Currently, there are 503.78M common shares owned by the public and among those 309.52M shares have been available to trade.
The company’s stock has a 5-day price change of -2.74% and 18.72% over the past three months. ACHR shares are trading -8.92% year to date (YTD), with the 12-month market performance up to 85.00% higher. It has a 12-month low price of $2.82 and touched a high of $12.48 over the same period. ACHR has an average intraday trading volume of 40.16 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 -3.98%, -6.43%, and 64.35% respectively.
Institutional ownership of Archer Aviation Inc (NYSE: ACHR) shares accounts for 48.29% of the company’s 503.78M shares outstanding.
It has a market capitalization of $4.09B and a beta (3y monthly) value of 3.17. The earnings-per-share (ttm) stands at -$1.43. Price movements for the stock have been influenced by the stock’s volatility, which stands at 14.84% over the week and 10.90% over the month.
Analysts forecast that Archer Aviation Inc (ACHR) will achieve an EPS of -0.22 for the current quarter, -0.21 for the next quarter and -0.77 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.24 while analysts give the company a high EPS estimate of -0.24. Comparatively, EPS for the current quarter was -0.13 a year ago. Earnings per share for the fiscal year are expected to increase by 26.37%, and 16.68% over the next financial year. EPS should grow at an annualized rate of 16.69% over the next five years, compared to -60.86% over the past 5-year period.
Looking at the support for the ACHR, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on January 10, 2025, with the firm’s price target at $6-$9. Needham coverage for the Archer Aviation Inc (ACHR) stock in a research note released on November 19, 2024 offered a Buy rating with a price target of $11. H.C. Wainwright was of a view on September 03, 2024 that the stock is Buy, while Canaccord Genuity gave the stock Buy rating on June 09, 2023, issuing a price target of $9. Raymond James on their part issued Outperform rating on July 27, 2022.
