Archer Aviation Inc (NYSE:ACHR) Currently -38.05% Below Its 52-Week High, But There May Be A Surprise Downside

In last trading session, Archer Aviation Inc (NYSE:ACHR) saw 14.59 million shares changing hands with its beta currently measuring 3.12. Company’s recent per share price level of $9.04 trading at -$0.12 or -1.31% at ring of the bell on the day assigns it a market valuation of $3.84B. That closing price of ACHR’s stock is at a discount of -38.05% from its 52-week high price of $12.48 and is indicating a premium of 68.81% 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 26.63 million shares which gives us an average trading volume of 38.64 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 1.56. 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 -0.25 in the current quarter.

Archer Aviation Inc (NYSE:ACHR) trade information

Upright in the red during last session for losing -1.31%, in the last five days ACHR remained trading in the red while hitting it’s week-highest on Friday, 01/24/25 when the stock touched $9.04 price level, adding 14.72% to its value on the day. Archer Aviation Inc’s shares saw a change of -7.28% in year-to-date performance and have moved -7.47% in past 5-day. Archer Aviation Inc (NYSE:ACHR) showed a performance of -20.21% in past 30-days. Number of shares sold short was 57.74 million shares which calculate 1.29 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 7.5 to the stock, which implies a fall of -20.53% to its current value. Analysts have been projecting 7.5 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 jump 17.04% in reaching the projected high whereas dropping to the targeted low would mean a gain of 17.04% 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 added 102.69% of value to its shares in past 6 months, showing an annual growth rate of 31.58% while that of industry is 15.10. Apart from that, the company came raising its revenue forecast for fiscal year 2025.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 200k for the same.

In 2025, company’s earnings growth rate is likely to be around 26.95% while estimates for its earnings growth in next 5 years are of 23.61%.

Archer Aviation Inc (NYSE:ACHR)’s Major holders

Insiders are in possession of 15.98% of company’s total shares while institution are holding 29.64 percent of that, with stock having share float percentage of 35.27%. Investors also watch the number of corporate investors in a company very closely, which is 29.64% 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.

On the other hand, ARK ETF Tr-ARK Innovation ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Nov 30, 2024 , the former fund manager was holding 16.33 shares of worth $147.62 million or 4.07% of the total outstanding shares. The later fund manager was in possession of 7.82 shares on Sep 30, 2024 , making its stake of worth around $70.66 million in the company or a holder of 1.95% of company’s stock.