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The closing price of Archer Aviation Inc (NYSE: ACHR) was $3.03 for the day, down -1.30% from the previous closing price of $3.07. In other words, the price has decreased by -$1.30 from its previous closing price. On the day, 12.73 million shares were traded. ACHR stock price reached its highest trading level at $3.135 during the session, while it also had its lowest trading level at $2.98.
Ratios:
Our analysis of ACHR’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 4.49 and its Current Ratio is at 4.49. In the meantime, Its Debt-to-Equity ratio is 0.14 whereas as Long-Term Debt/Eq ratio is at 0.13.
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, H.C. Wainwright on September 03, 2024, initiated with a Buy rating and assigned the stock a target price of $12.50.
On June 09, 2023, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $9.
On July 27, 2022, Raymond James started tracking the stock assigning a Outperform rating and target price of $8.Raymond James initiated its Outperform rating on July 27, 2022, with a $8 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 19 ’24 when Muniz Thomas Paul bought 91,425 shares for $3.74 per share.
Perkins Tosha bought 44,575 shares of ACHR for $166,639 on Aug 19 ’24. On Aug 19 ’24, another insider, Mesler Mark, who serves as the Officer of the company, bought 53,876 shares for $3.74 each.
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 1242863488 and an Enterprise Value of 764427264.
Stock Price History:
Over the past 52 weeks, ACHR has reached a high of $7.01, while it has fallen to a 52-week low of $2.82. The 50-Day Moving Average of the stock is -17.04%, while the 200-Day Moving Average is calculated to be -29.98%.
Shares Statistics:
ACHR traded an average of 10.15M shares per day over the past three months and 11654110 shares per day over the past ten days. A total of 265.62M shares are outstanding, with a floating share count of 221.78M. Insiders hold about 37.62% of the company’s shares, while institutions hold 35.75% stake in the company. Shares short for ACHR as of 1726185600 were 49488926 with a Short Ratio of 4.87, compared to 1723680000 on 65441624. Therefore, it implies a Short% of Shares Outstanding of 49488926 and a Short% of Float of 17.16.
