Archer Aviation Inc (NYSE:ACHR) has a beta value of 3.13 and has seen 11.35 million shares traded in the recent trading session. The company, currently valued at $3.96B, closed the recent trade at $9.32 per share which meant it lost -$0.65 on the day or -6.52% during that session. The ACHR stock price is -33.91% off its 52-week high price of $12.48 and 69.74% 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 28.96 million shares traded. The 3-month trading volume is 38.50 million shares.
The consensus among analysts is that Archer Aviation Inc (ACHR) is Buy stock at the moment, with a recommendation rating of 1.56. 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.
Archer Aviation Inc (NYSE:ACHR) trade information
Sporting -6.52% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the ACHR stock price touched $9.32 or saw a rise of 12.08%. Year-to-date, Archer Aviation Inc shares have moved -4.41%, while the 5-day performance has seen it change 5.67%. Over the past 30 days, the shares of Archer Aviation Inc (NYSE:ACHR) have changed -0.64%. Short interest in the company has seen 72.26 million shares shorted with days to cover at 1.39.
Wall Street analysts have a consensus price target for the stock at $7.5, which means that the shares’ value could drop -24.27% from the levels at last check today. The projected low price target is $7.5 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 19.53% off the targeted high while a plunge would see the stock lose 19.53% 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 gained 111.82% over the past 6 months, with this year growth rate of 31.58%, compared to 15.30% for the industry.
Earnings growth for 2025 is a modest 26.95% while over the next 5 years, the company’s earnings are expected to increase by 23.61%.
ACHR Dividends
Archer Aviation Inc is expected to release its next earnings report in February 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 15.98% of the company shares, while shares held by institutions stand at 29.87% with a share float percentage of 35.55%. Investors are also buoyed by the number of investors in a company, with Archer Aviation Inc having a total of 344.0 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.
Also the top two Mutual Funds that are holding company’s shares are ARK ETF Tr-ARK Innovation ETF and Vanguard Total Stock Market Index Fund. As of Nov 30, 2024 , the former fund manager holds about 4.07% shares in the company for having 16.33 shares of worth $150.43 million while later fund manager owns 7.82 shares of worth $72.01 million as of Sep 30, 2024 , which makes it owner of about 1.95% of company’s outstanding stock.
