Archer Aviation Inc (NYSE: ACHR)’S Stock Adds 0.61%, But It May Make Sense To Invest.

Archer Aviation Inc (NYSE:ACHR) price closed higher on Friday, May 24, jumping 0.61% above its previous close.

A look at the daily price movement shows that the last close reads $3.28. Taking into account the 52-week price action we note that the stock hit a 52-week high of $7.49 and 52-week low of $2.79. The stock subtracted -17.09% on its value in the past month.

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Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give ACHR a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.

The overview shows that ACHR’s price is at present -13.05% off the SMA20 and -20.39% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 30.09, with weekly volatility standing at 4.33%. The indicator jumps to 5.37% when calculated based on the past 30 days. Archer Aviation Inc (NYSE:ACHR)’s beta value is holding at 2.36, while the average true range (ATR) indicator is currently reading 0.21.

An analysis of the Archer Aviation Inc (NYSE:ACHR) stock in terms of its daily trading volume indicates that the 3-month average is 5.40 million.

Current records show that the company has 265.62M in outstanding shares. The insiders’ percentage holdings are 35.73% of outstanding shares while the percentage share held by institutions stands at 36.37%. But the -46.25% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.

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