Streetbeat News

ACHR

Archer Aviation Inc.

https://www.archer.com

Industry

Aerospace & Defense

Archer Aviation Inc., an urban air mobility company, engages in designs, develops, manufactures, and operates electric vertical takeoff and landing aircrafts to carry passengers. The company was formerly known as Atlas Crest Investment Corp. and changed its name to Archer Aviation Inc. Archer Aviation Inc. was incorporated in 2018 and is headquartered in Palo Alto, California.

Open

3.40

Mkt cap

1.2B

Volume

28M

High

3.65

P/E Ratio

-2.97

52-wk high

7.01

Low

3.35

Div yield

N/A

52-wk low

2.82

Archer Aviation Inc. (ACHR) held its Q3 2024 earnings conference call on November 7, 2024. Key company participants included CEO Adam Goldstein and Interim CFO Priya Gupta. The call featured questions from analysts at major financial institutions.

Portfolio Pulse from

November 08, 2024 | 2:00 am

Archer Aviation's stock is experiencing a significant rise due to positive news that has encouraged investors.

Portfolio Pulse from

November 07, 2024 | 9:15 pm

Archer Aviation has partnered with Soracle, a venture involving Japan Airlines and Sumitomo Corporation, to introduce eVTOL air mobility services in Japan using Archer's Midnight aircraft.

Portfolio Pulse from

November 07, 2024 | 3:15 pm

Cathie Wood's Ark Invest made significant trades, selling Tesla and Palantir shares while buying AMD and Meta. Ark sold 62,151 Tesla shares and 372,730 Palantir shares, while purchasing 111,080 AMD shares and 3,426 Meta shares. These moves reflect strategic shifts in Ark's investment focus.

Portfolio Pulse from Benzinga Neuro

October 31, 2024 | 1:43 am

Cathie Wood's Ark Invest made significant trades, selling Tesla shares and buying Archer Aviation shares. The move comes after Tesla's strong earnings and Archer's progress in eVTOL aircraft development. Other trades included Robinhood, Meta, Illumina, CareDx, Unity Software, and Natera.

Portfolio Pulse from Benzinga Neuro

October 30, 2024 | 1:42 am

The FAA has issued a new rule establishing a 'powered lift' category for eVTOL aircraft, paving the way for air taxis in the U.S. Companies like Joby Aviation and Archer Aviation are set to benefit, with plans to launch commercial services by 2025.

Portfolio Pulse from Erica Kollmann

October 25, 2024 | 5:02 pm

Archer Aviation has expressed approval for the FAA's early release of a Special Federal Aviation Regulation. This development is significant for the company as it may facilitate the advancement of their aviation projects.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 11:43 am

The article highlights unusual options activity for several industrial stocks, indicating potential trading opportunities. Notable mentions include bullish call sweeps for JOBY and ZIM, bearish call sweeps for GRAB and ACHR, and a bullish put sweep for MMM.

Portfolio Pulse from Benzinga Insights

October 22, 2024 | 5:35 pm

Archer Aviation (NYSE:ACHR) has seen a 4.73% increase in its short percent of float, now at 21.68%, significantly higher than its peers' average of 8.63%. This indicates a bearish sentiment among investors, although high short interest can sometimes lead to bullish outcomes.

Portfolio Pulse from Benzinga Insights

October 15, 2024 | 6:00 pm

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on Archer Aviation (NYSE:ACHR) and maintained a $10 price target.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 6:01 pm

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