Stocks of Archer Aviation Inc (NYSE:ACHR) traded higher last session on Wall Street, up 7.30% to $4.41.
ACHR stock price is now 33.49% away from the 50-day moving average and 12.61% away from the 200-day moving average. The market capitalization of the company currently stands at $1.80B.
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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, Perkins Tosha, Officer bought 29,809 shares of the company’s stock on Nov 18 ’24. The stock was bought for $128,459 at an average price of $4.31. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 18 ’24, Officer Muniz Thomas Paul bought 87,391 shares of the business’s stock. A total of $376,603 was incurred on buying the stock at an average price of $4.31. A total of 36.28% 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 0.17, a current ratio of 6.03, and a quick ratio of 6.03. The fifty day moving average price for ACHR is $3.281 and a two-hundred day moving average price translates $3.91875 for the stock.
The latest earnings results from Archer Aviation Inc (NYSE: ACHR) was released for 2024-09-30. The company reported revenue of $122.1 million for the quarter, compared to $46.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 164.29 percent.
