Needham has recently initiated Archer Aviation Inc (ACHR) stock to Buy rating, as announced on November 19, 2024, according to Finviz. Earlier, on September 3, 2024, H.C. Wainwright had initiated the stock to Buy, setting a price target of $12.50. Canaccord Genuity also initiated Buy rating with a price target of $9. Additionally, Raymond James initiated Outperform rating on July 27, 2022, with a target price of $8. JP Morgan analysts, in their report published on April 28, 2022, also initiated Overweight rating and set a price target of $7 for Archer Aviation Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Archer Aviation Inc (ACHR) Stock Trading Recap
On Tuesday, Archer Aviation Inc (ACHR) stock saw a decline, ending the day at $6.75 which represents a decrease of $-0.55 or -7.53% from the prior close of $7.3. The stock opened at $6.41 and touched a low of $6.26 during the day, reaching a high of $7.16. The volume of shares traded was 51.57 million exceeding the average volume of 20.54 million.
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ACHR Stock Performance and Moving Averages
In recent trading, Archer Aviation Inc (ACHR) stock price has shown some volatility, fluctuating -9.76% over the last five trades and 105.79% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 107.69%, and it has gained 100.89% in the previous three months. Currently, ACHR is trading at 24.40%, 67.14%, and 68.85% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, ACHR, a Industrials sector stock, is trading -31.40% below its 52-week high but remains 139.31% above its 52-week low. The Average True Range (ATR) (14 days) of 0.84 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Archer Aviation Inc’s Profitability and Valuation Ratios
Archer Aviation Inc’s profitability metrics reveal financial health. The company currently boasts a gross margin of 107.69%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Archer Aviation Inc’s market capitalization stands at $2.87 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Book Ratio is 6.13, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 36.92% of Archer Aviation Inc (ACHR)’s shares, while financial institutions hold 34.46%.
Notable insider trades include Goldstein Adam D, Chief Executive Officer at Archer Aviation Inc (ACHR), who sold 1372247 shares on Nov 20 ’24, at $4.99 each, totaling $6.85 million. On Nov 21 ’24, Goldstein Adam D, Chief Executive Officer, sold 829761 shares for $5.15 each, amounting to $4.28 million. Additionally, on Nov 19 ’24, Goldstein Adam D sold 805170 shares at $4.63 each, generating $3.73 million.
