Archer Aviation Inc (NYSE:ACHR) shares, rose in value, with the stock price up by 2.66% to the previous day’s close as strong demand from buyers drove the stock to $5.02.
Actively observing the price movement in the last trading, the stock closed the session at $4.89. The value of beta (5-year monthly) was 2.45. Referring to stock’s 52-week performance, its high was $7.49, and the low was $1.77. On the whole, ACHR has fluctuated by -8.06% over the past month.
With the market capitalization of Archer Aviation Inc currently standing at about $1.56 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 09, 2024 – May 13, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.33, which is expected to increase to -$0.28 for fiscal year -$1.43 and then to about -$1.22 by fiscal year 2025. Data indicates that the EPS growth is expected to be 15.40% in 2025, while the next year’s EPS growth is forecast to be 14.70%.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that ACHR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 75% Sell while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ACHR currently trading nearly 4.49% and -0.24% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.01, while the 7-day volatility ratio is showing 8.59% which for the 30-day chart, stands at 6.70%. Furthermore, Archer Aviation Inc (ACHR)’s beta value is 2.45, and its average true range (ATR) is 0.35.
A comparison of Archer Aviation Inc (ACHR) with its peers suggests the former has fared considerably weaker in the market. ACHR showed an intraday change of 2.66% in last session, and over the past year, it grew by 83.88%%.
Data on historical trading for Archer Aviation Inc (NYSE:ACHR) indicates that the trading volumes over the past 10 days have averaged 8.38 million and over the past 3 months, they’ve averaged 5.22 million. According to company’s latest data on outstanding shares, there are 265.62 million shares outstanding.
Nearly 36.96% of Archer Aviation Inc’s shares belong to company insiders and institutional investors own 37.41% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 46.9 million shares as on Feb 29, 2024, resulting in a short ratio of 9.28. According to the data, the short interest in Archer Aviation Inc (ACHR) stood at 15.10% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 38.1 million. The stock has fallen by -18.24% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ACHR stock heading into the next quarter.
