In last trading session, Archer Aviation Inc (NYSE:ACHR) saw 13.46 million shares changing hands with its beta currently measuring 2.32. Company’s recent per share price level of $2.92 trading at $0.01 or 0.34% at ring of the bell on the day assigns it a market valuation of $1.04B. That closing price of ACHR’s stock is at a discount of -140.07% from its 52-week high price of $7.01 and is indicating a premium of 0.68% from its 52-week low price of $2.90. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 11.39 million shares which gives us an average trading volume of 9.90 million if we extend that period to 3-months.
For Archer Aviation Inc (ACHR), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.14. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
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Archer Aviation Inc (NYSE:ACHR) trade information
Upright in the green during last session for gaining 0.34%, in the last five days ACHR remained trading in the red while hitting it’s week-highest on Friday, 09/20/24 when the stock touched $2.92 price level, adding 6.41% to its value on the day. Archer Aviation Inc’s shares saw a change of -52.44% in year-to-date performance and have moved -4.26% in past 5-day. Archer Aviation Inc (NYSE:ACHR) showed a performance of -22.55% in past 30-days. Number of shares sold short was 49.49 million shares which calculate 5.13 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 5.75 to the stock, which implies a rise of 49.22% to its current value. Analysts have been projecting 4 as a low price target for the stock while placing it at a high target of 7.5. It follows that stock’s current price would drop -36.99% in reaching the projected high whereas dropping to the targeted low would mean a loss of -36.99% for stock’s current value.
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 -38.40% of value to its shares in past 6 months, showing an annual growth rate of 31.58% while that of industry is 12.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
In 2024, company’s earnings growth rate is likely to be around 25.70% while estimates for its earnings growth in next 5 years are of -12.84%.
Archer Aviation Inc (NYSE:ACHR)’s Major holders
Insiders are in possession of 30.48% of company’s total shares while institution are holding 39.65 percent of that, with stock having share float percentage of 57.03%. Investors also watch the number of corporate investors in a company very closely, which is 39.65% 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 25.46 million shares of worth $89.61 million. And as of 2024-06-30, it was holding 7.9491 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 19.61 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.1242 of outstanding shares, having a total worth of $69.04 million.
