Archer Aviation Inc (NYSE:ACHR) traded at $4.46 at last check on Wednesday, July 24, made a downward move of -2.19% on its previous day’s price.
Looking at the stock we see that its previous close was $4.56 . In terms of its 52-week price range, ACHR has a high of $7.49 and a low of $3.00. The company’s stock has gained about 19.25% over that past 30 days.
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Archer Aviation Inc has a market cap of $1.52 billion. Estimates by analysts give the company expected earnings per share (EPS) of -0.33, with the EPS growth for the year raised at -1.3 for current year and -1.3 for next year.
Based on estimates by 4 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Archer Aviation Inc (ACHR) stock as a Hold, while 3 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 2.55% off its SMA20 and 17.62% from its 50-day simple moving average. The RSI (14) is pointing at 53.94 while the volatility over the past week is 6.10% and jumps to 7.65% over the past one month. The beta value is 2.37, while the average true range (ATR) is currently pointing at 0.30. The average price target for the stock over the next 12 months is $3.625, with the estimates having a low of $3.25 and a high of $4. These price ends are 27.13% and 10.31% off the today’s price level respectively, although investors could be excited at the prospect of a 18.72% if the ACHR share price touches on the median price of $3.625.
Coming back to Archer Aviation Inc (NYSE:ACHR), we note that the average 3-month trading volume was 7.53 million, while that of the preceding 10-day period stands at 10.14 million. Current shares outstanding are 265.62 million.
The insiders hold 40.57% of the company’s shares while institutions hold 37.71%. The data shows that short shares as of 2024-06-28, stood at 50.28 million at a short ratio of 5.92. This represents a 24.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.53000100000000224.530001000000002 short interest in shares outstanding on 2024-06-28. Shares short fall in June from the previous month at 57.92 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -27.36% down in year-to-date price movement.
