Currently, there are 300.78M common shares owned by the public and among those 178.80M shares have been available to trade.
Insiders at the company have transacted a total of 99 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 46 of these insider trades were purchases, accounting for 22,591,218 shares. Insider sales of the common stock occurred on 53 occasions, with total insider shares sold totaling 5,716,364 shares.
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However, the script later moved the day high at 5.07, up 8.35%. The company’s stock has a 5-day price change of 1.40% and -7.50% over the past three months. ACHR shares are trading -17.59% year to date (YTD), with the 12-month market performance up to 74.48% higher. It has a 12-month low price of $1.77 and touched a high of $7.49 over the same period. ACHR has an average intraday trading volume of 4.89 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.76%, -12.60%, and 2.22% respectively.
Institutional ownership of Archer Aviation Inc (NYSE: ACHR) shares accounts for 39.70% of the company’s 300.78M shares outstanding.
It has a market capitalization of $1.52B and a beta (3y monthly) value of 2.50. The earnings-per-share (ttm) stands at -$1.77. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.01% over the week and 5.79% over the month.
Earnings per share for the fiscal year are expected to decrease by -0.89%, and 11.58% over the next financial year.
Looking at the support for the ACHR, a number of firms have released research notes about the stock. Canaccord Genuity stated their Buy rating for the stock in a research note on June 09, 2023, with the firm’s price target at $9.
