Archer Aviation Inc (NYSE:ACHR) shares, rose in value on Wednesday, January 22, with the stock price up by 0.72% to the previous day’s close as strong demand from buyers drove the stock to $9.77.
Actively observing the price movement in the last trading, the stock closed the session at $9.70, falling within a range of $9.4 and $10.18. The value of beta (5-year monthly) was 2.295. Referring to stock’s 52-week performance, its high was $12.48, and the low was $2.82. On the whole, ACHR has fluctuated by 9.16% over the past month.
With the market capitalization of Archer Aviation Inc currently standing at about $4.15 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 50% 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 -1.18% and 23.20% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.84, while the 7-day volatility ratio is showing 9.13% which for the 30-day chart, stands at 11.61%. Furthermore, Archer Aviation Inc (ACHR)’s beta value is 3.14, and its average true range (ATR) is 1.04.
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 0.72% in last session, and over the past year, it grew by 93.08%%.
Data on historical trading for Archer Aviation Inc (NYSE:ACHR) indicates that the trading volumes over the past 10 days have averaged 32.11 and over the past 3 months, they’ve averaged 38.03 million. According to company’s latest data on outstanding shares, there are 383.79 million shares outstanding.
Nearly 39.81% of Archer Aviation Inc’s shares belong to company insiders and institutional investors own 34.74% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 72.26 million shares as on 2024-12-31, resulting in a short ratio of 1.39. According to the data, the short interest in Archer Aviation Inc (ACHR) stood at 1654.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 71.44 million. The stock has risen by 0.21% 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.
