Archer Aviation Inc (NYSE: ACHR) is 74.10% higher on its value in year-to-date trading and has touched a low of $2.82 and a high of $10.58 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ACHR stock was last observed hovering at around $9.38 in the last trading session, with the day’s gains setting it 1.42%.
Currently trading at $10.80, the stock is 30.75% and 90.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 48.49 million and changing 15.14% at the moment leaves the stock 152.48% off its SMA200. ACHR registered 65.74% gain for a year compared to 6-month gain of 192.88%. The firm has a 50-day simple moving average (SMA 50) of $5.5052 and a 200-day simple moving average (SMA200) of $4.24805.
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The stock witnessed a 76.99% loss in the last 1 month and extending the period to 3 months gives it a 267.35%, and is 17.60% 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 18.72% over the week and 16.07% over the month.
Archer Aviation Inc (ACHR) has around 691 employees, a market worth around $5.29B and $0.00M in sales. Distance from 52-week low is 282.90% and 2.08% from its 52-week high. The company has generated returns on investments over the last 12 months (-82.53%).
with sales reaching $200k over the same period.The EPS is expected to grow by 27.96% this year, but quarterly earnings will post 0.00% year-over-year. Quarterly sales are estimated to shrink 0.00% in year-over-year returns.
319.0 institutions hold shares in Archer Aviation Inc (ACHR), with institutional investors hold 50.07% of the company’s shares. The shares outstanding are 383.79M, and float is at 289.98M with Short Float at 25.38%. Institutions hold 37.27% 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
The most recent transaction is an insider sale by Spellacy Michael, the company’s Director. SEC filings show that Spellacy Michael sold 278,487 shares of the company’s common stock on Dec 18 ’24 at a price of $10.00 per share for a total of $2.78 million. Following the sale, the insider now owns 1.16 million shares.
Archer Aviation Inc disclosed in a document filed with the SEC on Dec 18 ’24 that Spellacy Michael (Director) sold a total of 191,513 shares of the company’s common stock. The trade occurred on Dec 18 ’24 and was made at $10.00 per share for $1.92 million. Following the transaction, the insider now directly holds 0.0 shares of the ACHR stock.
Still, SEC filings show that on Dec 16 ’24, Muniz Thomas Paul (CHIEF TECHNOLOGY OFFICER) disposed off 50,000 shares at an average price of $9.00 for $0.45 million. The insider now directly holds 1,120,360 shares of Archer Aviation Inc (ACHR).
