Archer Aviation Inc (NYSE:ACHR)’s traded shares stood at 2.76 million during the latest session, with the company’s beta value hitting 2.29. At the last check today, the stock’s price was $3.06, to imply a decrease of -4.27% or -$0.14 in intraday trading. The ACHR share’s 52-week high remains $7.01, putting it -129.08% down since that peak but still an impressive 7.84% since price per share fell to its 52-week low of $2.82. The company has a valuation of $1.09B, with an average of 12.67 million shares in intraday trading volume over the past 10 days and average of 10.28 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Archer Aviation Inc (ACHR), translating to a mean rating of 1.14. Of 4 analyst(s) looking at the stock, 0 analyst(s) give ACHR a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.32.
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Archer Aviation Inc (NYSE:ACHR) trade information
After registering a -4.27% downside in the latest session, Archer Aviation Inc (ACHR) has traded red over the past five days. The 5-day price performance for the stock is 4.91%, and -8.82% over 30 days. With these gigs, the year-to-date price performance is -50.11%. Short interest in Archer Aviation Inc (NYSE:ACHR) saw shorts transact 49.49 million shares and set a 5.13 days time to cover.
The extremes give us $4 and $7.5 for target low and target high price respectively. As such, ACHR has been trading -145.1% off suggested target high and -30.72% from its likely low.
Archer Aviation Inc (ACHR) estimates and forecasts
Looking at statistics comparing Archer Aviation Inc share performance against respective industry, we note that the company has outperformed competitors. Archer Aviation Inc (ACHR) shares are -28.76% down over the last 6 months, with its year-to-date growth rate higher than industry average at 31.58% against 11.60%. Revenue is forecast to shrink -68.40% this quarter before jumping 5.90% for the next one.
Revenue forecast for the current quarter as set by 3 analysts is 330k. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 2M.
ACHR Dividends
Archer Aviation Inc has its next earnings report out on 2024-Nov-07. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Archer Aviation Inc (NYSE:ACHR)’s Major holders
Archer Aviation Inc insiders hold 30.48% of total outstanding shares, with institutional holders owning 39.65% of the shares at 57.03% float percentage. In total, 39.65% institutions holds shares in the company, led by ARK INVESTMENT MANAGEMENT LLC. As of 2024-06-30, the company held over 25.46 million shares (or 7.9491% of shares), all amounting to roughly $89.61 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 19.61 million shares, or about 6.1242% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $69.04 million.
