rts logo

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%.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

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).

Related Posts