While Archer Aviation Inc has overperformed by 8.09%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ACHR rose by 33.33%, with highs and lows ranging from $9.84 to $2.82, whereas the simple moving average jumped by 105.11% in the last 200 days.
On November 19, 2024, Needham started tracking Archer Aviation Inc (NYSE: ACHR) recommending Buy. A report published by H.C. Wainwright on September 03, 2024, Initiated its previous ‘Buy’ rating for ACHR. Canaccord Genuity also rated ACHR shares as ‘Buy’, setting a target price of $9 on the company’s shares in an initiating report dated June 09, 2023. Raymond James Initiated an Outperform rating on July 27, 2022, and assigned a price target of $8. JP Morgan initiated its ‘Overweight’ rating for ACHR, as published in its report on April 28, 2022. Deutsche Bank’s report from April 11, 2022 suggests a price prediction of $10 for ACHR shares, giving the stock a ‘Buy’ rating. Cantor Fitzgerald also rated the stock as ‘Overweight’.
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Analysis of Archer Aviation Inc (ACHR)
Archer Aviation Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -107.62% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 6.03, 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.
The average volume for any stock is also a very valuable indicator of volatility, and ACHR has an average volume of 22.31M. On a monthly basis, the volatility of the stock is set at 14.63%, whereas on a weekly basis, it is put at 19.47%, with a loss of -13.48% over the past seven days. Furthermore, long-term investors anticipate a median target price of $9.61, showing growth from the present price of $8.28, 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 analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 36.92%. 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 34.46% 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 34.46% at present.
