Archer Aviation Inc (NYSE: ACHR) is -24.10% 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 $4.51 in the last trading session, with the day’s gains setting it 0.15%.
Currently trading at $4.66, the stock is 37.10% and 44.65% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 37.38 million and changing 3.33% at the moment leaves the stock 18.60% off its SMA200. ACHR registered -6.24% loss for a year compared to 6-month loss of 16.50%. The firm has a 50-day simple moving average (SMA 50) of $3.196 and a 200-day simple moving average (SMA200) of $3.93175.
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The stock witnessed a 51.30% gain in the last 1 month and extending the period to 3 months gives it a 31.64%, and is 43.38% 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 11.82% over the week and 7.29% over the month.
Archer Aviation Inc (ACHR) has around 691 employees, a market worth around $1.98B and $0.00M in sales. Distance from 52-week low is 65.21% and -33.57% from its 52-week high. The company has generated returns on investments over the last 12 months (-82.53%).
The EPS is expected to grow by 27.97% this year.
Archer Aviation Inc (ACHR) Top Institutional Holders
293.0 institutions hold shares in Archer Aviation Inc (ACHR), with institutional investors hold 41.99% of the company’s shares. The shares outstanding are 425.03M, and float is at 267.39M with Short Float at 22.72%. Institutions hold 31.51% 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).
