It is Poised to be a Bull Market for Archer Aviation Inc (ACHR)

With 4.16 million shares changed hands, the volume of the stock remained lighter than its average volume of 5.52 million shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $4.4500 whereas the lowest price it dropped to was $4.3100. 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 $9.83. Beta for the stock currently stands at 2.43.

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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 down-trending over the past week, with a drop of -12.53%, but this was down by -4.84% over a month. Three-month performance dropped to -29.48% while six-month performance fell -14.43%. The stock gained 57.45% in the past year, while it has lost -29.48% so far this year. A look at the trailing 12-month EPS for ACHR yields -1.74 with Next year EPS estimates of -1.07. For the next quarter, that number is -0.31. This implies an EPS growth rate of -2.47% for this year and 18.62% for next year.

Float and Shares Shorts:

At present, 265.62 million ACHR shares are outstanding with a float of 190.73 million shares on hand for trading. On Mar 15, 2024, short shares totaled 49.21 million, which was 15.84% higher than short shares on Feb 15, 2024. In addition to ACHR as the firm’s Archer Aviation Inc., AEHR serves as its Aehr Test Systems.

Institutional Ownership:

Through their ownership of 45.76% of ACHR’s outstanding shares, institutional investors have minority control over the company.

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.