Archer Aviation Inc (NYSE:ACHR) has a beta value of 2.29 and has seen 1.81 million shares traded in the recent trading session. The company, currently valued at $1.23B, closed the recent trade at $3.32 per share which meant it gained $0.04 on the day or 1.07% during that session. The ACHR stock price is -111.14% off its 52-week high price of $7.01 and 15.06% above the 52-week low of $2.82. If we look at the company’s 10-day average daily trading volume, we find that it stood at 14.83 million shares traded. The 3-month trading volume is 11.01 million shares.
The consensus among analysts is that Archer Aviation Inc (ACHR) is Buy stock at the moment, with a recommendation rating of 1.38. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 4 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.32.
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Archer Aviation Inc (NYSE:ACHR) trade information
Sporting 1.07% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ACHR stock price touched $3.32 or saw a rise of 4.6%. Year-to-date, Archer Aviation Inc shares have moved -46.01%, while the 5-day performance has seen it change -2.79%. Over the past 30 days, the shares of Archer Aviation Inc (NYSE:ACHR) have changed 11.24%. Short interest in the company has seen 59.15 million shares shorted with days to cover at 5.02.
Wall Street analysts have a consensus price target for the stock at $5.75, which means that the shares’ value could jump 42.26% from the levels at last check today. The projected low price target is $4.0 while the price target rests at a high of $7.5. In that case, then, we find that the latest price level in today’s session is -125.9% off the targeted high while a plunge would see the stock gain -20.48% from the levels at last check today.
Archer Aviation Inc (ACHR) estimates and forecasts
Figures show that Archer Aviation Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -16.29% over the past 6 months, with this year growth rate of 41.45%, compared to 12.70% for the industry.
3 analysts offering their estimates for the company have set an average revenue estimate of 330k for the current quarter. 3 have an estimated revenue figure of 2M for the next ending quarter.
Earnings growth for 2024 is a modest 27.70% while over the next 5 years, the company’s earnings are expected to decrease by -12.84%.
ACHR Dividends
Archer Aviation Inc is expected to release its next earnings report on 2024-Nov-07 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Archer Aviation Inc (NYSE:ACHR)’s Major holders
Insiders own 30.40% of the company shares, while shares held by institutions stand at 38.70% with a share float percentage of 55.60%. Investors are also buoyed by the number of investors in a company, with Archer Aviation Inc having a total of 289.0 institutions that hold shares in the company. The top two institutional holders are ARK INVESTMENT MANAGEMENT LLC with over 25.46 million shares worth more than $89.61 million. As of 2024-06-30, ARK INVESTMENT MANAGEMENT LLC held 7.9491% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 19.61 million shares as of 2024-06-30. The firm’s total holdings are worth over $69.04 million and represent 6.1242% of shares outstanding.
