For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
As of close of business last night, Archer Aviation Inc’s stock clocked out at $3.93, up 7.67% from its previous closing price of $3.65. In other words, the price has increased by $7.67 from its previous closing price. On the day, 4.35 million shares were traded. ACHR stock price reached its highest trading level at $3.96 during the session, while it also had its lowest trading level at $3.61.
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 4.21 and its Current Ratio is at 4.21. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.06.
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:
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 Mar 15 ’24 when Stellantis N.V. bought 750,000 shares for $5.19 per share. The transaction valued at 3,894,053 led to the insider holds 39,351,720 shares of the business.
Stellantis N.V. bought 750,000 shares of ACHR for $3,743,249 on Mar 14 ’24. The 10% Owner now owns 38,601,720 shares after completing the transaction at $4.99 per share. On Mar 13 ’24, another insider, Stellantis N.V., who serves as the 10% Owner of the company, bought 800,000 shares for $5.36 each. As a result, the insider paid 4,286,000 and bolstered with 37,851,720 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 1220559744 and an Enterprise Value of 779158912.
Stock Price History:
The Beta on a monthly basis for ACHR is 2.44, which has changed by 1.147541 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. Over the past 52 weeks, ACHR has reached a high of $7.49, while it has fallen to a 52-week low of $1.77. The 50-Day Moving Average of the stock is -15.82%, while the 200-Day Moving Average is calculated to be -27.09%.
Shares Statistics:
It appears that ACHR traded 5.42M shares on average per day over the past three months and 3736280 shares per day over the past ten days. A total of 265.62M shares are outstanding, with a floating share count of 204.07M. Insiders hold about 36.64% of the company’s shares, while institutions hold 39.17% stake in the company. Shares short for ACHR as of 1711584000 were 52043109 with a Short Ratio of 9.60, compared to 1709164800 on 46904198. Therefore, it implies a Short% of Shares Outstanding of 52043109 and a Short% of Float of 21.620001.
Earnings Estimates
The current assessment of Archer Aviation Inc (ACHR) involves the perspectives of 5 analysts closely monitoring its market dynamics.On average, analysts expect EPS of $-0.32 for the current quarter, with a high estimate of $-0.28 and a low estimate of $-0.37, while EPS last year was $-0.46. The consensus estimate for the next quarter is $-0.34, with high estimates of $-0.28 and low estimates of $-0.43.
Analysts are recommending an EPS of between $-1.06 and $-1.83 for the fiscal current year, implying an average EPS of $-1.38. EPS for the following year is $-1.22, with 5 analysts recommending between $-0.39 and $-2.3.
Revenue Estimates
Based on 4 analysts’ estimates, the company’s revenue will be $70.85M in the next fiscal year. The high estimate is $91M and the low estimate is $53.4M. The average revenue growth estimate for next year is up 2,734.00% from the average revenue estimate for this year.
