A new trading day began on Monday, with Archer Aviation Inc (NYSE: ACHR) stock price down -4.90% from the previous day of trading, before settling in for the closing price of $4.69. ACHR’s price has ranged from $3.00 to $7.49 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Meanwhile, its annual earnings per share averaged 16.53%. With a float of $202.65 million, this company’s outstanding shares have now reached $265.62 million.
Let’s look at the performance matrix of the company that is accounted for 691 employees.
Archer Aviation Inc (ACHR) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Aerospace & Defense Industry. The insider ownership of Archer Aviation Inc is 40.57%, while institutional ownership is 37.63%. The most recent insider transaction that took place on Jul 01 ’24, was worth 54,999,824. In this transaction 10% Owner of this company bought 17,401,153 shares at a rate of $3.16, taking the stock ownership to the 56,752,873 shares. Before that another transaction happened on Mar 15 ’24, when Company’s 10% Owner bought 750,000 for $5.19, making the entire transaction worth $3,894,053. This insider now owns 39,351,720 shares in total.
Archer Aviation Inc (ACHR) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 16.53% per share during the next fiscal year.
Archer Aviation Inc (NYSE: ACHR) Trading Performance Indicators
Here are Archer Aviation Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 6.01.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.64, a number that is poised to hit -0.37 in the next quarter and is forecasted to reach -1.28 in one year’s time.
Technical Analysis of Archer Aviation Inc (ACHR)
Archer Aviation Inc (NYSE: ACHR) saw its 5-day average volume 6.6 million, a positive change from its year-to-date volume of 6.22 million. As of the previous 9 days, the stock’s Stochastic %D was 22.33%. Additionally, its Average True Range was 0.32.
During the past 100 days, Archer Aviation Inc’s (ACHR) raw stochastic average was set at 57.25%, which indicates a significant increase from 18.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 76.42% in the past 14 days, which was higher than the 63.59% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.84, while its 200-day Moving Average is $4.77. Nevertheless, the first resistance level for the watch stands at $4.72 in the near term. At $4.99, the stock is likely to face the second major resistance level. The third major resistance level sits at $5.16. If the price goes on to break the first support level at $4.29, it is likely to go to the next support level at $4.12. Assuming the price breaks the second support level, the third support level stands at $3.85.
Archer Aviation Inc (NYSE: ACHR) Key Stats
With a market capitalization of 1.52 billion, the company has a total of 323,558K Shares Outstanding. Currently, annual sales are 0 K while annual income is -457,900 K. The company’s previous quarter sales were 0 K while its latest quarter income was -116,500 K.
