Archer Aviation Inc [NYSE: ACHR] loss -3.37% on the last trading session, reaching $3.73 price per share at the time.
If compared to the average trading volume of 5.41M shares, ACHR reached a trading volume of 3519359 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Archer Aviation Inc [ACHR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ACHR shares is $9.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ACHR stock is a recommendation set at 1.17. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Canaccord Genuity have made an estimate for Archer Aviation Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 09, 2023. While these analysts kept the previous recommendation, Raymond James raised their target price to Outperform. The new note on the price target was released on July 27, 2022, representing the official price target for Archer Aviation Inc stock. Previously, the target price had yet another raise to $7, while JP Morgan analysts kept a Overweight rating on ACHR stock.
The Average True Range (ATR) for Archer Aviation Inc is set at 0.20 The Price to Book ratio for the last quarter was 3.09, with the Price to Cash per share for the same quarter was set at 1.46.
Trading performance analysis for ACHR stock
Archer Aviation Inc [ACHR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.75. With this latest performance, ACHR shares dropped by -12.85% in over the last four-week period, additionally sinking by -30.28% over the last 6 months – not to mention a rise of 74.30% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ACHR stock in for the last two-week period is set at 34.72, with the RSI for the last a single of trading hit 31.31, and the three-weeks RSI is set at 36.96 for Archer Aviation Inc [ACHR]. The present Moving Average for the last 50 days of trading for this stock 4.36, while it was recorded at 3.90 for the last single week of trading, and 5.34 for the last 200 days.
Archer Aviation Inc [ACHR]: A deeper dive into fundamental analysis
Archer Aviation Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.21 and a Current Ratio set at 4.21.
Archer Aviation Inc [ACHR]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ACHR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Archer Aviation Inc go to -12.84%.
An analysis of Institutional ownership at Archer Aviation Inc [ACHR]
The top three institutional holders of ACHR stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in ACHR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in ACHR stock with ownership which is approximately 5.8386%.
