Archer Aviation Inc (NYSE: ACHR) is -41.04% 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 $3.78 in the last trading session, with the day’s loss setting it -0.16%.
Currently trading at $3.62, the stock is -9.79% and -9.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.43 million and changing -4.23% at the moment leaves the stock -22.74% off its SMA200. ACHR registered -41.23% loss for a year compared to 6-month loss of -29.43%.
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The stock witnessed a -21.30% gain in the last 1 month and extending the period to 3 months gives it a -1.36%, and is 0.56% 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 5.28% over the week and 7.08% over the month.
Archer Aviation Inc (ACHR) has around 691 employees, a market worth around $1.29B and $0.00M in sales. Distance from 52-week low is 20.67% and -51.67% from its 52-week high. The company has generated returns on investments over the last 12 months (-101.56%).
The EPS is expected to grow by 26.43% this year.
Archer Aviation Inc (ACHR) Top Institutional Holders
282.0 institutions hold shares in Archer Aviation Inc (ACHR), with institutional investors hold 56.87% of the company’s shares. The shares outstanding are 265.62M, and float is at 216.60M with Short Float at 28.21%. Institutions hold 39.59% of the Float.
The top institutional shareholder in the company is ARK INVESTMENT MANAGEMENT LLC with over 28.26 million shares valued at $130.56 million. The investor’s holdings represent 9.3023 of the ACHR Shares outstanding. As of 2024-03-31, the second largest holder is STATE STREET CORP with 21.08 million shares valued at $97.39 million to account for 6.9393 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 14.86 million shares representing 4.8922 and valued at over $68.66 million, while SUMITOMO MITSUI TRUST HOLDINGS, INC. holds 3.5546 of the shares totaling 10.8 million with a market value of $49.89 million.
Archer Aviation Inc (ACHR) Insider Activity
Still, SEC filings show that on Aug 19 ’24, Mesler Mark (Officer) Proposed Sale 53,876 shares at an average price of $3.74 for $0.2 million. The insider now directly holds shares of Archer Aviation Inc (ACHR).
