Archer Aviation Inc (NYSE: ACHR) is -47.07% 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 $3.24 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $3.25, the stock is 2.54% and 2.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.17 million and changing 0.31% at the moment leaves the stock -17.88% off its SMA200. ACHR registered -40.59% loss for a year compared to 6-month loss of -15.80%. The firm has a 50-day simple moving average (SMA 50) of $3.1928 and a 200-day simple moving average (SMA200) of $3.96805.
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The stock witnessed a 2.20% gain in the last 1 month and extending the period to 3 months gives it a -15.36%, and is -3.27% down 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 5.01% over the week and 5.43% over the month.
Archer Aviation Inc (ACHR) has around 691 employees, a market worth around $1.16B and $0.00M in sales. Distance from 52-week low is 15.22% and -53.67% 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
291.0 institutions hold shares in Archer Aviation Inc (ACHR), with institutional investors hold 55.62% of the company’s shares. The shares outstanding are 265.62M, and float is at 222.44M with Short Float at 26.59%. Institutions hold 38.71% 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
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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).
