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As of close of business last night, Archer Aviation Inc’s stock clocked out at $7.22, down -3.48% from its previous closing price of $7.48. In other words, the price has decreased by -$3.48 from its previous closing price. On the day, 39.38 million shares were traded. ACHR stock price reached its highest trading level at $7.619 during the session, while it also had its lowest trading level at $6.82.
Ratios:
To gain a deeper understanding of ACHR’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 6.03 and its Current Ratio is at 6.03. In the meantime, Its Debt-to-Equity ratio is 0.17 whereas as Long-Term Debt/Eq ratio is at 0.16.
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, Needham on November 19, 2024, initiated with a Buy rating and assigned the stock a target price of $11.
On September 03, 2024, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $12.50.
On June 09, 2023, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $9.Canaccord Genuity initiated its Buy rating on June 09, 2023, with a $9 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 25 ’24 when Diaz Deborah bought 5,150 shares for $7.48 per share. The transaction valued at 38,522 led to the insider holds 98,886 shares of the business.
Goldstein Adam D bought 19,762 shares of ACHR for $101,181 on Nov 21 ’24. The Chief Executive Officer now owns 2,014,890 shares after completing the transaction at $5.12 per share. On Nov 20 ’24, another insider, Goldstein Adam D, who serves as the Chief Executive Officer of the company, sold 1,372,247 shares for $4.99 each. As a result, the insider received 6,852,864 and left with 2,824,889 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 3105942784 and an Enterprise Value of 2757839616.
Stock Price History:
Over the past 52 weeks, ACHR has reached a high of $7.90, while it has fallen to a 52-week low of $2.82. The 50-Day Moving Average of the stock is 97.87%, while the 200-Day Moving Average is calculated to be 82.99%.
Shares Statistics:
It appears that ACHR traded 16.66M shares on average per day over the past three months and 35506740 shares per day over the past ten days. A total of 425.27M shares are outstanding, with a floating share count of 268.27M. Insiders hold about 36.92% of the company’s shares, while institutions hold 34.47% stake in the company. Shares short for ACHR as of 1730332800 were 60759546 with a Short Ratio of 3.65, compared to 1727654400 on 51843089. Therefore, it implies a Short% of Shares Outstanding of 60759546 and a Short% of Float of 20.02.
