The price of Archer Aviation Inc (NYSE: ACHR) closed at $4.79 in the last session, down -1.64% from day before closing price of $4.87. In other words, the price has decreased by -$0.0800 from its previous closing price. On the day, 4577919 shares were traded.
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Ratios:
We take a closer look at ACHR’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 1.51B and an Enterprise Value of 1.07B.
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 4.9902, while the 200-Day Moving Average is calculated to be 5.3214.
Shares Statistics:
According to the various share statistics, ACHR traded on average about 5.34M shares per day over the past 3-months and 9.04M shares per day over the past 10 days. A total of 265.62M shares are outstanding, with a floating share count of 192.37M. Insiders hold about 38.06% of the company’s shares, while institutions hold 37.41% stake in the company. Shares short for ACHR as of Feb 29, 2024 were 46.9M with a Short Ratio of 8.78, compared to 38.1M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 15.10% and a Short% of Float of 19.49%.
Earnings Estimates
The company has 4 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.33 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 -$0.35, 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 -$1.43. 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.
