Archer Aviation Inc (NYSE: ACHR) is -21.99% lower on its value in year-to-date trading and has touched a low of $1.77 and a high of $7.49 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ACHR stock was last observed hovering at around $4.87 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $4.79, the stock is 0.54% and -4.30% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.58 million and changing -1.64% at the moment leaves the stock -9.83% off its SMA200. ACHR registered 88.58% gain for a year compared to 6-month loss of -23.60%. The firm has a 200-day simple moving average (SMA200) of -$2.44.
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The stock witnessed a -8.59% gain in the last 1 month and extending the period to 3 months gives it a -28.51%, and is -6.08% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.25% over the week and 6.95% over the month.
Archer Aviation Inc (ACHR) has around 691 employees, a market worth around $1.49B and $0.00M in sales. Distance from 52-week low is 170.62% and -36.05% from its 52-week high. The company has generated returns on investments over the last 12 months (-118.17%).
Archer Aviation Inc quarterly earnings per share for the current quarter are estimated at -$0.33 with sales reaching $500k over the same period.The EPS is expected to shrink by -2.47% this year.
Archer Aviation Inc (ACHR) Top Institutional Holders
280 institutions hold shares in Archer Aviation Inc (ACHR), with institutional investors hold 62.78% of the company’s shares. The shares outstanding are 265.62M, and float is at 192.37M with Short Float at 24.38%. Institutions hold 45.76% of the Float.
The top institutional shareholder in the company is ARK Investment Management, LLC with over 23.79 million shares valued at $120.38 million. The investor’s holdings represent 11.41% of the ACHR Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 12.67 million shares valued at $52.19 million to account for 6.07% of the shares outstanding. The other top investors are Nikko Asset Management Americas, Inc. which holds 7.6 million shares representing 3.64% and valued at over $31.31 million, while Sumitomo Mitsui Trust Holdings, Inc. holds 3.64% of the shares totaling 7.6 million with a market value of $31.31 million.
Archer Aviation Inc (ACHR) Insider Activity
The most recent transaction is an insider purchase by Stellantis N.V.,the company’s10% Owner. SEC filings show that Stellantis N.V. bought 750,000 shares of the company’s common stock on Mar 15 ’24 at a price of $5.19 per share for a total of $3.89 million. Following the purchase, the insider now owns 39.35 million shares.
Archer Aviation Inc disclosed in a document filed with the SEC on Mar 14 ’24 that Stellantis N.V. (10% Owner) bought a total of 750,000 shares of the company’s common stock. The trade occurred on Mar 14 ’24 and was made at $4.99 per share for $3.74 million. Following the transaction, the insider now directly holds 38.6 million shares of the ACHR stock.
Still, SEC filings show that on Mar 13 ’24, Stellantis N.V. (10% Owner) acquired 800,000 shares at an average price of $5.36 for $4.29 million. The insider now directly holds 37,851,720 shares of Archer Aviation Inc (ACHR).
