After finishing at $4.01 in the prior trading day, Archer Aviation Inc (NYSE: ACHR) closed at $3.89, down -2.99%. On the day, 3868417 shares were traded.
Ratios:
Our goal is to gain a better understanding of ACHR by taking a closer 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.
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.
Shares Statistics:
A total of 265.62M shares are outstanding, with a floating share count of 195.80M. Insiders hold about 36.96% of the company’s shares, while institutions hold 37.33% stake in the company.
Earnings Estimates
Its stock is currently analyzed by Archer Aviation Inc. different market analysts. The consensus estimate for the next quarter is $11.55, with high estimates of $24.17 and low estimates of $28.21.
EPS for the following year is $Stocks, with Stocks analysts recommending between $ETF and $Stocks.
