An Insider Bought 57,575 Shares Of Archer Aviation Inc. (ACHR)

As of Friday close, Archer Aviation Inc.’s (NYSE:ACHR) stock was up $0.51, moving up 14.61 percent to $4.00. The average number of shares traded per day over the past five days has been 2,397,560 shares. 2 times new highs have been achieved over the past 5 days, with a $0.18 gain in that time frame. In the last twenty days, the average volume was 2,078,185, while in the previous 50 days, it was 2,143,824.

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Since last month, ACHR stock retreated -1.72%. Shares of the company fell to $3.00 on 05/12/22, the lowest level in the past month. A 52-week high of $10.72 was reached on 01/03/22 after having rallying from a 52-week low of $2.61. Since the beginning of this year, ACHR’s stock price has dropped by -33.77% or -$2.04, and marked a new high 1 time. However, the stock has declined by -62.69% since its 52-week high.

Archer Aviation Inc. (ACHR) last reported insider trading activity 64 days ago on Mar 11. Lore Marc E., the 10% Owner of the company, purchased of 57,575 shares for $3.23 on Mar 11. It resulted in a $186,255 investment by the insider. Lore Marc E. added 41,405 shares at an average price of $3.25 on Mar 10. The insider now owns 28,028,783 shares following the transaction. On Mar 08, 10% Owner Lore Marc E. bought 84,020 shares at $3.16 apiece. The transaction was valued at $265,293.

Financial Health

In the three months ended December 30, Archer Aviation Inc.’s quick ratio stood at 26.70, while its current ratio was 26.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.01, and the total debt-to-equity ratio was 0.03.

In Archer Aviation Inc.’s quarter-end financial report for December 30, it reported total debt of $7.0 million. While analysts expected Archer Aviation Inc. to report -$0.37 quarterly earnings, the actual figure was -$0.3 per share, beating the consensus estimate by 18.90%.

Technical Picture

This quick technical analysis looks at Archer Aviation Inc.’s (ACHR) price momentum. With a historical volatility rate of 109.67%, the RSI 9-day stood at 53.91% on 13 May.

With respect to its five-day moving average, the current Archer Aviation Inc. price is up by +4.71% percent or $0.18. At present, ACHR shares trade -1.72% below its 20-day simple moving average and -39.12% percent below its 100-day simple moving average. However, the stock is currently trading approximately +40.85% above its SMA50 and -59.68% below its SMA200.

Stochastic coefficient K was 28.92% and Stochastic coefficient D was 15.01%, while ATR was 0.42. Given the Stochastic reading of 53.76% for the 14-day period, the RSI (14) reading has been calculated as 51.24%. As of today, the MACD Oscillator reading stands at -0.16, while the 14-day reading stands at -0.35.

Analyst Ratings

JP Morgan launched its rating on Archer Aviation Inc. (NYSE: ACHR) to an Overweight in a note to investors on April 28, 2022. Archer Aviation Inc. (ACHR) has been rated Buy by analysts. According to 0 brokerage firms, ACHR is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Archer Aviation Inc. stock as buy, with 4 recommending it as overweight.

With a median target price of $10.00, the current consensus forecast for the stock is $5.50 – $15.00. Based on these forecasts, analysts predict Archer Aviation Inc. (ACHR) will achieve an average price target of $9.30.


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