While Archer Aviation Inc has underperformed by -0.59%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ACHR fell by -51.51%, with highs and lows ranging from $7.32 to $3.00, whereas the simple moving average fell by -26.81% in the last 200 days.
On September 03, 2024, H.C. Wainwright started tracking Archer Aviation Inc (NYSE: ACHR) recommending Buy. A report published by Canaccord Genuity on June 09, 2023, Initiated its previous ‘Buy’ rating for ACHR. Raymond James also rated ACHR shares as ‘Outperform’, setting a target price of $8 on the company’s shares in an initiating report dated July 27, 2022. JP Morgan Initiated an Overweight rating on April 28, 2022, and assigned a price target of $7. Deutsche Bank initiated its ‘Buy’ rating for ACHR, as published in its report on April 11, 2022. Cantor Fitzgerald’s report from November 30, 2021 suggests a price prediction of $14 for ACHR shares, giving the stock a ‘Overweight’ rating.
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Analysis of Archer Aviation Inc (ACHR)
In order to gain a clear picture of Archer Aviation Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -125.87% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 4.49, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 9.12M can be a very valuable indicator of volatility for ACHR stock. On a monthly basis, the volatility of the stock is set at 6.28%, whereas on a weekly basis, it is put at 5.78%, with a loss of -13.99% over the past seven days. Furthermore, long-term investors anticipate a median target price of $9.71, showing growth from the present price of $3.38, which can serve as yet another indication of whether ACHR is worth investing in or should be passed over.
How Do You Analyze Archer Aviation Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 39.10%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 36.44% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ACHR shares are owned by institutional investors to the tune of 36.44% at present.
