Archer Aviation Inc (NYSE: ACHR) Is Down -1.79% – Is It Capable Of A Rally?

Archer Aviation Inc (NYSE:ACHR) traded at $3.30 at close of the session on Monday, June 10, made a downward move of -1.79% on its previous day’s price.

Looking at the stock we see that its previous close was $3.36 . In terms of its 52-week price range, ACHR has a high of $7.49 and a low of $3.00. The company’s stock has lost about -12.47% over that past 30 days.

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Archer Aviation Inc has a market cap of $1.07 billion. Estimates by analysts give the company expected earnings per share (EPS) of -$0.33, with the EPS growth for the year raised at -$1.3 for 2024 and -$1.01 for next year. These figures represent 23.10% and 22.30% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $500k, with a high of $1 million.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the ACHR stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Looking further, we note the current price level is -4.93% off its SMA20 and -13.57% from its 50-day simple moving average. The RSI (14) is pointing at 40.43 while the volatility over the past week is 5.31% and jumps to 5.87% over the past one month. The beta value is 2.35, while the average true range (ATR) is currently pointing at 0.20.

Coming back to Archer Aviation Inc (NYSE:ACHR), we note that the average 3-month trading volume was 5.29 million. Current shares outstanding are 265.62 million.

The insiders hold 35.73% of the company’s shares while institutions hold 36.38%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -46.25% down in year-to-date price movement.

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