Archer Aviation stock (NYSE: ACHR) has seen more than a 25% decline in price over the past week of trading, as sentiment shifts leading into earnings on Thursday. Zooming out a little, and the story shifts, with the past 6 months seeing holders gain some 103%.
Expectations for earnings are minimal for the company, with $250,000 in revenue, and a negative $0.25 in EPS the consensus. The company specialises in designing and operating electric vertical takeoff and landing (eVTOL) aircraft, an industry which remains in an early stage. With growth stocks having been hit hard in recent weeks, the volatility seen in ACHR has been echoed across many momentum names.
The consensus rating among analysts is now $11.33, which represents a perceived upside of more than 30% from current price action.
The recent decline in Archer Aviation's stock price presents a mix of assessments from financial analysts and varied investor activities. While some firms have adjusted their ratings and price targets, the general outlook from major analysts remains optimistic regarding future performance.
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