Now Is A Good Time To Buy Archer Aviation Inc (NYSE: ACHR)

During the last session, Archer Aviation Inc (NYSE:ACHR)’s traded shares were 3.56 million, with the beta value of the company hitting 2.43. At the end of the trading day, the stock’s price was $4.41, reflecting an intraday gain of 1.85% or $0.08. The 52-week high for the ACHR share is $7.49, that puts it down -69.84 from that peak though still a striking 59.86% gain since the share price plummeted to a 52-week low of $1.77. The company’s market capitalization is $1.37B, and the average intraday trading volume over the past 10 days was 4.82 million shares, and the average trade volume was 5.50 million shares over the past three months.

Archer Aviation Inc (NYSE:ACHR) trade information

Archer Aviation Inc (ACHR) registered a 1.85% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.85% in intraday trading to $4.41, hitting a weekly high. The stock’s 5-day price performance is -7.93%, and it has moved by -1.56% in 30 days. Based on these gigs, the overall price performance for the year is 54.20%. The short interest in Archer Aviation Inc (NYSE:ACHR) is 49.21 million shares and it means that shorts have 6.39 day(s) to cover.

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Archer Aviation Inc (ACHR) estimates and forecasts

Statistics show that Archer Aviation Inc has outperformed its competitors in share price, compared to the industry in which it operates. Archer Aviation Inc (ACHR) shares have gone down -8.88% during the last six months, with a year-to-date growth rate more than the industry average at 25.00% against 14.30.

While earnings are projected to return -2.47% in 2024, the next five years will return -12.84% per annum.

ACHR Dividends

Archer Aviation Inc is due to release its next quarterly earnings between May 09 and May 13. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

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

Archer Aviation Inc insiders own 27.40% of total outstanding shares while institutional holders control 45.76%, with the float percentage being 63.04%. ARK Investment Management, LLC is the largest shareholder of the company, while 281 institutions own stock in it. As of Sep 29, 2023, the company held over 23.79 million shares (or 11.41% of all shares), a total value of $120.38 million in shares.

The next largest institutional holding, with 12.67 million shares, is of Blackrock Inc.’s that is approximately 6.07% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $52.19 million.

Also, the Mutual Funds coming in first place with the largest holdings of Archer Aviation Inc (ACHR) shares are ARK ETF Tr-ARK Innovation ETF and ARK ETF Tr-ARK Autonomous Technology & Robotics ETF. Data provided on Sep 29, 2023 indicates that ARK ETF Tr-ARK Innovation ETF owns about 12.15 million shares. This amounts to just over 5.83 percent of the company’s overall shares, with a $61.49 million market value. The same data shows that the other fund manager holds slightly less at 7.82 million, or about 3.75% of the stock, which is worth about $39.57 million.