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In the latest session, Archer Aviation Inc (NYSE: ACHR) closed at $3.64 down -8.77% from its previous closing price of $3.99. In other words, the price has decreased by -$8.77 from its previous closing price. On the day, 21.23 million shares were traded. ACHR stock price reached its highest trading level at $3.81 during the session, while it also had its lowest trading level at $3.43.
Ratios:
For a deeper understanding of Archer Aviation Inc’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 08 ’24 when Stellantis N.V. bought 2,982,089 shares for $3.35 per share. The transaction valued at 9,989,998 led to the insider holds 59,734,962 shares of the business.
Stellantis N.V. bought 17,401,153 shares of ACHR for $54,999,824 on Jul 01 ’24. The 10% Owner now owns 56,752,873 shares after completing the transaction at $3.16 per share. On Mar 15 ’24, another insider, Stellantis N.V., who serves as the 10% Owner of the company, bought 750,000 shares for $5.19 each. As a result, the insider paid 3,894,053 and bolstered with 39,351,720 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 1294231168 and an Enterprise Value of 981314944.
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 $3.00. The 50-Day Moving Average of the stock is -7.36%, while the 200-Day Moving Average is calculated to be -22.91%.
Shares Statistics:
For the past three months, ACHR has traded an average of 8.17M shares per day and 8742830 over the past ten days. A total of 265.62M shares are outstanding, with a floating share count of 202.65M. Insiders hold about 40.57% of the company’s shares, while institutions hold 38.08% stake in the company. Shares short for ACHR as of 1721001600 were 57855616 with a Short Ratio of 7.48, compared to 1718323200 on 54455221. Therefore, it implies a Short% of Shares Outstanding of 57855616 and a Short% of Float of 26.009999999999998.
