Currently, there are 265.62M common shares owned by the public and among those 208.40M shares have been available to trade.
The company’s stock has a 5-day price change of -3.83% and -23.81% over the past three months. ACHR shares are trading -42.67% year to date (YTD), with the 12-month market performance down to -8.57% lower. It has a 12-month low price of $3.00 and touched a high of $7.49 over the same period. ACHR has an average intraday trading volume of 5.43 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 4.67%, -2.10%, and -27.74% respectively.
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Institutional ownership of Archer Aviation Inc (NYSE: ACHR) shares accounts for 36.37% of the company’s 265.62M shares outstanding.
It has a market capitalization of $1.14B and a beta (3y monthly) value of 2.35. The earnings-per-share (ttm) stands at -$1.64. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.11% over the week and 6.23% over the month.
Earnings per share for the fiscal year are expected to increase by 16.51%, and 9.32% 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. Raymond James coverage for the Archer Aviation Inc (ACHR) stock in a research note released on July 27, 2022 offered a Outperform rating with a price target of $8. JP Morgan was of a view on April 28, 2022 that the stock is Overweight, while Deutsche Bank gave the stock Buy rating on April 11, 2022, issuing a price target of $10. Cantor Fitzgerald on their part issued Overweight rating on November 30, 2021.
