Archer Aviation (ACHR) to Release Earnings on Thursday

Archer Aviation (NYSE:ACHR) will be posting its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Archer Aviation to post earnings of ($0.24) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Archer Aviation (NYSE:ACHR) last posted its quarterly 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 Performance

NYSE ACHR opened at $3.24 on Tuesday. The firm has a market capitalization of $1.15 billion, a P/E ratio of -2.66 and a beta of 2.29. The stock has a 50-day simple moving average of $3.18 and a two-hundred day simple moving average of $3.61. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.49 and a current ratio of 4.49. Archer Aviation has a fifty-two week low of $2.82 and a fifty-two week high of $7.01.

Analyst Ratings Changes

A number of brokerages have recently commented on ACHR. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 price objective on shares of Archer Aviation in a research note on Monday, October 7th. HC Wainwright began coverage on Archer Aviation in a research report on Tuesday, September 3rd. They set a “buy” rating and a $12.50 target price on the stock. Benchmark reaffirmed a “buy” rating and issued a $12.00 price target on shares of Archer Aviation in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. raised their price objective on Archer Aviation from $5.00 to $6.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $9.00.

Insider Buying and Selling

In other news, major shareholder N.V. Stellantis acquired 2,982,089 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average cost of $3.35 per share, for a total transaction of $9,989,998.15. Following the acquisition, the insider now owns 59,734,962 shares in the company, valued at approximately $200,112,122.70. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 12.80% 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.