In yesterday’s Wall Street session, Archer Aviation Inc (NYSE:ACHR) shares traded at $3.41, up 10.00% from the previous session.
ACHR stock price is now 5.21% away from the 50-day moving average and -15.02% away from the 200-day moving average. The market capitalization of the company currently stands at $1.21B.
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With the price target of $12.50, H.C. Wainwright recently initiated with Buy rating for Archer Aviation Inc (NYSE: ACHR). On June 09, 2023, Canaccord Genuity recently initiated its ‘Buy’ rating on the stock quoting a target price of $9, while ‘Raymond James’ rates the stock as ‘Outperform’
In other news, Muniz Thomas Paul, Officer bought 91,425 shares of the company’s stock on Aug 19 ’24. The stock was bought for $341,783 at an average price of $3.74. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 19 ’24, Officer Perkins Tosha bought 44,575 shares of the business’s stock. A total of $166,639 was incurred on buying the stock at an average price of $3.74. A total of 37.51% of the company’s stock is owned by insiders.
During the past 12 months, Archer Aviation Inc has had a low of $2.82 and a high of $7.01. As of last week, the company has a debt-to-equity ratio of 0.14, a current ratio of 4.49, and a quick ratio of 4.49. The fifty day moving average price for ACHR is $3.241 and a two-hundred day moving average price translates $4.01275 for the stock.
The latest earnings results from Archer Aviation Inc (NYSE: ACHR) was released for 2024-06-30. The company reported revenue of $121.2 million for the quarter, compared to $181.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -33.19 percent. For the current quarter, analysts expect ACHR to generate $330k in revenue.
