Archer Aviation Inc (NYSE:ACHR) price on Thursday, March 20, fall -0.96% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $8.28.
A look at the stock’s price movement, the close in the last trading session was $8.36, moving within a range at $8.18 and $8.46. The beta value (5-Year monthly) was 3.143. Turning to its 52-week performance, $12.48 and $2.82 were the 52-week high and 52-week low respectively. Overall, ACHR moved -17.69% over the past month.
Archer Aviation Inc’s market cap currently stands at around $4.49 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-26.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ACHR is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 3 recommend ACHR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ACHR’s current price about 4.39% and -6.55% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.11, while 7-day volatility ratio is 5.27% and 10.59% in the 30-day chart. Further, Archer Aviation Inc (ACHR) has a beta value of 3.10, and an average true range (ATR) of 0.77. Analysts have given the company’s stock an average 52-week price target of $13.5, forecast between a low of $13.5 and high of $13.5. Looking at the price targets, the low is -63.04% off current price level while to achieve the yearly target high, price needs to move -63.04%. Nonetheless, investors will most likely welcome a -63.04% jump to $13.5 which is the analysts’ median price.
If we refocus on Archer Aviation Inc (NYSE:ACHR), historical trading data shows that trading volumes averaged 23.77 over the past 10 days and 33.25 million over the past 3 months. The company’s latest data on shares outstanding shows there are 503.78 million shares.
The 24.88% of Archer Aviation Inc’s shares are in the hands of company insiders while institutional holders own 37.82% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 53.64 million on 2025-02-28, giving us a short ratio of 1.57. The data shows that as of 2025-02-28 short interest in Archer Aviation Inc (ACHR) stood at 1122.9999 of shares outstanding, with shares short rising to 47.05 million registered in 2025-01-31. Current price change has pushed the stock -15.08% 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.
