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

4.28

Mkt cap

1.8B

Volume

16M

High

4.29

P/E Ratio

-3.14

52-wk high

7.01

Low

4.05

Div yield

N/A

52-wk low

2.82

Archer Aviation (NYSE:ACHR) reported its Q4 earnings on February 26, 2024, missing estimated earnings by -21.0% with an EPS of $-0.34 versus an estimate of $-0.28. Revenue remained unchanged from the same period last year. In the previous quarter, the company exceeded EPS estimates which was followed by a 6.0% drop in share price the next day.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 9:50 pm

Archer Aviation (NYSE:ACHR) reported Q4 losses of $(0.34) per share, missing the consensus estimate of $(0.28) by 21.43%. This represents a 12.82% improvement over the $(0.39) per share loss from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:48 pm

Numerous companies are scheduled to report their earnings on February 26, 2024, covering a wide range of industries from energy to technology. Key reports include Kosmos Energy, Krystal Biotech, Li Auto, and Domino's Pizza, among others. The diversity of sectors represented suggests a comprehensive insight into the economic and business trends affecting these markets.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 9:47 am

Archer Aviation (NYSE:ACHR) is scheduled to release its quarterly earnings report on Monday, 2024-02-26, with analysts expecting an EPS of $-0.28. The company's past earnings performance shows a mix of beats and misses, with the stock price reacting variably. Shares have risen 75.27% over the last 52 weeks, indicating a positive long-term sentiment among shareholders. Investors will be keenly watching for not just the earnings results but also the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 6:01 pm

Ark Invest, led by Cathie Wood, sold $6.6M worth of Coinbase (COIN) shares as the crypto exchange experienced a significant Bitcoin (BTC) withdrawal, leaving it with its lowest reserve since 2015. The sale occurred through ARKK and ARKF ETFs. Despite this, Coinbase's Q4 earnings exceeded expectations. Ark also made notable investments in SOFI, TXG, U, and ACHR, indicating a bullish stance on these companies.

Portfolio Pulse from Benzinga Neuro

February 22, 2024 | 5:52 am

Shares of companies in the industrial sector are down due to a higher-than-expected rise in January inflation data, affecting investor sentiment and stock prices.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 8:38 pm

Cathie Wood's Ark Invest purchased over $23M worth of Pinterest Inc (PINS) shares, despite its Q4 earnings showing mixed results but promising user growth. The investment was spread across ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and Ark Fintech Innovation ETF (ARKF). Additionally, Ark made significant buys in Archer Aviation Inc (ACHR) and showed interest in biotech firms 10X Genomics Inc (TXG) and Pacific Biosciences of Calif (PACB), while selling shares of Twilio Inc (TWLO) and Zoom Video Communications (ZM).

Portfolio Pulse from Benzinga Neuro

February 13, 2024 | 2:35 am

Archer has received Part 145 Certification from the FAA, marking a significant milestone in its journey towards commercialization in 2025. This certification allows Archer to operate a repair and maintenance station, underscoring its commitment to safety and operational standards.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 4:01 pm

Archer is advancing in its FAA certification process by constructing three piloted Midnight aircraft that conform to the intended type design. The manufacturing of key components is in progress, with final assembly to start soon in San Jose, California. These aircraft will be utilized in FAA 'for credit' testing, marking a significant step towards Archer's commercialization goal in 2025.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 2:04 pm

Archer's Midnight aircraft has successfully completed Phase 1 of its flight test program in just three months. The aircraft's battery system has been upgraded with high voltage packs from Archer's San Jose manufacturing line. The program is progressing swiftly towards a full wing-borne transition flight in Phase 2, with FAA 'for credit' testing expected to start later this year.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 2:05 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.