On Friday, Archer Aviation Inc (NYSE: ACHR) opened lower -3.44% from the last session, before settling in for the closing price of $3.78. Price fluctuations for ACHR have ranged from $1.77 to $7.49 over the past 52 weeks.
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Company’s average yearly earnings per share was noted -2.47% at the time writing. With a float of $204.07 million, this company’s outstanding shares have now reached $265.62 million.
In an organization with 691 employees, it is important to assess its efficiency.
Archer Aviation Inc (ACHR) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Aerospace & Defense industry is another important factor to consider. The insider ownership of Archer Aviation Inc is 36.64%, while institutional ownership is 39.17%. The most recent insider transaction that took place on Mar 15 ’24, was worth 3,894,053. In this transaction 10% Owner of this company bought 750,000 shares at a rate of $5.19, taking the stock ownership to the 39,351,720 shares. Before that another transaction happened on Mar 14 ’24, when Company’s 10% Owner bought 750,000 for $4.99, making the entire transaction worth $3,743,249. This insider now owns 38,601,720 shares in total.
Archer Aviation Inc (ACHR) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 10.36 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -2.47% per share during the next fiscal year.
Archer Aviation Inc (NYSE: ACHR) Trading Performance Indicators
Check out the current performance indicators for Archer Aviation Inc (ACHR). In the past quarter, the stock posted a quick ratio of 4.21.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.74, a number that is poised to hit -0.31 in the next quarter and is forecasted to reach -1.07 in one year’s time.
Technical Analysis of Archer Aviation Inc (ACHR)
Let’s dig in a bit further. During the last 5-days, its volume was 3.6 million. That was inferior than the volume of 5.17 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 6.72%. Additionally, its Average True Range was 0.22.
During the past 100 days, Archer Aviation Inc’s (ACHR) raw stochastic average was set at 0.59%, which indicates a significant decrease from 2.14% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.76% in the past 14 days, which was lower than the 55.29% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.67, while its 200-day Moving Average is $5.39. However, in the short run, Archer Aviation Inc’s stock first resistance to watch stands at $3.75. Second resistance stands at $3.85. The third major resistance level sits at $3.91. If the price goes on to break the first support level at $3.59, it is likely to go to the next support level at $3.53. The third support level lies at $3.43 if the price breaches the second support level.
Archer Aviation Inc (NYSE: ACHR) Key Stats
There are currently 310,575K shares outstanding in the company with a market cap of 1.18 billion. Presently, the company’s annual sales total 0 K according to its annual income of -457,900 K. Last quarter, the company’s sales amounted to 0 K and its income totaled -109,100 K.
