Archer Aviation (NYSE:ACHR – Get Free Report) is scheduled to be releasing its earnings data after the market closes on Thursday, May 9th. Analysts expect Archer Aviation to post earnings of ($0.29) per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.
Archer Aviation (NYSE:ACHR – Get Free Report) last released its quarterly earnings data on Monday, February 26th. The company reported ($0.35) EPS for the quarter, meeting analysts’ consensus estimates of ($0.35). 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 Trading Down 2.4 %
ACHR opened at $3.87 on Wednesday. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of -2.23 and a beta of 2.45. The company’s 50 day simple moving average is $4.37 and its two-hundred day simple moving average is $5.15. Archer Aviation has a 1-year low of $1.91 and a 1-year high of $7.49. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.21 and a quick ratio of 4.21.
Insider Activity
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on ACHR shares. JPMorgan Chase & Co. reduced their price objective on Archer Aviation from $7.00 to $5.00 and set an “overweight” rating on the stock in a research report on Friday, May 3rd. Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 price target on shares of Archer Aviation in a report on Tuesday, February 27th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Archer Aviation currently has a consensus rating of “Buy” and a consensus target price of $9.00.
Read Our Latest Stock Report on ACHR
Archer Aviation Company Profile
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.
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