Archer Aviation Inc. (NYSE:ACHR) traded at $4.20 at close of the session on Monday, 01/10/22, made a downward move of -9.48% on its previous day’s price.
Looking at the stock we see that its previous close was $4.64 with the day’s price range being $4.15 – $4.57. In terms of its 52-week price range, ACHR has a high of $18.60 and a low of $4.52. The company’s stock has lost about -40.26% over that past 30 days.
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Archer Aviation Inc. has a market cap of $1.08 billion and is expected to release its quarterly earnings report on Mar 07, 2022 – Mar 11, 2022. Estimates by analysts give the company expected earnings per share (EPS) of -$0.37, with the EPS growth for the year raised at -$1.52 for 2021 and -$1.97 for next year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the ACHR stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -34.08% off its SMA20 and -32.91% from its 50-day simple moving average. The RSI (14) is pointing at 25.89 while the volatility over the past week is 10.00% and jumps to 8.27% over the past one month.
Coming back to Archer Aviation Inc. (NYSE:ACHR), we note that the average 3-month trading volume was 2.30 million, while that of the preceding 10-day period stands at 2.41 million. Current shares outstanding are 236.89 million.
The insiders hold 18.30% of the company’s shares while institutions hold 24.30%. The data shows that short shares as of Dec 14, 2021, stood at 3.35 million at a short ratio of 1.76. This represents a 1.41% short interest in shares outstanding on Dec 14, 2021. Shares short rose in December from the previous month at 2.44 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -30.46% down in year-to-date price movement.