Archer Aviation Inc. (NYSE:ACHR) saw an upside of 1.42% to close Tuesday at $5.71 after adding $0.08 on the day. The 5-day average trading volume is 4,700,440 shares of the company’s common stock. It has gained $6.73 in the past week and touched a new high 1 time within the past 5 days. An average of 7,490,460 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,136,624.
ACHR’s 1-month performance is 18.22% or $1.03 on its low of $4.37 reached on 07/11/23. The company’s shares have touched a 52-week low of $1.62 and high of $7.10, with the stock’s rally to the 52-week high happening on 08/01/23. YTD, ACHR has achieved 205.35% or $3.84 and has reached a new high 22 times. However, the current price is down -19.58% from the 52-week high price.
Insider Transactions
ACHR stock investors last saw insider trading activity on Jun 29.Muniz Thomas Paul (Chief Operating Officer) most recently sold 125,000 shares at $4.50 per share on Jun 29. This transaction cost the insider $562,500. Chief Legal Off. & Secretary, MISSAN ANDY, sold 10,000 shares at a price of $4.50 on Jun 29. Then, on Jun 20, Chief Legal Off. & Secretary MISSAN ANDY sold 27,500 shares at a price of $4.09 per share. This transaction amounted to $112,544.
Valuation Metrics
ACHR stock has a beta of 2.49. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 3.40.
Archer Aviation Inc.’s quick ratio for the period ended March 30 was 7.30, with the current ratio over the same period at 7.30. The firm’s gross profit as reported stood at -$2.3 million against revenue of $347.4 million.
Earnings Surprise
For the quarterly period ending March 30 this year, Archer Aviation Inc.’s cash and short-term investments amounted to $150.7 million against total debt of $18.9 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 47.66% to -$113.1 million, while revenue of -$95.4 million was 15.65% off the previous quarter. Analysts expected ACHR to announce -$0.31 per share in earnings in its latest quarter, but it posted -$0.33, representing a -6.50% surprise. EBITDA for the quarter stood at more than -$110.8 million. ACHR stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 95.8 million, with total debt at $18.9 million. Shareholders hold equity totaling $247.45 million.
Let’s look briefly at Archer Aviation Inc. (ACHR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 56.16% to suggest the stock is trending Neutral, with historical volatility in this time period at 191.06%.
The stock’s 5-day moving average is $5.88, reflecting a -12.82% or -$0.84 change from its current price. ACHR is currently trading +27.46% above its 20-day SMA, +109.16% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +96.90% and SMA200 by+110.70%.
Stochastic %K and %D was 45.36% and 51.38% and the average true range (ATR) pointed at 0.53. The RSI (14) points at 57.99%, while the 14-day stochastic is at 47.74% with the period’s ATR at 0.51. The stock’s 9-day MACD Oscillator is pointing at -0.13 and 0.25 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Archer Aviation Inc. (NYSE: ACHR), Canaccord Genuity launched coverage with a Buy rating. Analysts offering their rating for ACHR stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ACHR as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 4 have offered a “buy” rating.
What is ACHR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $4.50 and a high of $12.00, with their median price target at $8.50. Looking at these predictions, the average price target given by analysts is for Archer Aviation Inc. (ACHR) stock is $8.25.
