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The price of Archer Aviation Inc (NYSE: ACHR) closed at $3.78 in the last session, down -1.56% from day before closing price of $3.84. In other words, the price has decreased by -$1.56 from its previous closing price. On the day, 9.75 million shares were traded. ACHR stock price reached its highest trading level at $3.88 during the session, while it also had its lowest trading level at $3.65.
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 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:
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 Aug 19 ’24 when Muniz Thomas Paul bought 91,425 shares for $3.74 per share.
Perkins Tosha bought 44,575 shares of ACHR for $166,639 on Aug 19 ’24. On Aug 19 ’24, another insider, Mesler Mark, who serves as the Officer of the company, bought 53,876 shares for $3.74 each.
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 1344009344 and an Enterprise Value of 1031092416.
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 -4.97%, while the 200-Day Moving Average is calculated to be -19.41%.
Shares Statistics:
According to the various share statistics, ACHR traded on average about 8.75M shares per day over the past 3-months and 9528290 shares per day over the past 10 days. A total of 265.62M shares are outstanding, with a floating share count of 216.60M. Insiders hold about 39.08% of the company’s shares, while institutions hold 36.56% stake in the company. Shares short for ACHR as of 1722384000 were 61110938 with a Short Ratio of 6.98, compared to 1719532800 on 50282292. Therefore, it implies a Short% of Shares Outstanding of 61110938 and a Short% of Float of 27.48.
