Archer Aviation Inc (NYSE:ACHR)’s traded shares stood at 48.49 million during the last session, with the company’s beta value hitting 3.19. At the close of trading, the stock’s price was $10.80, to imply an increase of 15.14% or $1.42 in intraday trading. The ACHR share’s 52-week high remains $10.58, putting it 2.04% up since that peak but still an impressive 73.89% since price per share fell to its 52-week low of $2.82. The company has a valuation of $5.29B, with an average of 56.98 million shares in intraday trading volume over the past 10 days and average of 29.88 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 1.33. 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 -0.26.
Archer Aviation Inc (NYSE:ACHR) trade information
After registering a 15.14% upside in the last session, Archer Aviation Inc (ACHR) has traded red over the past five days. The 5-day price performance for the stock is 17.60%, and 76.99% over 30 days. With these gigs, the year-to-date price performance is 74.10%. Short interest in Archer Aviation Inc (NYSE:ACHR) saw shorts transact 71.44 million shares and set a 2.27 days time to cover.
The extremes give us $7.5 and $7.5 for target low and target high price respectively. As such, ACHR has been trading 30.56% off suggested target high and 30.56% 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 192.88% up over the last 6 months, with its year-to-date growth rate higher than industry average at 34.87% against 15.30%.
Revenue forecast for the current quarter as set by 5 analysts is 200k.
ACHR Dividends
Archer Aviation Inc has its next earnings report out in January. 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 25.56% of total outstanding shares, with institutional holders owning 37.27% of the shares at 50.07% float percentage. In total, 37.27% 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.
We also have ARK ETF Tr-ARK Innovation ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Archer Aviation Inc (ACHR) shares. Going by data provided on Oct 31, 2024 , ARK ETF Tr-ARK Innovation ETF holds roughly 16.62 shares. This is just over 4.14% of the total shares, with a market valuation of $179.46 million. Data from the same date shows that the other fund manager holds a little less at 7.82, or 1.95% of the shares, all valued at about 84.42 million.
