This trade activity should not be overlooked: Archer Aviation Inc (ACHR)

With 4.69 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.96 shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $5.45 whereas the lowest price it dropped to was $5.25. The 52-week range on ACHR shows that it touched its highest point at $7.49 and its lowest point at $1.77 during that stretch. It currently has a 1-year price target of $9.36. Beta for the stock currently stands at 2.52.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ACHR was up-trending over the past week, with a rise of 9.31%, but this was up by 0.37% over a month. Three-month performance surged to 3.65% while six-month performance fell -7.38%. The stock gained 98.53% in the past year, while it has lost -12.05% so far this year. A look at the trailing 12-month EPS for ACHR yields -1.77 with Next year EPS estimates of -1.18. For the next quarter, that number is -0.31. This implies an EPS growth rate of -0.89% for this year and 11.58% for next year.

Float and Shares Shorts:

At present, 300.78 million ACHR shares are outstanding with a float of 178.80 million shares on hand for trading. On Jan 31, 2024, short shares totaled 38.1 million, which was 12.67% higher than short shares on Dec 29, 2023. In addition to Mr. Adam D. Goldstein as the firm’s Founder, CEO & Director, Mr. Mark Mesler serves as its Chief Financial Officer.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ACHR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ACHR analysts setting a high price target of $12.00 and a low target of $6.50, the average target price over the next 12 months is $9.36. Based on these targets, ACHR could surge 122.22% to reach the target high and rise by 20.37% to reach the target low. Reaching the average price target will result in a growth of 73.33% from current levels.

Summary of Insider Activity:

Insiders traded ACHR stock several times over the past three months with 8 Buys and 5 Sells. In these transactions, 277,352 shares were bought while 120,284 shares were sold. The number of buy transactions has increased to 46 while that of sell transactions has risen to 53 over the past year. The total number of shares bought during that period was 22,591,218 while 5,716,364 shares were sold.