A share price of Archer Aviation Inc [ACHR] is currently trading at $7.82, down -5.56%. 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 7.12% over the last week, with a monthly amount glided 123.43%, 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.
Archer Aviation Inc experienced fluctuations in its stock price throughout the past year between $2.82 and $9.84. Currently, Wall Street analysts expect the stock to reach $7.5 within the next 12 months. Archer Aviation Inc [NYSE: ACHR] shares were valued at $7.82 at the most recent close of the market. An investor can expect a potential drop of -4.09% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.14.
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 7.41 points at the first support level, and at 7.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.24, and for the 2nd resistance point, it is at 8.67.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Archer Aviation Inc [NYSE:ACHR] is 6.03. Also, the Quick Ratio is 6.03, while the Cash Ratio stands at 5.79.
Transactions by insiders
Recent insider trading involved Lentell Eric, General Counsel and Secretary, that happened on Dec 04 ’24 when 0.11 million shares were sold. CHIEF PEOPLE PARTNERSHIPS OFF., Perkins Tosha completed a deal on Dec 03 ’24 to sell 0.15 million shares. Meanwhile, Officer Lentell Eric bought 0.11 million shares on Dec 04 ’24.
