The stock of Archer Aviation Inc (ACHR) has gone down by -3.08% for the week, with a 5.88% rise in the past month and a -30.68% drop in the past quarter. The volatility ratio for the week is 8.30%, and the volatility levels for the past 30 days are 5.99% for ACHR. The simple moving average for the past 20 days is 0.15% for ACHR’s stock, with a -23.12% simple moving average for the past 200 days.
Is It Worth Investing in Archer Aviation Inc (NYSE: ACHR) Right Now?
Company’s 36-month beta value is 2.31.Analysts have differing opinions on the stock, with 7 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 222.18M, and currently, short sellers hold a 26.62% ratio of that floaft. The average trading volume of ACHR on October 25, 2024 was 10.43M shares.
ACHR) stock’s latest price update
The stock price of Archer Aviation Inc (NYSE: ACHR) has surged by 0.06 when compared to previous closing price of 3.09, but the company has seen a -3.08% decline in its stock price over the last five trading sessions. zacks.com reported 2024-10-24 that In the latest trading session, Archer Aviation Inc. (ACHR) closed at $3.09, marking a -0.96% move from the previous day.
Analysts’ Opinion of ACHR
Many brokerage firms have already submitted their reports for ACHR stocks, with H.C. Wainwright repeating the rating for ACHR by listing it as a “Buy.” The predicted price for ACHR in the upcoming period, according to H.C. Wainwright is $12.50 based on the research report published on September 03, 2024 of the current year 2024.
Canaccord Genuity, on the other hand, stated in their research note that they expect to see ACHR reach a price target of $9. The rating they have provided for ACHR stocks is “Buy” according to the report published on June 09th, 2023.
Raymond James gave a rating of “Outperform” to ACHR, setting the target price at $8 in the report published on July 27th of the previous year.
ACHR Trading at -4.85% 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 -55.93% of loss for the given period.
Volatility was left at 5.99%, however, over the last 30 days, the volatility rate increased by 8.30%, as shares surge +0.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.56% lower at present.
During the last 5 trading sessions, ACHR fell by -3.61%, which changed the moving average for the period of 200-days by -42.84% in comparison to the 20-day moving average, which settled at $3.09. In addition, Archer Aviation Inc saw -49.64% 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 63.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.49.
Conclusion
In a nutshell, Archer Aviation Inc (ACHR) has experienced a bad 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.
