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Will Archer Aviation Inc (ACHR) benefit from Wall Street bulls Calls?

Archer Aviation Inc (NYSE: ACHR) is -30.29% lower on its value in year-to-date trading and has touched a low of $3.00 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 $4.48 in the last trading session, with the day’s loss setting it -0.2%.

Currently trading at $4.28, the stock is 20.38% and 18.62% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.89 million and changing -4.46% at the moment leaves the stock -10.79% off its SMA200. ACHR registered -8.55% loss for a year compared to 6-month loss of -22.60%.

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The stock witnessed a 24.78% gain in the last 1 month and extending the period to 3 months gives it a 0.00%, and is 25.15% up 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 10.30% over the week and 7.21% over the month.

Archer Aviation Inc (ACHR) has around 691 employees, a market worth around $1.46B and $0.00M in sales. Distance from 52-week low is 42.67% and -42.86% from its 52-week high. The company has generated returns on investments over the last 12 months (-112.59%).

with sales reaching $500k over the same period.The EPS is expected to grow by 16.51% this year, but quarterly earnings will post — year-over-year.

Archer Aviation Inc (ACHR) Top Institutional Holders

The shares outstanding are 265.62M, and float is at 202.65M with Short Float at 26.87%.

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 17,401,153 shares of the company’s common stock on Jul 01 ’24 at a price of $3.16 per share for a total of $55.0 million. Following the purchase, the insider now owns 56.75 million shares.

Archer Aviation Inc disclosed in a document filed with the SEC on Mar 15 ’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 15 ’24 and was made at $5.19 per share for $3.89 million. Following the transaction, the insider now directly holds 39.35 million shares of the ACHR stock.

Still, SEC filings show that on Mar 14 ’24, Stellantis N.V. (10% Owner) acquired 750,000 shares at an average price of $4.99 for $3.74 million. The insider now directly holds 38,601,720 shares of Archer Aviation Inc (ACHR).

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