Archer Aviation Inc (NYSE: ACHR) is -12.21% 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 $5.05 in the last trading session, with the day’s gains setting it 0.34%.
Currently trading at $5.39, the stock is 38.45% and 46.63% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.4 million and changing 6.73% at the moment leaves the stock 12.72% off its SMA200. ACHR registered 10.00% gain for a year compared to 6-month loss of 4.26%.
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The stock witnessed a 64.83% gain in the last 1 month and extending the period to 3 months gives it a 38.56%, and is 25.93% 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 7.63% over the week and 7.87% over the month.
Archer Aviation Inc (ACHR) has around 691 employees, a market worth around $1.84B and $0.00M in sales. Distance from 52-week low is 79.67% and -28.04% from its 52-week high. The company has generated returns on investments over the last 12 months (-112.59%).
The EPS is expected to grow by 16.51% this year.
Archer Aviation Inc (ACHR) Top Institutional Holders
The shares outstanding are 265.62M, and float is at 202.65M with Short Float at 24.81%.
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).
