Archer Aviation (ACHR) Set to Announce Earnings on Thursday

Archer Aviation (NYSE:ACHR) is scheduled to issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce 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 announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates 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 Down 1.2 %

ACHR stock opened at $3.24 on Tuesday. Archer Aviation has a one year low of $2.82 and a one year high of $7.01. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.49 and a current ratio of 4.49. The company has a fifty day moving average of $3.18 and a 200-day moving average of $3.61. The stock has a market capitalization of $1.15 billion, a PE ratio of -2.66 and a beta of 2.29.

Insider Buying and Selling

In other news, major shareholder N.V. Stellantis bought 2,982,089 shares of the stock in a transaction on Thursday, August 8th. The shares were bought at an average price of $3.35 per share, with a total value of $9,989,998.15. Following the completion of the acquisition, the insider now owns 59,734,962 shares of the company’s stock, valued at approximately $200,112,122.70. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

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.