Archer Aviation Inc (NYSE: ACHR)’s stock price has gone decline by -2.26 in comparison to its previous close of 3.54, however, the company has experienced a -9.42% decrease in its stock price over the last five trading days. seekingalpha.com reported 2024-08-29 that Archer Aviation stock is a “Strong Buy” at $3.8 due to its significant progress towards FAA certification and a $6 billion order book. The eVTOL industry is poised for multi-decade growth, with Archer well-positioned as an early mover to capitalize on this potential. Strong partnerships with Stellantis, United Airlines, and Southwest Airlines bolster Archer’s financial stability and operational plans.
Is It Worth Investing in Archer Aviation Inc (NYSE: ACHR) Right Now?
ACHR has 36-month beta value of 2.35. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for ACHR is 216.53M, and currently, short sellers hold a 30.22% ratio of that float. The average trading volume of ACHR on August 30, 2024 was 9.08M shares.
ACHR’s Market Performance
The stock of Archer Aviation Inc (ACHR) has seen a -9.42% decrease in the past week, with a -13.72% drop in the past month, and a 5.81% gain in the past quarter. The volatility ratio for the week is 4.73%, and the volatility levels for the past 30 days are at 6.54% for ACHR. The simple moving average for the past 20 days is -7.86% for ACHR’s stock, with a -25.22% 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 -14.75% 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 -52.73% of loss for the given period.
Volatility was left at 6.54%, however, over the last 30 days, the volatility rate increased by 4.73%, as shares sank -12.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.18% upper at present.
During the last 5 trading sessions, ACHR fell by -8.38%, which changed the moving average for the period of 200-days by -32.69% in comparison to the 20-day moving average, which settled at $3.73. In addition, Archer Aviation Inc saw -43.65% 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 Muniz Thomas Paul, who proposed sale 91,425 shares at the price of $3.74 back on Aug 19 ’24. After this action, Muniz Thomas Paul now owns shares of Archer Aviation Inc, valued at $341,783 using the latest closing price.
Perkins Tosha, the Officer of Archer Aviation Inc, proposed sale 44,575 shares at $3.74 during a trade that took place back on Aug 19 ’24, which means that Perkins Tosha is holding shares at $166,639 based on the most recent closing price.
Stock Fundamentals for ACHR
Current profitability levels for the company are sitting at:
- -33.62 for the present operating margin
- 0.31 for the gross margin
The net margin for Archer Aviation Inc stands at -30.98. The total capital return value is set at -1.04. Equity return is now at value -125.87, with -79.56 for asset returns.
Based on Archer Aviation Inc (ACHR), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at -8.83. The debt to equity ratio resting at 0.11. The interest coverage ratio of the stock is -28.17.
Currently, EBITDA for the company is -439.0 million with net debt to EBITDA at 0.78. When we switch over and look at the enterprise to sales, we see a ratio of 73.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.49.
Conclusion
To put it simply, Archer Aviation Inc (ACHR) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.
