TLDR
- Archer Aviation (ACHR) rose 6.9% on Tuesday, hitting a high of $4.88 after closing the prior session at $4.55
- The FAA’s new eVTOL Integration Pilot Program named Archer as a key player in electric air taxi deployment
- Cantor Fitzgerald reiterated its Overweight rating with an $11.00 price target
- Canaccord trimmed its price target from $13.00 to $12.00 but maintained a Buy rating; consensus target sits at $11.83
- The stock is down 39.49% year-to-date and carries a technical sentiment signal of Sell
Archer Aviation (ACHR) jumped 6.9% on Tuesday, trading as high as $4.88 before settling at $4.8650. Volume came in at around 28.3 million, about 25% below its average session volume of 37.8 million.
The move was triggered by the FAA’s new eVTOL Integration Pilot Program, which explicitly named Archer as a key player in accelerating electric air taxi deployment. That regulatory nod was enough to spark a sharp bounce off Monday’s 52-week low.
Adding to the momentum, Cantor Fitzgerald reiterated its Overweight rating and held its $11.00 price target, giving investors a fresh signal of confidence from the analyst community.
The rally came despite some recent headwinds. Canaccord Genuity trimmed its price target from $13.00 to $12.00, though it kept its Buy rating. Weiss Ratings continued to maintain a Sell rating on the stock.
Overall, ACHR carries a consensus “Moderate Buy” rating based on five Buy ratings, two Holds, and one Sell. The average price target across analysts stands at $11.83 — well above where the stock is currently trading.
Recent Financials
Archer’s most recent earnings, reported on May 11, showed a loss of $0.28 per share, missing the consensus estimate of -$0.25. Revenue came in at $1.60 million, slightly below the $1.66 million estimate.
That compares to a loss of $0.17 per share in the same quarter last year, reflecting the company’s continued cash burn as it works toward commercialization. Analysts expect full-year EPS of -$1.47.
Despite the losses, Archer’s balance sheet holds up. The company has a current ratio and quick ratio of 18.06, and a debt-to-equity ratio of just 0.06, giving it financial flexibility without needing to raise capital in the near term.
Insider and Institutional Activity
Two insiders sold stock in May. CFO Priya Gupta sold 9,860 shares at $5.95 on May 18 to cover tax obligations related to equity award vesting. Insider Eric Lentell also sold 48,169 shares at the same price on the same day, also for tax-related purposes.
Over the past three months, insiders have sold a total of 250,743 shares worth approximately $1.5 million. Insiders currently hold 5.55% of the company.
On the institutional side, several funds added to their positions in Q1. UBS Asset Management increased its stake by 51.1% to 844,017 shares. MIRAE ASSET GLOBAL ETFS HOLDINGS raised its position by 44.7%. In total, institutional investors and hedge funds own 59.34% of ACHR.
The stock’s 50-day moving average sits at $5.70 and its 200-day moving average at $6.45 — both above the current price. ACHR is down 39.49% year-to-date, and the technical sentiment signal currently reads Sell.
Archer’s market cap stands at approximately $3.59 billion.
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