In today’s recent session, 1.55 million shares of the Archer Aviation Inc (NYSE:ACHR) have been traded, and its beta is 2.44. Most recently the company’s share price was $4.06, and it changed around $0.13 or 3.31% from the last close, which brings the market valuation of the company to $1.31B. ACHR at last check was trading at a discount to its 52-week high of $7.49, offering almost -84.48% off that amount. The share price’s 52-week low was $1.77, which indicates that the recent value has risen by an impressive 56.4% since then. We note from Archer Aviation Inc’s average daily trading volume that its 3-month average coming to 5.42 million.
Archer Aviation Inc (NYSE:ACHR) trade information
Instantly ACHR has been showing a green trend so far today with a performance of 3.31% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -33.88% year-to-date, but still up 5.18% over the last five days. On the other hand, Archer Aviation Inc (NYSE:ACHR) is -16.97% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $4, which translates to bulls needing to decrease their stock price by -1.5% from its current value. Analyst projections state that ACHR is forecast to be at a low of $4 and a high of $4.
Archer Aviation Inc (ACHR) estimates and forecasts
Archer Aviation Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -16.63 percent over the past six months and at a 25.00% annual growth rate that is well above the industry average of 14.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 30.40% in revenue this quarter, and will report an increase of 53.40% in the next quarter.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of $500k in revenue for the current quarter. 2 analysts expect Archer Aviation Inc to make $500k in revenue for the quarter ending Jun 2024.
Archer Aviation Inc earnings are expected to increase by -2.47% in 2024, but the outlook is negative -12.84% per year for the next five years.
