In recent trading session, Archer Aviation Inc (NYSE:ACHR) saw 0.74 million shares changing hands at last check today with its beta currently measuring 2.44. Company’s recent per share price level of $4.18 trading at $0.02 or 0.45% at last check today assigns it a market valuation of $1.30B. That most recent trading price of ACHR’s stock is at a discount of -79.19% from its 52-week high price of $7.49 and is indicating a premium of 57.66% from its 52-week low price of $1.77. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.93 million shares which gives us an average trading volume of 5.51 million if we extend that period to 3-months.
Archer Aviation Inc (NYSE:ACHR) trade information
Upright in the green today for gaining 0.45%, in the last five days ACHR remained trading in the red while hitting it’s week-highest on Friday, 04/05/24 when the stock touched $4.18 price level, adding 5.43% to its value on the day. Archer Aviation Inc’s shares saw a change of -31.94% in year-to-date performance and have moved -2.82% in past 5-day. Archer Aviation Inc (NYSE:ACHR) showed a performance of -18.06% in past 30-days. Number of shares sold short was 49.21 million shares which calculate 6.39 days to cover the short interests.
Archer Aviation Inc (ACHR) estimates and forecasts
Statistics highlight that Archer Aviation Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -22.47% of value to its shares in past 6 months, showing an annual growth rate of 25.00% while that of industry is 14.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 30.40% in the current quarter and calculating 53.40% increase in the next quarter.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $500k for the same. And 2 analysts are in estimates of company making revenue of $500k in the next quarter that will end on Jun 2024.
In 2024, company’s earnings growth rate is likely to be around -2.47% while estimates for its earnings growth in next 5 years are of -12.84%.
ACHR Dividends
Archer Aviation Inc is more likely to be releasing its next quarterly report between May 09 and May 13 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Archer Aviation Inc (NYSE:ACHR)’s Major holders
Insiders are in possession of 27.40% of company’s total shares while institution are holding 45.76 percent of that, with stock having share float percentage of 63.04%. Investors also watch the number of corporate investors in a company very closely, which is 45.76% institutions for Archer Aviation Inc that are currently holding shares of the company. ARK Investment Management, LLC is the top institutional holder at ACHR for having 24.91 million shares of worth $104.36 million. And as of Dec 30, 2023, it was holding 9.15% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 15.32 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 5.63% of outstanding shares, having a total worth of $64.21 million.
On the other hand, ARK ETF Tr-ARK Innovation ETF and SPDR (R) Ser Tr-SPDR S&P Aerospace & Defense ETF are the top two Mutual Funds which own company’s shares. As of Feb 28, 2024, the former fund manager was holding 17.65 million shares of worth $73.95 million or 6.48% of the total outstanding shares. The later fund manager was in possession of 11.33 million shares on Feb 28, 2024, making its stake of worth around $47.45 million in the company or a holder of 4.16% of company’s stock.
