Gaining Ground: Archer Aviation Inc (ACHR) Closes Higher at 10.80, Up 15.14

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The price of Archer Aviation Inc (NYSE: ACHR) closed at $10.80 in the last session, up 15.14% from day before closing price of $9.38. In other words, the price has increased by $15.14 from its previous closing price. On the day, 48.49 million shares were traded. ACHR stock price reached its highest trading level at $11.06 during the session, while it also had its lowest trading level at $9.1.

Ratios:

We take a closer look at ACHR’s different ratios to gain a better understanding of the stock. 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:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 18 ’24 when Spellacy Michael sold 278,487 shares for $10.00 per share. The transaction valued at 2,784,870 led to the insider holds 1,162,183 shares of the business.

Spellacy Michael sold 191,513 shares of ACHR for $1,915,130 on Dec 18 ’24. The Director now owns 0 shares after completing the transaction at $10.00 per share. On Dec 16 ’24, another insider, Muniz Thomas Paul, who serves as the CHIEF TECHNOLOGY OFFICER of the company, sold 50,000 shares for $9.00 each. As a result, the insider received 450,000 and left with 1,120,360 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 5417722880 and an Enterprise Value of 3612637696.

Stock Price History:

Over the past 52 weeks, ACHR has reached a high of $10.58, while it has fallen to a 52-week low of $2.82. The 50-Day Moving Average of the stock is 90.90%, while the 200-Day Moving Average is calculated to be 152.48%.

Shares Statistics:

According to the various share statistics, ACHR traded on average about 29.88M shares per day over the past 3-months and 54017010 shares per day over the past 10 days. A total of 383.79M shares are outstanding, with a floating share count of 289.98M. Insiders hold about 31.81% of the company’s shares, while institutions hold 34.47% stake in the company. Shares short for ACHR as of 1732838400 were 71435388 with a Short Ratio of 2.46, compared to 1730332800 on 60759546. Therefore, it implies a Short% of Shares Outstanding of 71435388 and a Short% of Float of 22.02.

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