In a report released yesterday, Bill Peterson from J.P. Morgan maintained a Hold rating on Archer Aviation (ACHR – Research Report). The company’s shares closed yesterday at $7.48.

Peterson covers the Basic Materials sector, focusing on stocks such as United States Steel, Nucor, and Steel Dynamics. According to TipRanks, Peterson has an average return of -11.6% and a 32.73% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Archer Aviation with a $12.29 average price target.

Based on Archer Aviation’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $198.1 million. In comparison, last year the company earned a revenue of $12.4 million and had a GAAP net loss of $109.1 million

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Eric Lentell, the GC & Secretary of ACHR sold 53,225.00 shares for a total of $435,380.50.