Archer Aviation Inc (NYSE: ACHR) closed the day trading at $4.28 down -0.47% from the previous closing price of $4.30. In other words, the price has decreased by -$0.0200 from its previous closing price. On the day, 2687301 shares were traded.
Ratios:
For a better understanding of ACHR, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.21 and its Current Ratio is at 4.21. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.06.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Canaccord Genuity on June 09, 2023, initiated with a Buy rating and assigned the stock a target price of $9.
On July 27, 2022, Raymond James started tracking the stock assigning a Outperform rating and target price of $8.
On April 28, 2022, JP Morgan started tracking the stock assigning a Overweight rating and target price of $7.JP Morgan initiated its Overweight rating on April 28, 2022, with a $7 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 15 ’24 when Stellantis N.V. bought 750,000 shares for $5.19 per share. The transaction valued at 3,894,053 led to the insider holds 39,351,720 shares of the business.
Stellantis N.V. bought 750,000 shares of ACHR for $3,743,249 on Mar 14 ’24. The 10% Owner now owns 38,601,720 shares after completing the transaction at $4.99 per share. On Mar 13 ’24, another insider, Stellantis N.V., who serves as the 10% Owner of the company, bought 800,000 shares for $5.36 each. As a result, the insider paid 4,286,000 and bolstered with 37,851,720 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ACHR now has a Market Capitalization of 1.33B and an Enterprise Value of 887.86M.
Stock Price History:
Over the past 52 weeks, ACHR has reached a high of $7.49, while it has fallen to a 52-week low of $1.77. The 50-Day Moving Average of the stock is 4.8452, while the 200-Day Moving Average is calculated to be 5.3857.
Shares Statistics:
Over the past 3-months, ACHR traded about 5.51M shares per day on average, while over the past 10 days, ACHR traded about 4.2M shares per day. A total of 265.62M shares are outstanding, with a floating share count of 190.36M. Insiders hold about 38.71% of the company’s shares, while institutions hold 37.35% stake in the company. Shares short for ACHR as of Mar 15, 2024 were 49.21M with a Short Ratio of 8.93, compared to 38.22M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 15.84% and a Short% of Float of 20.44%.
Earnings Estimates
Current recommendations for the stock of the company come from 5 analysts. On average, analysts expect EPS of -$0.32 for the current quarter, with a high estimate of -$0.28 and a low estimate of -$0.37, while EPS last year was -$0.46. The consensus estimate for the next quarter is -$0.34, with high estimates of -$0.28 and low estimates of -$0.43.
Analysts are recommending an EPS of between -$1.06 and -$1.83 for the fiscal current year, implying an average EPS of -$1.38. EPS for the following year is -$1.22, with 5 analysts recommending between -$0.39 and -$2.3.
Revenue Estimates
Based on 4 analysts’ estimates, the company’s revenue will be $70.85M in the next fiscal year. The high estimate is $91M and the low estimate is $53.4M. The average revenue growth estimate for next year is up 2,734.00% from the average revenue estimate for this year.
