Archer Aviation Inc (NYSE: ACHR) kicked off on Tuesday, up 0.26% from the previous trading day, before settling in for the closing price of $3.91. Over the past 52 weeks, ACHR has traded in a range of $3.00-$7.49.
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While this was happening, its average annual earnings per share was recorded 16.72%. 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 and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Aerospace & Defense Industry. The insider ownership of Archer Aviation Inc is 40.57%, while institutional ownership is 37.91%. 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) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.34 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 16.72% per share during the next fiscal year.
Archer Aviation Inc (NYSE: ACHR) Trading Performance Indicators
Take a look at Archer Aviation Inc’s (ACHR) current performance indicators. Last quarter, 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 6.5 million, a positive change from its year-to-date volume of 6.26 million. As of the previous 9 days, the stock’s Stochastic %D was 31.47%. Additionally, its Average True Range was 0.33.
During the past 100 days, Archer Aviation Inc’s (ACHR) raw stochastic average was set at 37.32%, which indicates a significant increase from 24.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 46.86% in the past 14 days, which was lower than the 62.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.90, while its 200-day Moving Average is $4.73. Nevertheless, the first resistance level for the watch stands at $4.08 in the near term. At $4.23, the stock is likely to face the second major resistance level. The third major resistance level sits at $4.36. If the price goes on to break the first support level at $3.79, it is likely to go to the next support level at $3.65. The third support level lies at $3.50 if the price breaches the second support level.
Archer Aviation Inc (NYSE: ACHR) Key Stats
The company with the Market Capitalisation of 1.34 billion has total of 323,558K Shares Outstanding. Its annual sales at the moment are 0 K in contrast with the sum of -457,900 K annual income. Company’s last quarter sales were recorded 0 K and last quarter income was -116,500 K.
