On Friday, Archer Aviation Inc (NYSE: ACHR) opened higher 2.95% from the last session, before settling in for the closing price of $3.73. Price fluctuations for ACHR have ranged from $3.00 to $7.49 over the past 52 weeks.
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Company’s average yearly earnings per share was noted 26.43% at the time writing. With a float of $216.60 million, this company’s outstanding shares have now reached $265.62 million.
Considering the fact that the conglomerate employs 691 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 30.65%, operating margin of -3362.1%, and the pretax margin is -3092.74%.
Archer Aviation Inc (ACHR) Insider Activity
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 39.04%, while institutional ownership is 36.56%. The most recent insider transaction that took place on Aug 08 ’24, was worth 9,989,998. In this transaction 10% Owner of this company bought 2,982,089 shares at a rate of $3.35, taking the stock ownership to the 59,734,962 shares. Before that another transaction happened on Jul 01 ’24, when Company’s 10% Owner bought 17,401,153 for $3.16, making the entire transaction worth $54,999,824. This insider now owns 56,752,873 shares in total.
Archer Aviation Inc (ACHR) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 26.43% 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 4.49.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.23, a number that is poised to hit -0.32 in the next quarter and is forecasted to reach -1.13 in one year’s time.
Technical Analysis of Archer Aviation Inc (ACHR)
Compared to the last year’s volume of 6.46 million, its volume of 8.77 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic%D was 38.50%. Additionally, its Average True Range was 0.29.
During the past 100 days, Archer Aviation Inc’s (ACHR) raw stochastic average was set at 34.08%, which indicates a significant decrease from 41.41% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 57.66% in the past 14 days, which was lower than the 63.51% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.98, while its 200-day Moving Average is $4.69. Nevertheless, the first resistance level for the watch stands at $3.90 in the near term. At $3.97, the stock is likely to face the second major resistance level. The third major resistance level sits at $4.07. If the price goes on to break the first support level at $3.73, it is likely to go to the next support level at $3.63. Should the price break the second support level, the third support level stands at $3.56.
Archer Aviation Inc (NYSE: ACHR) Key Stats
There are currently 323,558K shares outstanding in the company with a market cap of 1.37 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 -106,900 K.
