What The Financials Tell Us About Archer Aviation Inc. (ACHR)

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MNDY Stock
MNDY Stock

Archer Aviation Inc. (NYSE:ACHR) traded with a subtraction of -$0.04 to $2.95 on Thursday, a downside of -1.34 percent. An average of 1,835,305 shares of common stock have been traded in the last five days. There was a fall of -$0.17 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 1,345,331 shares traded, while the 50-day average volume stands at 1,743,852.

ACHR stock has decreased by -18.31% in the last month. The company shares reached their 1-month lowest point of $2.92 on 09/22/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $2.61 and a high of $9.46 in 52 weeks. It has reached a new high 1 time so far this year and lost -50.50% or -$3.04 in price. In spite of this, the price is down -68.82% from the 52-week high.


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Insider Transactions

2 days have passed since Archer Aviation Inc. (ACHR) last reported insider trading activity. Adcock Brett, who is 10% Owner, most recently acquired $27,370 shares at $3.11 per share on Sep 20. In this transaction, the insider spent $85,074. 10% Owner, Adcock Brett, disposed of 140,000 shares at a price of $3.00 on Sep 19. The insider now owns more than $420,602 worth of shares. Prior to that, 10% Owner Adcock Brett went on to Sale 125,000 shares at $3.24 each on Sep 15. An amount of $405,088 was transacted.

Financial Health

The quick ratio of Archer Aviation Inc. for the three months ended June 29 was 15.30, and the current ratio was 15.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.01 and a total debt to equity ratio of 0.02 for the quarter ending June 29. Its gross profit as reported stood at $1.0 million compared to revenue of $358.3 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Archer Aviation Inc.’s return on assets was -46.70%.

Earnings Surprise

For the three-month period that ended June 29, Archer Aviation Inc. had $4.7 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$71.7 million in the quarter, while revenues of -$59.2 million were grew 104.53%. The analyst consensus anticipated Archer Aviation Inc.’s latest quarter earnings to come in at -$0.28 per share, but it turned out to be -$0.17, a 39.30% surprise. For the quarter, EBITDA amounted to -$79.4 million. Shareholders own equity worth $241.54 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Archer Aviation Inc. (ACHR) price momentum. RSI 9-day as of the close on 21 September was 23.44%, suggesting the stock is oversold, with historical volatility in this time frame at 32.14%.

As of today, ACHR’s price is $3.00 -5.36% or -$0.17 from its 5-day moving average. ACHR is currently trading -20.84% lower than its 20-day SMA and -34.92% lower than its 100-day SMA. However, the stock’s current price level is +0.33% above the SMA50 and -53.42% below the SMA200.

The stochastic %K and %D were 9.03% and 6.33%, respectively, and the average true range (ATR) was 0.19. With the 14-day stochastic at 11.27% and the average true range at 0.21, the RSI (14) stands at 30.83%. The stock has reached -0.11 on the 9-day MACD Oscillator while the 14-day reading was at -0.24.

Analyst Ratings

Raymond James launched coverage on Archer Aviation Inc. (NYSE: ACHR) in its analyst report released on July 27, 2022. The firm assigned the stock an Outperform rating. The consensus rating for Archer Aviation Inc. (ACHR) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ACHR, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 4 others rate it as a “buy”.

What is ACHR’s price target for the next 12 months?

Analysts predict a range of price targets between $4.00 and $12.00, with a median target of $9.00. Taking a look at these predictions, the average price target given by analysts for Archer Aviation Inc. (ACHR) stock is $8.83.

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