In the latest trading session, 8.64 million Archer Aviation Inc (NYSE:ACHR) shares changed hands as the company’s beta touched 3.11. With the company’s most recent per share price at $8.28 changing hands around $0.38 or 4.87% at last look, the market valuation stands at $4.49B. ACHR’s current price is a discount, trading about -50.72% 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 65.94% up since then. When we look at Archer Aviation Inc’s average trading volume, we note the 10-day average is 26.56 million shares, with the 3-month average coming to 35.72 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 -0.22.
Archer Aviation Inc (NYSE:ACHR) trade information
Instantly ACHR is in green as seen in intraday trades today. With action 21.84%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -15.03%, with the 5-day performance at 21.84% in the green. However, in the 30-day time frame, Archer Aviation Inc (NYSE:ACHR) is -12.97% down. Looking at the short shares, we see there were 53.64 million shares sold at short interest cover period of 1.57 days.
The consensus price target for the stock as assigned by Wall Street analysts is 13.5, meaning bulls need an upside of 38.67% from its recent market value. According to analyst projections, ACHR’s forecast low is 13.5 with 13.5 as the target high. To hit the forecast high, the stock’s price needs a -63.04% plunge from its current level, while the stock would need to soar -63.04% for it to hit the projected low.
Archer Aviation Inc (ACHR) estimates and forecasts
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 1.83M. 6 analysts are of the opinion that Archer Aviation Inc’s revenue for the current quarter will be 7.5M. 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%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -60.86%. The 2025 estimates are for Archer Aviation Inc earnings to increase by 26.86%, but the outlook for the next 5-year period is at 15.87% per year.
Archer Aviation Inc (NYSE:ACHR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 14.41% of Archer Aviation Inc shares while 39.24% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 45.86%. There are 39.24% 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 7.6203% 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 Jan 31, 2025 were ARK ETF Tr-ARK Innovation ETF and SPDR (R) Ser Tr-SPDR S&P Aerospace & Defense ETF. With 16.92 shares estimated at $138.78 million under it, the former controlled 3.12% of total outstanding shares. On the other hand, SPDR (R) Ser Tr-SPDR S&P Aerospace & Defense ETF held about 1.97% of the shares, roughly 10.7 shares worth around $87.71 million.
