During the last session, Archer Aviation Inc (NYSE:ACHR)’s traded shares were 12.17 million, with the beta value of the company hitting 2.33. At the end of the trading day, the stock’s price was $3.06, reflecting an intraday loss of -2.24% or -$0.07. The 52-week high for the ACHR share is $7.01, that puts it down -129.08 from that peak though still a striking 1.96% gain since the share price plummeted to a 52-week low of $3.00. The company’s market capitalization is $1.09B, and the average intraday trading volume over the past 10 days was 10.99 million shares, and the average trade volume was 10.05 million shares over the past three months.
Archer Aviation Inc (ACHR) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.14. ACHR has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.32.
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Archer Aviation Inc (NYSE:ACHR) trade information
Archer Aviation Inc (ACHR) registered a -2.24% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.24% in intraday trading to $3.06, hitting a weekly high. The stock’s 5-day price performance is -7.27%, and it has moved by -19.05% in 30 days. Based on these gigs, the overall price performance for the year is -51.20%. The short interest in Archer Aviation Inc (NYSE:ACHR) is 60.02 million shares and it means that shorts have 6.77 day(s) to cover.
The consensus price target of analysts on Wall Street is $5.75, which implies an increase of 46.78% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4 and $7.5 respectively. As a result, ACHR is trading at a discount of -145.1% off the target high and -30.72% off the low.
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 -36.12% during the last six months, with a year-to-date growth rate more than the industry average at 31.58% against 11.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -68.40% this quarter and then jump 5.90% in the quarter after that.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 330k as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 2M by the end of current fiscal year.
While earnings are projected to return 25.70% 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 in October. 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 30.44% of total outstanding shares while institutional holders control 39.65%, with the float percentage being 57.00%. ARK INVESTMENT MANAGEMENT LLC is the largest shareholder of the company, while 281.0 institutions own stock in it. As of 2024-06-30, the company held over 25.46 million shares (or 7.9491% of all shares), a total value of $89.61 million in shares.
The next largest institutional holding, with 19.61 million shares, is of BLACKROCK INC.’s that is approximately 6.1242% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $69.04 million.
