Investors: What’s The Real Deal With Archer Aviation Inc (NYSE: ACHR)

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The trading price of Archer Aviation Inc (NYSE:ACHR) floating lower at last check on Tuesday, May 15, closing at $3.84, -4.06% lower than its previous close.

In examining the 52-week price action we see that the stock hit a 52-week high of $7.49 and a 52-week low of $2.10. Over the past month, the stock has lost -0.58% in value.

Archer Aviation Inc, whose market valuation is $1.24 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.32 per share this quarter, however they have predicted annual earnings per share of -1.35 for current year and -1.06 for next year.

From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 3M.

On the technical side, indicators suggest ACHR has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.

A quick review shows that ACHR’s price is currently -1.29% off the SMA20 and -10.48% off the SMA50. The RSI metric on the 14-day chart is currently showing 44.15, and weekly volatility stands at 7.33%. When measured over the past 30 days, the indicator reaches 5.52%. Archer Aviation Inc (NYSE:ACHR)’s beta value is currently sitting at 2.43, while the Average True Range indicator is currently displaying 0.24.

To see how Archer Aviation Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: ACHR stock’s performance was -4.06% at last check in today’s session, and 61.93% in the past year.

An evaluation of the daily trading volume of Archer Aviation Inc (NYSE:ACHR) indicates that the 3-month average is 5.43 million.

Currently, records show that 265.62 million of the company’s shares remain outstanding. The insiders hold 36.59% of outstanding shares, whereas institutions hold 36.00%. However, since the stock’s price has seen -37.50% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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