Archer Aviation Inc (NYSE:ACHR) price on Wednesday, July 10, rose 2.57% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $4.39.
A look at the stock’s price movement, the close in the last trading session was $4.28. Turning to its 52-week performance, $7.49 and $3.00 were the 52-week high and 52-week low respectively. Overall, ACHR moved 30.65% over the past month.
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Archer Aviation Inc’s market cap currently stands at around $1.50 billion.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ACHR is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
ACHR’s current price about 21.89% and 21.47% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 67.10, while 7-day volatility ratio is 9.36% and 7.24% in the 30-day chart. Further, Archer Aviation Inc (ACHR) has a beta value of 2.37, and an average true range (ATR) of 0.28.
If we refocus on Archer Aviation Inc (NYSE:ACHR), historical trading data shows that trading volumes averaged 6.53 million over the past 3 months. The company’s latest data on shares outstanding shows there are 265.62 million shares.
The 40.57% of Archer Aviation Inc’s shares are in the hands of company insiders while institutional holders own 34.56% of the company’s shares. Current price change has pushed the stock -28.50% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ACHR stock continues to rise going into the next quarter.
