Let’s look at the key reasons that are pushing Archer Aviation Inc (ACHR) to new highs

On Monday, Archer Aviation Inc (NYSE: ACHR) opened lower -8.25% from the last session, before settling in for the closing price of $8.97. Price fluctuations for ACHR have ranged from $2.82 to $12.48 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

Company’s average yearly earnings per share was noted 28.36% at the time writing. With a float of $256.24 million, this company’s outstanding shares have now reached $383.79 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 45.16%, operating margin of -3974.19%, and the pretax margin is -3606.45%.

Archer Aviation Inc (ACHR) Breakdown of a Key Holders of the stock

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 39.75%, while institutional ownership is 34.52%. The most recent insider transaction that took place on Jan 07 ’25, was worth 600,000. In this transaction CHIEF TECHNOLOGY OFFICER of this company sold 50,000 shares at a rate of $12.00, taking the stock ownership to the 1,070,360 shares. Before that another transaction happened on Jan 07 ’25, when Company’s Officer proposed sale 50,000 for $12.00, making the entire transaction worth $600,000.

Archer Aviation Inc (ACHR) Recent Fiscal highlights

Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.22 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 28.36% 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 6.03.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.33, a number that is poised to hit -0.30 in the next quarter and is forecasted to reach -0.91 in one year’s time.

Technical Analysis of Archer Aviation Inc (ACHR)

Compared to the last year’s volume of 38.99 million, its volume of 36.19 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 13.76%. Additionally, its Average True Range was 1.13.

During the past 100 days, Archer Aviation Inc’s (ACHR) raw stochastic average was set at 56.03%, which indicates a significant increase from 3.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 146.61% in the past 14 days, which was higher than the 113.63% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $7.23, while its 200-day Moving Average is $4.57. Nevertheless, the first resistance level for the watch stands at $8.59 in the near term. At $8.94, the stock is likely to face the second major resistance level. The third major resistance level sits at $9.21. If the price goes on to break the first support level at $7.97, it is likely to go to the next support level at $7.70. Now, if the price goes above the second support level, the third support stands at $7.35.

Archer Aviation Inc (NYSE: ACHR) Key Stats

There are currently 425,273K shares outstanding in the company with a market cap of 3.50 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 -115,300 K.