Archer Aviation Inc (NYSE: ACHR) closed the day trading at $4.21 down -6.03% from the previous closing price of $4.48. In other words, the price has decreased by -$0.2700 from its previous closing price. On the day, 9164510 shares were traded. ACHR stock price reached its highest trading level at $4.4500 during the session, while it also had its lowest trading level at $4.1000.
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Ratios:
For a better understanding of ACHR, let’s look at 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 02 when Lore Marc E. sold 160,000 shares for $5.90 per share. The transaction valued at 943,296 led to the insider holds 27,926,358 shares of the business.
Perkins Tosha sold 20,000 shares of ACHR for $135,484 on Dec 15. The Chief People Officer now owns 212,014 shares after completing the transaction at $6.77 per share. On Nov 17, another insider, MISSAN ANDY, who serves as the Chief Legal Off. & Secretary of the company, sold 12,500 shares for $6.39 each. As a result, the insider received 79,875 and left with 281,562 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 1.31B and an Enterprise Value of 866.12M.
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 $1.77. The 50-Day Moving Average of the stock is 5.2898, while the 200-Day Moving Average is calculated to be 5.2305.
Shares Statistics:
Over the past 3-months, ACHR traded about 4.80M shares per day on average, while over the past 10 days, ACHR traded about 6.22M shares per day. A total of 265.62M shares are outstanding, with a floating share count of 191.50M. Insiders hold about 38.32% of the company’s shares, while institutions hold 36.14% stake in the company. Shares short for ACHR as of Feb 15, 2024 were 38.22M with a Short Ratio of 7.96, compared to 39.27M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 12.58% and a Short% of Float of 16.33%.
Earnings Estimates
Current recommendations for the stock of the company come from 5 analysts. 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 -$1.11, with 6 analysts recommending between -$0.39 and -$2.3.
Revenue Estimates
Based on 6 analysts’ estimates, the company’s revenue will be $70.9M in the next fiscal year. The high estimate is $100M and the low estimate is $42M. The average revenue growth estimate for next year is up 4,145.50% from the average revenue estimate for this year.
