November 24th. The Goldman Sachs Group initiated coverage on Archer Aviation in a report on Monday, December 1st. They issued a “neutral” rating and a $11.00 price objective for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 target price on shares of Archer Aviation in a report on Wednesday, January 14th.

Insider Buying and Selling at Archer Aviation

In other news, CTO Thomas Paul Muniz sold 125,000 shares of Archer Aviation stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $8.00, for a total value of $1,000,000.00. Following the transaction, the chief technology officer owned 1,272,129 shares of the company’s stock, valued at $10,177,032. The trade was a 8.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 7.65% of the company’s stock.

Institutional Trading of Archer Aviation

Large investors have recently added to or reduced their stakes in the business. Gould Capital LLC increased its holdings in shares of Archer Aviation by 238.1% in the fourth quarter. Gould Capital LLC now owns 3,560 shares of the company’s stock valued at $27,000 after buying an additional 2,507 shares in the last quarter. Strs Ohio acquired a new position in shares of Archer Aviation in the 1st quarter worth $27,000. AlphaQuest LLC grew its holdings in shares of Archer Aviation by 1,181.6% in the 2nd quarter. AlphaQuest LLC now owns 2,576 shares of the company’s stock worth $28,000 after acquiring an additional 2,375 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Archer Aviation by 840.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,732 shares of the company’s stock worth $28,000 after purchasing an additional 3,335 shares during the period. Finally, Johnson Investment Counsel Inc. purchased a new stake in shares of Archer Aviation during the third quarter valued at $29,000. 59.34% of the stock is currently owned by institutional investors.

Archer Aviation Stock Performance

Shares of ACHR opened at $6.78 on Thursday. The firm has a 50-day moving average price of $7.97 and a 200 day moving average price of $9.03. The firm has a market capitalization of $4.41 billion, a PE ratio of -5.38 and a beta of 3.12. The company has a quick ratio of 18.19, a current ratio of 18.19 and a debt-to-equity ratio of 0.05. Archer Aviation has a 52-week low of $5.48 and a 52-week high of $14.62.

About Archer Aviation

Archer Aviation, Inc (NYSE: ACHR) is a California-based aerospace company developing electric vertical takeoff and landing (eVTOL) aircraft designed to serve as sustainable urban air mobility solutions. Founded in 2018 by Adam Goldstein and Brett Adcock, Archer focuses on the design, development and certification of zero-emissions air taxis aimed at reducing traffic congestion in densely populated metropolitan areas. The company’s flagship prototypes, “Maker” and “Midnight,” have been engineered to deliver quiet, efficient short-haul flights with ranges of up to 100 miles per charge.

Headquartered in Palo Alto, California, Archer operates a manufacturing facility in nearby Santa Cruz County and maintains research partnerships with automotive and energy companies, including a collaboration with Stellantis to integrate advanced battery systems.