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After finishing at $3.54 in the prior trading day, Archer Aviation Inc (NYSE: ACHR) closed at $3.40, down -3.95%. In other words, the price has decreased by -$3.95 from its previous closing price. On the day, 12.05 million shares were traded. ACHR stock price reached its highest trading level at $3.62 during the session, while it also had its lowest trading level at $3.35.
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 4.49 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, 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 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 1208897280 and an Enterprise Value of 895982080.
Stock Price History:
Over the past 52 weeks, ACHR has reached a high of $7.32, while it has fallen to a 52-week low of $3.00. The 50-Day Moving Average of the stock is -16.23%, while the 200-Day Moving Average is calculated to be -26.52%.
Shares Statistics:
The stock has traded on average 9.08M shares per day over the past 3-months and 8734330 shares per day over the last 10 days, according to various share statistics. A total of 265.62M shares are outstanding, with a floating share count of 216.53M. Insiders hold about 39.10% of the company’s shares, while institutions hold 36.44% stake in the company. Shares short for ACHR as of 1723680000 were 65441624 with a Short Ratio of 7.21, compared to 1721001600 on 57855616. Therefore, it implies a Short% of Shares Outstanding of 65441624 and a Short% of Float of 27.37.
