At the time of writing, Archer Aviation Inc [ACHR] stock is trading at $3.20, up 7.74%. An important factor to consider is whether the stock is rising or falling in short-term value. The ACHR shares have gain 9.97% over the last week, with a monthly amount drifted -5.33%, and not 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 September 03, 2024, when H.C. Wainwright initiated its Buy rating and assigned the stock a price target of $12.50. Previously, Canaccord Genuity started tracking the stock with Buy rating on June 09, 2023, and set its price target to $9. On July 27, 2022, Raymond James initiated with a Outperform rating and assigned a price target of $8 on the stock. JP Morgan started tracking the stock assigning a Overweight rating and suggested a price target of $7 on April 28, 2022. Deutsche Bank initiated its recommendation with a Buy and recommended $10 as its price target on April 11, 2022. Cantor Fitzgerald started tracking with a Overweight rating for this stock on November 30, 2021, and assigned it a price target of $14.
For the past year, the stock price of Archer Aviation Inc fluctuated between $2.82 and $7.01. Currently, Wall Street analysts expect the stock to reach $5.75 within the next 12 months. Archer Aviation Inc [NYSE: ACHR] shares were valued at $3.20 at the most recent close of the market. An investor can expect a potential return of 79.69% based on the average ACHR price forecast.
Analyzing the ACHR fundamentals
Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at -33.62%, Pretax Profit Margin comes in at -30.93%, and Net Profit Margin reading is -30.98%. To continue investigating profitability, this company’s Return on Assets is posted at -0.79, Equity is -1.06 and Total Capital is -1.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.11.
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 3.05 points at the first support level, and at 2.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.29, and for the 2nd resistance point, it is at 3.37.
Ratios To Look Out For
It is important to note that Archer Aviation Inc [NYSE:ACHR] has a current ratio of 4.49. On the other hand, the Quick Ratio is 4.49, and the Cash Ratio is 4.39.
Transactions by insiders
Recent insider trading involved Muniz Thomas Paul, Officer, that happened on Aug 19 ’24 when 91425.0 shares were purchased. Officer, Perkins Tosha completed a deal on Aug 19 ’24 to buy 44575.0 shares. Meanwhile, Officer Mesler Mark bought 53876.0 shares on Aug 19 ’24.
