Archer Aviation Inc (NYSE: ACHR) is -45.28% lower on its value in year-to-date trading and has touched a low of $2.82 and a high of $7.01 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 $3.41 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $3.36, the stock is 7.49% and 3.94% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.36 million and changing -1.47% at the moment leaves the stock -16.08% off its SMA200. ACHR registered -24.49% loss for a year compared to 6-month loss of -13.40%. The firm has a 50-day simple moving average (SMA 50) of $3.2326 and a 200-day simple moving average (SMA200) of $4.0037.
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 10.89% gain in the last 1 month and extending the period to 3 months gives it a -19.42%, and is 1.82% 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 7.68% over the week and 5.96% over the month.
Archer Aviation Inc (ACHR) has around 691 employees, a market worth around $1.19B and $0.00M in sales. Distance from 52-week low is 19.12% and -52.10% from its 52-week high. The company has generated returns on investments over the last 12 months (-101.56%).
with sales reaching $330k over the same period.The EPS is expected to grow by 27.70% this year.
Archer Aviation Inc (ACHR) Top Institutional Holders
288.0 institutions hold shares in Archer Aviation Inc (ACHR), with institutional investors hold 56.43% of the company’s shares. The shares outstanding are 265.62M, and float is at 222.18M with Short Float at 26.62%. Institutions hold 39.28% of the Float.
The top institutional shareholder in the company is ARK INVESTMENT MANAGEMENT LLC with over 25.46 million shares valued at $89.61 million. The investor’s holdings represent 7.9491% of the ACHR Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 19.61 million shares valued at $69.04 million to account for 6.1242 of the shares outstanding. The other top investors are STATE STREET CORP which holds 12.07 million shares representing 3.7695% and valued at over $42.49 million, while VANGUARD GROUP INC holds 3.4884 of the shares totaling 11.17 million with a market value of $39.33 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).
