Archer Aviation (NYSE:ACHR) Stock Price Down 3.2% – Here’s What Happened

05 Jun 2026, 21:39 by Michael Walen · The Markets Daily

Archer Aviation Inc. (NYSE:ACHR – Get Free Report)’s share price dropped 3.2% during mid-day trading on Wednesday . The stock traded as low as $6.27 and last traded at $6.5250. Approximately 51,474,373 shares changed hands during trading, an increase of 37% from the average daily volume of 37,550,059 shares. The stock had previously closed at $6.74.

Wall Street Analyst Weigh In

ACHR has been the subject of several recent research reports. Needham & Company LLC reduced their target price on shares of Archer Aviation from $10.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Archer Aviation in a report on Monday, April 20th. Finally, Canaccord Genuity Group reduced their target price on shares of Archer Aviation from $13.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $11.83.

Get Our Latest Report on Archer Aviation

Archer Aviation Stock Down 13.2%

The company has a debt-to-equity ratio of 0.06, a current ratio of 18.06 and a quick ratio of 18.06. The business’s fifty day simple moving average is $5.96 and its two-hundred day simple moving average is $6.98. The company has a market cap of $4.21 billion, a PE ratio of -5.04 and a beta of 3.14.

Archer Aviation (NYSE:ACHR – Get Free Report) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.03). The business had revenue of $1.60 million for the quarter, compared to the consensus estimate of $1.66 million. During the same period last year, the firm earned ($0.17) earnings per share. On average, analysts predict that Archer Aviation Inc. will post -1.47 earnings per share for the current year.

Insider Buying and Selling

In other Archer Aviation news, CTO Thomas Paul Muniz sold 91,839 shares of Archer Aviation stock in a transaction on Monday, May 18th. The shares were sold at an average price of $5.95, for a total value of $546,442.05. Following the completion of the transaction, the chief technology officer owned 1,462,314 shares of the company’s stock, valued at approximately $8,700,768.30. The trade was a 5.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Eric Lentell sold 48,169 shares of Archer Aviation stock in a transaction on Monday, May 18th. The shares were sold at an average price of $5.95, for a total transaction of $286,605.55. Following the completion of the transaction, the insider directly owned 141,084 shares of the company’s stock, valued at $839,449.80. The trade was a 25.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 282,840 shares of company stock valued at $1,703,688 in the last ninety days. Company insiders own 7.65% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Johnson Investment Counsel Inc. purchased a new stake in shares of Archer Aviation during the third quarter worth about $29,000. Geneos Wealth Management Inc. increased its stake in shares of Archer Aviation by 105.3% during the second quarter. Geneos Wealth Management Inc. now owns 3,318 shares of the company’s stock worth $36,000 after purchasing an additional 1,702 shares in the last quarter. Center for Financial Planning Inc. increased its stake in shares of Archer Aviation by 138.8% during the third quarter. Center for Financial Planning Inc. now owns 3,510 shares of the company’s stock worth $34,000 after purchasing an additional 2,040 shares in the last quarter. Gould Capital LLC increased its stake in shares of Archer Aviation by 238.1% during the fourth quarter. Gould Capital LLC now owns 3,560 shares of the company’s stock worth $27,000 after purchasing an additional 2,507 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Archer Aviation by 840.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,732 shares of the company’s stock worth $28,000 after purchasing an additional 3,335 shares in the last quarter. Hedge funds and other institutional investors own 59.34% of the company’s stock.

About Archer Aviation

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Archer Aviation, Inc (NYSE: ACHR) is a California-based aerospace company developing electric vertical takeoff and landing (eVTOL) aircraft designed to serve as sustainable urban air mobility solutions. Founded in 2018 by Adam Goldstein and Brett Adcock, Archer focuses on the design, development and certification of zero-emissions air taxis aimed at reducing traffic congestion in densely populated metropolitan areas. The company’s flagship prototypes, “Maker” and “Midnight,” have been engineered to deliver quiet, efficient short-haul flights with ranges of up to 100 miles per charge.