After finishing at $4.92 in the prior trading day, Archer Aviation Inc (NYSE: ACHR) closed at $4.80, down -2.44%. In other words, the price has decreased by -$0.1200 from its previous closing price. On the day, 9800986 shares were traded. ACHR stock price reached its highest trading level at $4.9250 during the session, while it also had its lowest trading level at $4.5900.
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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 4.07 and its Current Ratio is at 4.07. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.04.
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 Jan 02 when Lore Marc E. sold 160,000 shares for $5.90 per share. The transaction valued at 943,296 led to the insider holds 27,926,358 shares of the business.
Perkins Tosha sold 20,000 shares of ACHR for $135,484 on Dec 15. The Chief People Officer now owns 212,014 shares after completing the transaction at $6.77 per share. On Nov 17, another insider, MISSAN ANDY, who serves as the Chief Legal Off. & Secretary of the company, sold 12,500 shares for $6.39 each. As a result, the insider received 79,875 and left with 281,562 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 1.48B and an Enterprise Value of 1.02B.
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 5.4872, while the 200-Day Moving Average is calculated to be 5.1722.
Shares Statistics:
The stock has traded on average 4.69M shares per day over the past 3-months and 5.5M shares per day over the last 10 days, according to various share statistics. A total of 300.78M shares are outstanding, with a floating share count of 178.80M. Insiders hold about 40.55% of the company’s shares, while institutions hold 37.32% stake in the company. Shares short for ACHR as of Jan 31, 2024 were 38.1M with a Short Ratio of 8.13, compared to 39.22M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 12.67% and a Short% of Float of 17.11%.
Earnings Estimates
Its stock is currently analyzed by 4 different market analysts. On average, analysts expect EPS of -$0.28 for the current quarter, with a high estimate of -$0.25 and a low estimate of -$0.3, while EPS last year was -$0.32. The consensus estimate for the next quarter is -$0.29, with high estimates of -$0.28 and low estimates of -$0.29.
Analysts are recommending an EPS of between -$1.15 and -$1.18 for the fiscal current year, implying an average EPS of -$1.16. EPS for the following year is -$1, with 5 analysts recommending between -$0.78 and -$1.12.
