Archer Aviation Inc (NYSE: ACHR) kicked off on Monday, down -1.22% from the previous trading day, before settling in for the closing price of $3.28. Over the past 52 weeks, ACHR has traded in a range of $2.82-$7.01.
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While this was happening, its average annual earnings per share was recorded 27.70%. With a float of $222.44 million, this company’s outstanding shares have now reached $265.62 million.
Let’s determine the extent of company efficiency that accounts for 691 employees. 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
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 37.44%, while institutional ownership is 34.92%. 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) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.19 earnings per share (EPS), higher than consensus estimate (set at -0.3) by 0.11. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.3 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 27.70% 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 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 -1.02 in one year’s time.
Technical Analysis of Archer Aviation Inc (ACHR)
Looking closely at Archer Aviation Inc (NYSE: ACHR), its last 5-days average volume was 12.01 million, which is a jump from its year-to-date volume of 7.72 million. As of the previous 9 days, the stock’s Stochastic %D was 44.76%. Additionally, its Average True Range was 0.19.
During the past 100 days, Archer Aviation Inc’s (ACHR) raw stochastic average was set at 15.86%, which indicates a significant decrease from 50.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 66.40% in the past 14 days, which was lower than the 69.22% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.19, while its 200-day Moving Average is $3.97. However, in the short run, Archer Aviation Inc’s stock first resistance to watch stands at $3.31. Second resistance stands at $3.37. The third major resistance level sits at $3.42. If the price goes on to break the first support level at $3.20, it is likely to go to the next support level at $3.15. Should the price break the second support level, the third support level stands at $3.09.
Archer Aviation Inc (NYSE: ACHR) Key Stats
The company with the Market Capitalisation of 1.20 billion has total of 355,554K 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 -106,900 K.
