The price of Archer Aviation Inc (NYSE:ACHR) shares last traded on Wall Street fell -23.72% to $7.30.
ACHR stock price is now 84.14% away from the 50-day moving average and 82.96% away from the 200-day moving average. The market capitalization of the company currently stands at $3.68B.
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With the price target of $11, Needham recently initiated with Buy rating for Archer Aviation Inc (NYSE: ACHR). On September 03, 2024, H.C. Wainwright recently initiated its ‘Buy’ rating on the stock quoting a target price of $12.50, while ‘Canaccord Genuity’ rates the stock as ‘Buy’
In other news, Diaz Deborah, Director bought 5,150 shares of the company’s stock on Nov 25 ’24. The stock was bought for $38,522 at an average price of $7.48. Upon completion of the transaction, the Director now directly owns 98,886 shares in the company, valued at $0.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 21 ’24, Chief Executive Officer Goldstein Adam D bought 19,762 shares of the business’s stock. A total of $101,181 was incurred on buying the stock at an average price of $5.12. This leaves the insider owning 2,014,890 shares of the company worth $14.71 million. A total of 36.92% 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 $9.84. 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 $3.8796 and a two-hundred day moving average price translates $3.98075 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.
