Archer Aviation Inc (NYSE:ACHR) shares, rose in value, with the stock price down by -3.24% to the previous day’s close as strong demand from buyers drove the stock to $7.32.
Actively observing the price movement in the recent trading, the stock is buoying the session at $7.56. 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 -20.05% over the past month.
With the market capitalization of Archer Aviation Inc currently standing at about $3.97 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.83M.
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 Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of ACHR currently trading nearly -17.68% and -21.94% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.45, while the 7-day volatility ratio is showing 17.17% which for the 30-day chart, stands at 12.00%. Furthermore, Archer Aviation Inc (ACHR)’s beta value is 3.16, and its average true range (ATR) is 0.97.
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 -3.24% in today’s session so far, and over the past year, it grew by 73.75%%.
Data on historical trading for Archer Aviation Inc (NYSE:ACHR) indicates that the trading volumes over the past 3 months, they’ve averaged 37.38 million. According to company’s latest data on outstanding shares, there are 503.78 million shares outstanding.
Nearly 27.11% of Archer Aviation Inc’s shares belong to company insiders and institutional investors own 48.32% of the company’s shares. The stock has fallen by -24.97% 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.
