Currently, there are 425.27M common shares owned by the public and among those 270.98M shares have been available to trade.
The company’s stock has a 5-day price change of 5.66% and 8.73% over the past three months. ACHR shares are trading -33.06% year to date (YTD), with the 12-month market performance down to -36.28% lower. It has a 12-month low price of $2.82 and touched a high of $7.01 over the same period. ACHR has an average intraday trading volume of 13.47 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 15.63%, 25.27%, and 4.88% respectively.
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Institutional ownership of Archer Aviation Inc (NYSE: ACHR) shares accounts for 34.44% of the company’s 425.27M shares outstanding.
It has a market capitalization of $1.67B and a beta (3y monthly) value of 2.39. The earnings-per-share (ttm) stands at -$1.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.44% over the week and 8.12% over the month.
Earnings per share for the fiscal year are expected to increase by 27.97%, and 23.77% over the next financial year.
Looking at the support for the ACHR, a number of firms have released research notes about the stock. H.C. Wainwright stated their Buy rating for the stock in a research note on September 03, 2024, with the firm’s price target at $12.50. Canaccord Genuity coverage for the Archer Aviation Inc (ACHR) stock in a research note released on June 09, 2023 offered a Buy rating with a price target of $9. Raymond James was of a view on July 27, 2022 that the stock is Outperform, while JP Morgan gave the stock Overweight rating on April 28, 2022, issuing a price target of $7. Deutsche Bank on their part issued Buy rating on April 11, 2022.
