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

SFS UK 1 LTD. has acquired 1.5 million shares of Archer Aviation (ACHR) common stock at a price of $5.09 per share, according to a recent Form 4 filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 8:52 pm

Blend Labs, Inc. (BLND) reported Q4 financial results with a loss of 9 cents per share and sales of $36.10 million, causing its shares to jump 24.3%. Other stocks like Cardlytics, Inc. (CDLX), American Vanguard Corporation (AVD), and Madrigal Pharmaceuticals, Inc. (MDGL) also saw significant gains following their earnings reports or other positive news. The overall market was down, with the Dow Jones index falling around 100 points.

Portfolio Pulse from Avi Kapoor

March 15, 2024 | 2:25 pm

Archer and Falcon Aviation have announced a partnership to develop a vertiport network in Dubai and Abu Dhabi, aiming to launch flying car operations in the UAE by 2025. This collaboration marks a significant step towards the realization of urban air mobility in the region.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 1:03 pm

At the annual AIPCon, Palantir Technologies, Inc. showcased its Artificial Intelligence Platform (AIP) with over 60 customers, including General Mills, Lowe's Companies, and Archer Aviation, demonstrating real-world use cases. CEO Alex Karp emphasized the platform's ability to deliver customized, valuable results for enterprises, positioning AIP customers as early movers in the AI revolution.

Portfolio Pulse from Erica Kollmann

March 07, 2024 | 8:44 pm

The Bear Cave published a report criticizing Archer Aviation (ACHR), an ARK Invest favorite, for its excessive spending on celebrity partnerships and failing to meet expectations. Despite Cathie Wood's optimistic prediction of an 80% compound growth, The Bear Cave anticipates a crash landing for ACHR.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 3:55 pm

Archer Aviation (NYSE:ACHR) has seen a decrease in short interest, now at 16.33% of float, lower by 4.56% since the last report. With 38.22 million shares sold short, it would take about 8.36 days to cover all short positions. This change in short interest could indicate a shift in market sentiment towards ACHR, potentially signaling a more bullish outlook among investors. The company's short interest is significantly higher than its peer group average of 7.07%, suggesting a higher level of bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 5:30 pm

Cantor Fitzgerald has reaffirmed its Overweight rating on Archer Aviation (NYSE:ACHR) and maintained its price target at $10.00, despite the stock currently trading at $4.77, down 3.05% over the last 24 hours. The firm's target implies a potential upside of 109.64%. Archer Aviation is focused on developing sustainable air mobility solutions, including a fully electric vertical takeoff and landing aircraft designed for urban transportation.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:00 pm

Archer Aviation's shares dropped following a report of worse-than-expected Q4 earnings per share (EPS).

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:39 pm

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

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:19 pm

Archer Aviation Inc (NYSE:ACHR) reported Q4 financial results with losses of 34 cents per share, missing analyst expectations by 21.43%. Despite this, the company is progressing with its Midnight aircraft, expecting to complete 400 test flights in 2024. Archer anticipates non-GAAP operating expenses of $75 million to $95 million for Q1 2024. Shares fell 6.91% after-hours to $4.58.

Portfolio Pulse from Erica Kollmann

February 26, 2024 | 10:37 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.