Currently, Archer Aviation Inc [ACHR] is trading at $3.72, up 8.77%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ACHR shares have gain 1.64% over the last week, with a monthly amount glided 13.76%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Archer Aviation Inc [NYSE: ACHR] stock has seen the most recent analyst activity on June 09, 2023, when Canaccord Genuity initiated its Buy rating and assigned the stock a price target of $9. Previously, Raymond James started tracking the stock with Outperform rating on July 27, 2022, and set its price target to $8. On April 28, 2022, JP Morgan initiated with a Overweight rating and assigned a price target of $7 on the stock. Deutsche Bank started tracking the stock assigning a Buy rating and suggested a price target of $10 on April 11, 2022. Cantor Fitzgerald initiated its recommendation with a Overweight and recommended $14 as its price target on November 30, 2021.
This stock has fluctuated between a low of $3.00 and a high of $7.49 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $3.63 within the next 12 months. Archer Aviation Inc [NYSE: ACHR] shares were valued at $3.72 at the most recent close of the market. An investor can expect a potential drop of -2.42% based on the average ACHR price forecast.
Analyzing the ACHR fundamentals
Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at -38.48%, Pretax Profit Margin comes in at -37.15%, and Net Profit Margin reading is -37.2%. To continue investigating profitability, this company’s Return on Assets is posted at -0.9, Equity is -1.33 and Total Capital is -1.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.06.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.53 points at the first support level, and at 3.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.85, and for the 2nd resistance point, it is at 3.98.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Archer Aviation Inc [NYSE:ACHR] is 6.01. Also, the Quick Ratio is 6.01, while the Cash Ratio stands at 5.88.
Transactions by insiders
Recent insider trading involved Stellantis N.V., 10% Owner, that happened on Mar 15 ’24 when 0.75 million shares were purchased. 10% Owner, Stellantis N.V. completed a deal on Mar 14 ’24 to buy 0.75 million shares. Meanwhile, 10% Owner Stellantis N.V. bought 0.8 million shares on Mar 13 ’24.
