The stock price of Archer Aviation Inc (NYSE: ACHR) has surged by 1.24 when compared to previous closing price of 4.02, but the company has seen a 3.56% gain in its stock price over the last five trading sessions. Green Stock News reported 2024-04-26 that Archer Aviation (NYSE: ACHR), a leader in eVTOL aircraft development, announced the framework of a significant agreement in Abu Dhabi. This multi-hundred-million dollar deal accelerates Archer’s air taxi operations in the United Arab Emirates, starting next year.
Is It Worth Investing in Archer Aviation Inc (NYSE: ACHR) Right Now?
Company’s 36-month beta value is 2.45.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ACHR is 204.07M, and currently, short sellers hold a 26.70% ratio of that floaft. The average trading volume of ACHR on April 30, 2024 was 5.40M shares.
ACHR’s Market Performance
The stock of Archer Aviation Inc (ACHR) has seen a 3.56% increase in the past week, with a -11.90% drop in the past month, and a -21.28% fall in the past quarter. The volatility ratio for the week is 4.45%, and the volatility levels for the past 30 days are at 4.77% for ACHR. The simple moving average for the past 20 days is -0.28% for ACHR’s stock, with a -24.26% simple moving average for the past 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 previous year 2023.
Raymond James, on the other hand, stated in their research note that they expect to see ACHR reach a price target of $8. The rating they have provided for ACHR stocks is “Outperform” according to the report published on July 27th, 2022.
JP Morgan gave a rating of “Overweight” to ACHR, setting the target price at $7 in the report published on April 28th of the previous year.
ACHR Trading at -10.18% 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 -45.66% of loss for the given period.
Volatility was left at 4.77%, however, over the last 30 days, the volatility rate increased by 4.45%, as shares sank -9.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.32% lower at present.
During the last 5 trading sessions, ACHR rose by +3.56%, which changed the moving average for the period of 200-days by -20.20% in comparison to the 20-day moving average, which settled at $4.06. In addition, Archer Aviation Inc saw -33.71% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ACHR starting from Stellantis N.V., who purchase 750,000 shares at the price of $5.19 back on Mar 15 ’24. After this action, Stellantis N.V. now owns 39,351,720 shares of Archer Aviation Inc, valued at $3,894,053 using the latest closing price.
Stellantis N.V., the 10% Owner of Archer Aviation Inc, purchase 750,000 shares at $4.99 during a trade that took place back on Mar 14 ’24, which means that Stellantis N.V. is holding 38,601,720 shares at $3,743,249 based on the most recent closing price.
Stock Fundamentals for ACHR
Current profitability levels for the company are sitting at:
- -35.87 for the present operating margin
- 0.33 for the gross margin
The net margin for Archer Aviation Inc stands at -36.93. The total capital return value is set at -1.01. Equity return is now at value -106.44, with -81.18 for asset returns.
Based on Archer Aviation Inc (ACHR), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at -11.71. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -30.05.
Currently, EBITDA for the company is -439.0 million with net debt to EBITDA at 1.01. When we switch over and look at the enterprise to sales, we see a ratio of 70.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.21.
Conclusion
In a nutshell, Archer Aviation Inc (ACHR) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
