Archer Aviation Inc [ACHR] stock is trading at $9.49, up 12.71%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ACHR shares have gain 13.11% over the last week, with a monthly amount glided 87.55%, 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 [ACHR] stock has fluctuated between $2.82 and $10.58 over the past year. 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 $9.49 at the most recent close of the market. An investor can expect a potential drop of -20.97% 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 8.45 points at the first support level, and at 7.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.27, and for the 2nd resistance point, it is at 11.04.
Ratios To Look Out For
For context, Archer Aviation Inc’s Current Ratio is 6.03. Further, the Quick Ratio stands at 6.03, while the Cash Ratio is 5.79.
Transactions by insiders
Recent insider trading involved Spellacy Michael, Director, that happened on Dec 18 ’24 when 0.28 million shares were sold. Director, Spellacy Michael completed a deal on Dec 18 ’24 to sell 0.19 million shares. Meanwhile, CHIEF TECHNOLOGY OFFICER Muniz Thomas Paul sold 50000.0 shares on Dec 16 ’24.
