In the latest trading session, 11.5 million Archer Aviation Inc (NYSE:ACHR) shares changed hands as the company’s beta touched 3.17. With the company’s most recent per share price at $8.55 changed hands at -$0.42 or -4.68% at last look, the market valuation stands at $3.64B. ACHR’s current price is a discount, trading about -45.96% off its 52-week high of $12.48. The share price had its 52-week low at $2.82, which suggests the last value was 67.02% up since then. When we look at Archer Aviation Inc’s average trading volume, we note the 10-day average is 41.22 million shares, with the 3-month average coming to 35.65 million.
Analysts gave the Archer Aviation Inc (ACHR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.56. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended ACHR as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Archer Aviation Inc’s EPS for the current quarter is expected to be -0.25.
Archer Aviation Inc (NYSE:ACHR) trade information
Instantly ACHR was in red as seen in intraday trades today. With action -25.72%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -12.31%, with the 5-day performance at -25.72% in the red. However, in the 30-day time frame, Archer Aviation Inc (NYSE:ACHR) is 10.75% up. Looking at the short shares, we see there were 73.58 million shares sold at short interest cover period of 1.61 days.
The consensus price target for the stock as assigned by Wall Street analysts is 7.5, meaning bulls need a downside of -14.0% from its recent market value. According to analyst projections, ACHR’s forecast low is 7.5 with 7.5 as the target high. To hit the forecast high, the stock’s price needs a 12.28% surge from its current level, while the stock would need to tank 12.28% for it to hit the projected low.
Archer Aviation Inc (ACHR) estimates and forecasts
Data shows that the Archer Aviation Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 69.31% over the past 6 months, a 30.26% in annual growth rate that is considerably higher than the industry average of 13.20%.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 200k. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.00%. The estimates for the next quarter sales put growth at 0.00%.
The 2025 estimates are for Archer Aviation Inc earnings to increase by 28.36%.
ACHR Dividends
Archer Aviation Inc is expected to release its next quarterly earnings report in February.
Archer Aviation Inc (NYSE:ACHR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 21.66% of Archer Aviation Inc shares while 29.67% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 37.88%. There are 29.67% institutions holding the Archer Aviation Inc stock share, with ARK INVESTMENT MANAGEMENT LLC the top institutional holder. As of 2024-06-30, the company held 7.9491% of the shares, roughly 25.46 million ACHR shares worth $89.61 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.1242% or 19.61 million shares worth $69.04 million as of 2024-06-30.
Among Mutual Funds, the top two as of Nov 30, 2024 were ARK ETF Tr-ARK Innovation ETF and Vanguard Total Stock Market Index Fund. With 16.33 shares estimated at $135.85 million under it, the former controlled 4.07% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 1.95% of the shares, roughly 7.82 shares worth around $65.03 million.
