In last trading session, Archer Aviation Inc (NYSE:ACHR) saw 29.23 million shares changing hands with its beta currently measuring 2.28. Company’s recent per share price level of $3.50 trading at $0.29 or 9.03% at ring of the bell on the day assigns it a market valuation of $1.47B. That closing price of ACHR’s stock is at a discount of -100.29% from its 52-week high price of $7.01 and is indicating a premium of 19.43% from its 52-week low price of $2.82. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 13.09 million shares which gives us an average trading volume of 11.21 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 1.38. 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. The company is expected to be making an EPS of -0.32 in the current quarter.
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Archer Aviation Inc (NYSE:ACHR) trade information
Upright in the green during last session for gaining 9.03%, in the last five days ACHR remained trading in the green while hitting it’s week-highest on Thursday, 11/07/24 when the stock touched $3.50 price level, adding 4.11% to its value on the day. Archer Aviation Inc’s shares saw a change of -43.00% in year-to-date performance and have moved 11.11% in past 5-day. Archer Aviation Inc (NYSE:ACHR) showed a performance of 17.85% in past 30-days. Number of shares sold short was 59.15 million shares which calculate 5.02 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 39.13% 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 -14.29% in reaching the projected high whereas dropping to the targeted low would mean a loss of -14.29% 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 -7.16% of value to its shares in past 6 months, showing an annual growth rate of 41.45% while that of industry is 12.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 330k for the same. And 3 analysts are in estimates of company making revenue of 2M in the next quarter.
In 2024, company’s earnings growth rate is likely to be around 27.70% 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 30.40% of company’s total shares while institution are holding 38.44 percent of that, with stock having share float percentage of 55.23%. Investors also watch the number of corporate investors in a company very closely, which is 38.44% 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.
