Archer Aviation Inc [ACHR] stock prices are up 4.50% to $6.04 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ACHR shares have gain 46.96% over the last week, with a monthly amount glided 95.47%, 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 November 19, 2024, when Needham initiated its Buy rating and assigned the stock a price target of $11. Previously, H.C. Wainwright started tracking the stock with Buy rating on September 03, 2024, and set its price target to $12.50. On June 09, 2023, Canaccord Genuity initiated with a Buy rating and assigned a price target of $9 on the stock. Raymond James started tracking the stock assigning a Outperform rating and suggested a price target of $8 on July 27, 2022. JP Morgan initiated its recommendation with a Overweight and recommended $7 as its price target on April 28, 2022. Deutsche Bank started tracking with a Buy rating for this stock on April 11, 2022, and assigned it a price target of $10. In a note dated November 30, 2021, Cantor Fitzgerald initiated an Overweight rating and provided a target price of $14 on this stock.
The stock price of Archer Aviation Inc [ACHR] has been fluctuating between $2.82 and $7.01 over the past year. 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 $6.04 at the most recent close of the market. An investor can expect a potential drop of -4.8% based on the average ACHR price forecast.
Analyzing the ACHR fundamentals
Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at -39.74%, Pretax Profit Margin comes in at -36.06%, and Net Profit Margin reading is -36.11%. To continue investigating profitability, this company’s Return on Assets is posted at -0.69, Equity is -1.16 and Total Capital is -0.87. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.14.
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 5.78 points at the first support level, and at 5.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.26, and for the 2nd resistance point, it is at 6.48.
Ratios To Look Out For
It’s worth pointing out that Archer Aviation Inc [NYSE:ACHR]’s Current Ratio is 6.03. In addition, the Quick Ratio stands at 6.03 and the Cash Ratio stands at 5.79.
Transactions by insiders
Recent insider trading involved Goldstein Adam D, Chief Executive Officer, that happened on Nov 21 ’24 when 19762.0 shares were purchased. Chief Executive Officer, Goldstein Adam D completed a deal on Nov 20 ’24 to sell 1.37 million shares. Meanwhile, Chief Executive Officer Goldstein Adam D sold 0.83 million shares on Nov 21 ’24.
