Archer Aviation Inc (NYSE: ACHR) is 3.18% higher on its value in year-to-date trading and has touched a low of $2.82 and a high of $12.48 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 $10.67 in the last trading session, with the day’s loss setting it -0.61%.
Currently trading at $10.06, the stock is 5.43% and 7.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 33.34 million and changing -5.72% at the moment leaves the stock 92.13% off its SMA200. ACHR registered 84.59% gain for a year compared to 6-month gain of 161.98%.
The stock witnessed a 14.06% loss in the last 1 month and extending the period to 3 months gives it a 134.50%, and is 8.29% 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 10.39% over the week and 8.71% over the month.
Archer Aviation Inc (ACHR) has around 691 employees, a market worth around $4.64B and $0.00M in sales. Distance from 52-week low is 256.66% and -19.36% 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 26.77% 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.
The shares outstanding are 383.79M, and float is at 309.17M with Short Float at 15.22%.
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 7.6203 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 3.6136 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 Muniz Thomas Paul, the company’s CHIEF TECHNOLOGY OFFICER. SEC filings show that Muniz Thomas Paul sold 50,000 shares of the company’s common stock on Jan 07 ’25 at a price of $12.00 per share for a total of $0.6 million. Following the sale, the insider now owns 1.07 million shares.
Still, SEC filings show that on Dec 18 ’24, Spellacy Michael (Director) disposed off 278,487 shares at an average price of $10.00 for $2.78 million. The insider now directly holds 1,162,183 shares of Archer Aviation Inc (ACHR).
