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Archer Aviation Inc. Shares Are Down -25.56% Since The Beginning Of The Year

Archer Aviation Inc. (NYSE:ACHR) has seen 2.33 million shares traded in the last trading session. The company, currently valued at $645.10M, closed the last trade at $2.68 per share which meant it lost -$0.13 on the day or -4.63% during that session. The ACHR stock price is -95.52% off its 52-week high price of $5.24 and 39.55% above the 52-week low of $1.62. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.22 million shares traded. The 3-month trading volume is 1.66 million shares.

The consensus among analysts is that Archer Aviation Inc. (ACHR) is an Overweight stock at the moment, with a recommendation rating of 2.20. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 1 out of 6 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.28.

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Archer Aviation Inc. (NYSE:ACHR) trade information

Sporting -4.63% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, 01/23/23 when the ACHR stock price touched $2.68 or saw a rise of 16.51%. Year-to-date, Archer Aviation Inc. shares have moved 43.32%, while the 5-day performance has seen it change 3.08%. Over the past 30 days, the shares of Archer Aviation Inc. (NYSE:ACHR) have changed 37.44%. Short interest in the company has seen 12.68 million shares shorted with days to cover at 8.07.

Archer Aviation Inc. (ACHR) estimates and forecasts

Figures show that Archer Aviation Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -14.92% over the past 6 months, with this year growth rate of 69.75%, compared to -2.20% for the industry.

ACHR Dividends

Archer Aviation Inc. is expected to release its next earnings report between March 13 and March 17 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Archer Aviation Inc. (NYSE:ACHR)’s Major holders

Insiders own 26.50% of the company shares, while shares held by institutions stand at 42.98% with a share float percentage of 58.48%. Investors are also buoyed by the number of investors in a company, with Archer Aviation Inc. having a total of 151 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 9.68 million shares worth more than $29.8 million. As of Jun 29, 2022, Blackrock Inc. held 5.55% of shares outstanding.

The other major institutional holder is ARK Investment Management, LLC, with the holding of over 9.5 million shares as of Sep 29, 2022. The firm’s total holdings are worth over $24.8 million and represent 5.45% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are ARK ETF Tr-ARK Autonomous Technology & Robotics ETF and SPDR (R) Ser Tr-SPDR S&P Aerospace & Defense ETF. As of Sep 29, 2022, the former fund manager holds about 4.35% shares in the company for having 7.58 million shares of worth $19.79 million while later fund manager owns 5.3 million shares of worth $13.83 million as of Sep 29, 2022, which makes it owner of about 3.04% of company’s outstanding stock.

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