Archer Aviation Inc (NYSE: ACHR): A Suicide Machine Or A Millionaire’s Dream?

In the last trading session, 20.84 million shares of the Archer Aviation Inc (NYSE:ACHR) were traded, and its beta was 2.39. Most recently the company’s share price was $5.05, and it changed around $0.48 or 10.50% from the last close, which brings the market valuation of the company to $1.72B. ACHR currently trades at a discount to its 52-week high of $7.49, offering almost -48.32% off that amount. The share price’s 52-week low was $3.00, which indicates that the current value has risen by an impressive 40.59% since then. We note from Archer Aviation Inc’s average daily trading volume that its 3-month average coming to 6.69 million.

Archer Aviation Inc (NYSE:ACHR) trade information

Instantly ACHR has showed a green trend with a performance of 10.50% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -17.75% year-to-date, but still up 14.77% over the last five days. On the other hand, Archer Aviation Inc (NYSE:ACHR) is 53.03% up in the 30-day period.

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The consensus price target as assigned by Wall Street analysts is $3.63, which translates to bulls needing to decrease their stock price by -39.12% from its current value. Analyst projections state that ACHR is forecast to be at a low of $3.25 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 -6.13 percent over the past six months and at a 38.16% annual growth rate that is well above the industry average of 15.30%.

Archer Aviation Inc earnings are expected to increase by 16.51% in 2024, but the outlook is negative -12.84% per year for the next five years.

ACHR Dividends

Archer Aviation Inc’s next quarterly earnings report is expected to be released in August.