In the last trading session, 23.43 million shares of the Archer Aviation Inc (NYSE:ACHR) were traded, and its beta was 3.07. Most recently the company’s share price was $8.93, and it changed around $0.21 or 2.41% from the last close, which brings the market valuation of the company to $4.84B. ACHR currently trades at a discount to its 52-week high of $12.48, offering almost -39.75% off that amount. The share price’s 52-week low was $2.82, which indicates that the current value has risen by an impressive 68.42% since then. We note from Archer Aviation Inc’s average daily trading volume that its 10-day average is 25.96 million shares, with the 3-month average coming to 32.65 million.
Archer Aviation Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.56. If we narrow it down even further, the data shows that 0 out of 9 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 2 recommended ACHR as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Archer Aviation Inc is expected to report earnings per share of -0.22 for the current quarter.
Archer Aviation Inc (NYSE:ACHR) trade information
Instantly ACHR has showed a green trend with a performance of 2.41% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 9.18 on recent trading dayincreased the stock’s daily price by 2.72%. The company’s shares are currently down -8.41% year-to-date, but still up 7.46% over the last five days. On the other hand, Archer Aviation Inc (NYSE:ACHR) is -2.19% down in the 30-day period. We can see from the shorts that 53.64 million shares have been sold at a short interest cover period of 1.57 day(s).
The consensus price target as assigned by Wall Street analysts is $13.5, which translates to bulls needing to increase their stock price by 33.85% from its current value. Analyst projections state that ACHR is forecast to be at a low of $13.5 and a high of $13.5.
Archer Aviation Inc (ACHR) estimates and forecasts
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 1.83M in revenue for the current quarter. 6 analysts expect Archer Aviation Inc to make 7.5M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 0.00%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -60.86%. Archer Aviation Inc earnings are expected to increase by 26.86% in 2025, but the outlook is positive 15.87% per year for the next five years.
Archer Aviation Inc (NYSE:ACHR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 14.41% of Archer Aviation Inc shares, and 39.06% of them are in the hands of institutional investors. The stock currently has a share float of 45.64%. Archer Aviation Inc stock is held by 438.0 institutions, with ARK INVESTMENT MANAGEMENT LLC being the largest institutional investor. By 2024-06-30, it held 7.6203% of the shares, which is about 25.46 million shares worth $89.61 million.
BLACKROCK INC., with 6.1242% or 19.61 million shares worth $69.04 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
ARK Innovation ETF and SPDR(R) S&P(R) Aerospace & Defense ETF were the top two Mutual Funds as of Feb 28, 2025 . The former held 17.19 shares worth $153.51 million, making up 3.17% of all outstanding shares. On the other hand, SPDR(R) S&P(R) Aerospace & Defense ETF held roughly 11.1 shares worth around $99.09 million, which represents about 2.05% of the total shares outstanding.
