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SAN JOSE, CA—Eric Lentell, General Counsel and Secretary of Archer Aviation Inc. (NYSE:ACHR), recently sold 53,225 shares of the company’s Class A Common Stock. The shares were sold on March 5, 2025, at a weighted average price of $8.1899 per share, amounting to a total transaction value of $435,907. According to InvestingPro data, this transaction occurred amid significant stock volatility, with ACHR shares showing a 142% gain over the past six months despite a recent 15% weekly decline.
The sale was executed in multiple transactions, with prices ranging from $8.18 to $8.235 per share. Following the completion of this transaction, Lentell no longer holds any shares in Archer Aviation. InvestingPro analysis indicates the company maintains a strong liquidity position with a current ratio of 12.07, holding more cash than debt on its balance sheet.
Archer Aviation, based in San Jose, is known for its development of electric vertical takeoff and landing (eVTOL) aircraft, aiming to revolutionize urban air mobility. While analysts maintain a bullish outlook with a consensus "Buy" rating, detailed financial metrics and 12 additional ProTips are available through InvestingPro’s comprehensive research report.
In other recent news, Archer Aviation Inc. has maintained a strong liquidity position, ending 2024 with over $1 billion, despite facing challenges with rising expenses and cash burn. The company’s operating expenses increased by 22% year-over-year, totaling $380.6 million. Analysts from Needham have raised their price target for Archer Aviation to $13, reflecting confidence in the company’s ability to fulfill its approximately $6 billion order book. Cantor Fitzgerald and Benchmark have also maintained positive outlooks, with price targets set at $13 and $12, respectively, citing strategic partnerships and international commercialization plans.
Additionally, Canaccord Genuity increased its price target to $13.50, highlighting Archer Aviation’s strong positioning in the urban air mobility market. The company is advancing its Midnight electric vertical takeoff and landing (eVTOL) aircraft towards FAA certification, with 13% of the required documents completed. Archer Aviation’s "Launch Edition" program aims to facilitate early monetization and international expansion, with Abu Dhabi Aviation set to become the first Midnight operator.
Archer Aviation’s partnership with Anduril Industries is expected to yield opportunities beyond the defense sector, leveraging the dual-use nature of the technology. The firm plans to construct 10 Midnight aircraft in 2025 to meet early adopter demands. Despite uncertainties surrounding FAA certification timing, analysts remain optimistic about Archer Aviation’s financial future and operational execution.
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