Archer Aviation Inc (NYSE:ACHR) shares, rose in value on Thursday, January 02, with the stock price down by -1.85% to the previous day’s close as strong demand from buyers drove the stock to $9.57.
Actively observing the price movement in the last trading, the stock closed the session at $9.75, falling within a range of $9.33 and $10.09. The value of beta (5-year monthly) was 2.295. Referring to stock’s 52-week performance, its high was $11.69, and the low was $2.82. On the whole, ACHR has fluctuated by 31.10% over the past month.
With the market capitalization of Archer Aviation Inc currently standing at about $4.07 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Wall Street analysts also predicted that the company’s y-o-y revenues would reach 200k.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ACHR’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of ACHR currently trading nearly 7.36% and 49.94% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.11, while the 7-day volatility ratio is showing 8.64% which for the 30-day chart, stands at 12.87%. Furthermore, Archer Aviation Inc (ACHR)’s beta value is 3.16, and its average true range (ATR) is 1.05.
A comparison of Archer Aviation Inc (ACHR) with its peers suggests the former has fared considerably weaker in the market. ACHR showed an intraday change of -1.85% in last session, and over the past year, it grew by 64.72%%.
Data on historical trading for Archer Aviation Inc (NYSE:ACHR) indicates that the trading volumes over the past 10 days have averaged 49.77 and over the past 3 months, they’ve averaged 32.26 million. According to company’s latest data on outstanding shares, there are 383.79 million shares outstanding.
Nearly 31.70% of Archer Aviation Inc’s shares belong to company insiders and institutional investors own 34.51% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 73.58 million shares as on 2024-12-13, resulting in a short ratio of 1.61. According to the data, the short interest in Archer Aviation Inc (ACHR) stood at 1836.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 76.61 million. The stock has fallen by -1.85% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ACHR stock heading into the next quarter.
