Archer Aviation Inc (ACHR) concluded trading on Thursady at a closing price of $4.87, with 5.17 million shares of worth about $25.19 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -30.92% during that period and on Thursady the price saw a loss of about -3.56%. Currently the company’s common shares owned by public are about 300.78M shares, out of which, 178.80M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 99 times over the past 12 months. They bought 22,591,218 shares in 46 of the transactions. In 53 selling transactions, insiders dumped 5,716,364 shares.
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However, the stock later moved at a day high price of 5.1900, or with a loss of -3.56%. Stock saw a price change of -10.81% in past 5 days and over the past one month there was a price change of -10.15%. Year-to-date (YTD), ACHR shares are showing a performance of -20.68% which increased to 82.40% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.77 but also hit the highest price of $7.49 during that period. The average intraday trading volume for Archer Aviation Inc shares is 4.56 million. The stock is currently trading -4.58% below its 20-day simple moving average (SMA20), while that difference is down -12.87% for SMA50 and it goes to -5.10% lower than SMA200.
Archer Aviation Inc (NYSE: ACHR) currently have 300.78M outstanding shares and institutions hold larger chunk of about 37.35% of that.
The stock has a current market capitalization of $1.46B and its 3Y-monthly beta is at 2.50. It has posted earnings per share of -$1.77 in the same period. It has Quick Ratio of 4.07 while making debt-to-equity ratio of 0.05. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ACHR, volatility over the week remained 4.51% while standing at 5.35% over the month.
Analysts are in expectations that Archer Aviation Inc (ACHR) stock would likely to be making an EPS of -$0.28 in the current quarter, while forecast for next quarter EPS is -$0.29 and it is -$1 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.3 which is -$0.25 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.32 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -0.99% while it is estimated to increase by 11.93% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Canaccord Genuity on June 09, 2023 offering a Buy rating for the stock and assigned a target price of $9 to it. Coverage by Raymond James stated Archer Aviation Inc (ACHR) stock as an Outperform in their note to investors on July 27, 2022, suggesting a price target of $8 for the stock. On April 28, 2022, JP Morgan Initiated their recommendations, while on April 11, 2022, Deutsche Bank Initiated their ratings for the stock with a price target of $10. Stock get an Overweight rating from Cantor Fitzgerald on November 30, 2021.
