Archer Aviation Inc. (NYSE:ACHR – Get Free Report) CTO Thomas Paul Muniz sold 91,839 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $5.95, for a total value of $546,442.05. Following the completion of the transaction, the chief technology officer owned 1,462,314 shares in the company, valued at approximately $8,700,768.30. This represents a 5.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Thomas Paul Muniz also recently made the following trade(s):
- On Friday, May 15th, Thomas Paul Muniz sold 44,740 shares of Archer Aviation stock. The stock was sold at an average price of $6.06, for a total transaction of $271,124.40.
- On Friday, March 13th, Thomas Paul Muniz sold 9,580 shares of Archer Aviation stock. The shares were sold at an average price of $6.27, for a total transaction of $60,066.60.
- On Thursday, March 5th, Thomas Paul Muniz sold 94,725 shares of Archer Aviation stock. The shares were sold at an average price of $6.46, for a total transaction of $611,923.50.
Archer Aviation Stock Down 0.1%
Shares of ACHR traded down $0.01 on Tuesday, reaching $5.92. The company’s stock had a trading volume of 49,532,138 shares, compared to its average volume of 39,406,728. Archer Aviation Inc. has a twelve month low of $4.80 and a twelve month high of $14.62. The stock has a market capitalization of $4.40 billion, a PE ratio of -5.38 and a beta of 3.13. The company has a current ratio of 18.06, a quick ratio of 18.06 and a debt-to-equity ratio of 0.06. The firm has a fifty day moving average of $5.87 and a 200-day moving average of $7.21.
Analyst Upgrades and Downgrades
A number of research firms recently commented on ACHR. Weiss Ratings reissued a “sell (d-)” rating on shares of Archer Aviation in a research report on Monday, April 20th. Canaccord Genuity Group reduced their target price on shares of Archer Aviation from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Finally, Needham & Company LLC lowered their target price on shares of Archer Aviation from $10.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $11.83.
Get Our Latest Research Report on Archer Aviation
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of ACHR. Gould Capital LLC increased its position in shares of Archer Aviation by 238.1% during the 4th quarter. Gould Capital LLC now owns 3,560 shares of the company’s stock valued at $27,000 after purchasing an additional 2,507 shares during the last quarter. Strs Ohio purchased a new position in shares of Archer Aviation in the 1st quarter worth about $27,000. Caitong International Asset Management Co. Ltd grew its position in Archer Aviation by 840.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,732 shares of the company’s stock valued at $28,000 after buying an additional 3,335 shares during the period. Johnson Investment Counsel Inc. bought a new position in Archer Aviation during the third quarter valued at about $29,000. Finally, Modus Advisors LLC purchased a new stake in Archer Aviation during the fourth quarter worth about $29,000. Institutional investors own 59.34% of the company’s stock.
Archer Aviation Company Profile
Archer Aviation, Inc (NYSE: ACHR) is a California-based aerospace company developing electric vertical takeoff and landing (eVTOL) aircraft designed to serve as sustainable urban air mobility solutions. Founded in 2018 by Adam Goldstein and Brett Adcock, Archer focuses on the design, development and certification of zero-emissions air taxis aimed at reducing traffic congestion in densely populated metropolitan areas. The company’s flagship prototypes, “Maker” and “Midnight,” have been engineered to deliver quiet, efficient short-haul flights with ranges of up to 100 miles per charge.
Headquartered in Palo Alto, California, Archer operates a manufacturing facility in nearby Santa Cruz County and maintains research partnerships with automotive and energy companies, including a collaboration with Stellantis to integrate advanced battery systems.
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