and a 36-month beta value of 2.64. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The average price predicted for Archer Aviation Inc (ACHR) by analysts is $9.83, which is $3.51 above the current market price. The public float for ACHR is 168.21M, and at present, short sellers hold a 24.36% of that float. On November 20, 2023, the average trading volume of ACHR was 7.51M shares.
ACHR) stock’s latest price update
The stock price of Archer Aviation Inc (NYSE: ACHR) has jumped by 0.96 compared to previous close of 6.26. Despite this, the company has seen a gain of 27.16% in its stock price over the last five trading days. InvestorPlace reported 2023-11-19 that Flying cars and electric vertical takeoff and landing (eVTOL) vehicles remain a hot issue in the stock market. Investors continue to be highly interested in the sector due to the strong expectation of rapid growth.
ACHR’s Market Performance
ACHR’s stock has risen by 27.16% in the past week, with a monthly rise of 23.44% and a quarterly drop of -9.71%. The volatility ratio for the week is 6.88% while the volatility levels for the last 30 days are 7.03% for Archer Aviation Inc The simple moving average for the last 20 days is 22.58% for ACHR’s stock, with a simple moving average of 53.31% 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 17.84% 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 -15.62% of loss for the given period.
Volatility was left at 7.03%, however, over the last 30 days, the volatility rate increased by 6.88%, as shares surge +29.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.20% lower at present.
During the last 5 trading sessions, ACHR rose by +27.16%, which changed the moving average for the period of 200-days by +100.63% in comparison to the 20-day moving average, which settled at $5.23. In addition, Archer Aviation Inc saw 237.97% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at ACHR starting from MISSAN ANDY, who sale 12,500 shares at the price of $6.39 back on Nov 17. After this action, MISSAN ANDY now owns 281,562 shares of Archer Aviation Inc, valued at $79,875 using the latest closing price.
Stellantis N.V., the 10% Owner of Archer Aviation Inc, purchase 12,313,234 shares at $5.68 during a trade that took place back on Oct 16, which means that Stellantis N.V. is holding 31,048,137 shares at $69,999,504 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 -96.39, with -75.47 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.
To sum up, Archer Aviation Inc (ACHR) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.