3.01
price down icon5.94%   -0.19
after-market  After Hours:  3.05  0.04   +1.33%
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Why is Archer Aviation Inc (ACHR) Stock down?

We've noticed a 5.94% decline in Archer Aviation Inc (ACHR) stock during the 2024-05-29 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
10 Nov, 2023:

Archer Aviation Inc Stock (ACHR) dropped by 5.51% from $5.26 to $4.97 in the trading on Friday November 10, 2023. The reason why ACHR stock down today is due to its third-quarter results.

  • Archer reported a net loss of $51.6 million, total operating expenses of $46.2 million and forecast that it would spend between $100 - $110 million in the fourth quarter. The company has no revenue yet.
  • Archer stressed the establishment of a debt facility of up to $65 million to cover the majority of the costs for its high-volume manufacturing facility in Georgia.
19 Jul, 2023:

Shares of Archer Aviation (ACHR) were down by as much as 11.01% on Wednesday when a new government plan raised questions about the timetable for air mobility start-ups to start flying paying customers. Investors are worried and markets try to decipher what the news means for the company.

https://www.fool.com/investing/2023/07/19/why-archer-aviation-and-joby-aviation-stocks-are-d/

06 Jul, 2023:

ACHR's stock fell 11.13% because Austin Moeller from Canaccord Genuity maintained a Buy rating on Archer Aviation, with a price target of $9.00. The company also has an analyst consensus of Strong Buy, with a price target consensus of $8.50.

https://www.tipranks.com/news/blurbs/analysts-opinions-are-mixed-on-these-technology-stocks-archer-aviation-achr-and-sofi-technologies-sofi

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