Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The closing price of Archer Aviation Inc (NYSE: ACHR) was $5.39 for the day, up 6.73% from the previous closing price of $5.05. In other words, the price has increased by $6.73 from its previous closing price. On the day, 13.4 million shares were traded. ACHR stock price reached its highest trading level at $5.465 during the session, while it also had its lowest trading level at $5.02.
Ratios:
Our analysis of ACHR’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 6.01 and its Current Ratio is at 6.01. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.08.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jul 01 ’24 when Stellantis N.V. bought 17,401,153 shares for $3.16 per share. The transaction valued at 54,999,824 led to the insider holds 56,752,873 shares of the business.
Stellantis N.V. bought 750,000 shares of ACHR for $3,894,053 on Mar 15 ’24. The 10% Owner now owns 39,351,720 shares after completing the transaction at $5.19 per share. On Mar 14 ’24, another insider, Stellantis N.V., who serves as the 10% Owner of the company, bought 750,000 shares for $4.99 each. As a result, the insider paid 3,743,249 and bolstered with 38,601,720 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 1721840896 and an Enterprise Value of 1371977088.
Stock Price History:
The Beta on a monthly basis for ACHR is 2.43, which has changed by 0.14925373 over the last 52 weeks, in comparison to a change of 0.24125004 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 $3.00. The 50-Day Moving Average of the stock is 46.63%, while the 200-Day Moving Average is calculated to be 12.72%.
Shares Statistics:
ACHR traded an average of 7.07M shares per day over the past three months and 12856320 shares per day 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 34.55% stake in the company. Shares short for ACHR as of 1719532800 were 50282292 with a Short Ratio of 7.11, compared to 1717113600 on 57921676. Therefore, it implies a Short% of Shares Outstanding of 50282292 and a Short% of Float of 24.530001000000002.
