Archer Aviation Inc. (NYSE: ACHR) has seen a decline in its stock price by -2.42 in relation to its previous close of 6.61. However, the company has experienced a -5.29% decline in its stock price over the last five trading sessions. InvestorPlace reported 2023-09-16 that Flying car stocks are the latest trend in transportation. These vehicles have a variety of uses, and it might not be long until we see them in our everyday lives.
Is It Worth Investing in Archer Aviation Inc. (NYSE: ACHR) Right Now?
, and the 36-month beta value for ACHR is at 2.43. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The average price suggested by analysts for ACHR is $9.21, which is $2.45 above the current market price. The public float for ACHR is 150.15M, and currently, shorts hold a 20.86% of that float. The average trading volume for ACHR on September 18, 2023 was 9.37M shares.
ACHR’s Market Performance
ACHR’s stock has seen a -5.29% decrease for the week, with a 8.59% rise in the past month and a 44.94% gain in the past quarter. The volatility ratio for the week is 6.74%, and the volatility levels for the past 30 days are at 10.03% for Archer Aviation Inc. The simple moving average for the last 20 days is -2.12% for ACHR stock, with a simple moving average of 85.92% for the last 200 days.
Analysts’ Opinion of ACHR
Many brokerage firms have already submitted their reports for ACHR stocks, with Canaccord Genuity repeating the rating for ACHR by listing it as a “Buy.” The predicted price for ACHR in the upcoming period, according to Canaccord Genuity is $9 based on the research report published on June 09, 2023 of the current year 2023.
ACHR Trading at 10.45% from the 50-Day Moving Average
After a stumble in the market that brought ACHR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.89% of loss for the given period.
Volatility was left at 10.03%, however, over the last 30 days, the volatility rate increased by 6.74%, as shares surge +7.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +49.65% upper at present.
During the last 5 trading sessions, ACHR fell by -5.29%, which changed the moving average for the period of 200-days by +182.89% in comparison to the 20-day moving average, which settled at $6.61. In addition, Archer Aviation Inc. saw 244.92% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ACHR starting from Muniz Thomas Paul, who sale 85,000 shares at the price of $7.20 back on Aug 21. After this action, Muniz Thomas Paul now owns 1,173,102 shares of Archer Aviation Inc., valued at $612,000 using the latest closing price.
MISSAN ANDY, the Chief Legal Off. & Secretary of Archer Aviation Inc., sale 12,500 shares at $6.21 during a trade that took place back on Aug 18, which means that MISSAN ANDY is holding 251,384 shares at $77,625 based on the most recent closing price.
Stock Fundamentals for ACHR
The total capital return value is set at -54.40, while invested capital returns managed to touch -52.36. Equity return is now at value -111.40, with -88.00 for asset returns.
Based on Archer Aviation Inc. (ACHR), the company’s capital structure generated 4.50 points at debt to equity in total, while total debt to capital is 4.31. Total debt to assets is 3.87, with long-term debt to equity ratio resting at 1.86. Finally, the long-term debt to capital ratio is 1.78.
The liquidity ratio also appears to be rather interesting for investors as it stands at 10.23.
Conclusion
In conclusion, Archer Aviation Inc. (ACHR) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
