A new trading day began on Monday, with Archer Aviation Inc (NYSE: ACHR) stock price remained unchanged from the previous day of trading, before settling in for the closing price of $3.08. ACHR’s price has ranged from $2.82 to $7.01 over the past 52 weeks.
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Meanwhile, its annual earnings per share averaged 25.70%. With a float of $221.78 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. 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 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 37.62%, while institutional ownership is 35.75%. The most recent insider transaction that took place on Aug 19 ’24, was worth 341,783. Before that another transaction happened on Aug 19 ’24, when Company’s Officer proposed sale 44,575 for $3.74, making the entire transaction worth $166,639.
Archer Aviation Inc (ACHR) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.19 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.32 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 25.70% 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 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 -1.11 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 9.26 million. That was better than the volume of 7.35 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 49.55%. Additionally, its Average True Range was 0.17.
During the past 100 days, Archer Aviation Inc’s (ACHR) raw stochastic average was set at 9.81%, which indicates a significant decrease from 64.95% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 69.89% in the past 14 days, which was higher than the 67.58% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.36, while its 200-day Moving Average is $4.14. However, in the short run, Archer Aviation Inc’s stock first resistance to watch stands at $3.11. Second resistance stands at $3.15. The third major resistance level sits at $3.19. If the price goes on to break the first support level at $3.03, it is likely to go to the next support level at $2.99. Assuming the price breaks the second support level, the third support level stands at $2.95.
Archer Aviation Inc (NYSE: ACHR) Key Stats
With a market capitalization of 1.10 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 -106,900 K.
