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Saturday, December 9, 2023

Today, Archer Aviation Inc (NYSE: ACHR) Takes Center Stage

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Archer Aviation Inc (ACHR) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.01, or -0.19%, to $5.12. The Archer Aviation Inc has recorded 158,864 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Archer Achieves Key Flight Test Program Milestone As Midnight Takes Flight.

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Stocks Info

The company is listed on the NYSE and operates within the Aerospace & Defense industry segment. At the end of the last regular session, the stock closed at $5.13 and fluctuated between $5.20 as its day high and $4.88 as its day low. The current market capitalization of Archer Aviation Inc is $1.31B. A total of 6.31 million shares were traded on the day, compared to an average of 8.37M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, ACHR has seen 8 BUY and 18 SELL insider trades, representing the acquisition of 277,349 and the disposition of 220,367 shares. Over the last 12 months, there were 66 BUYs and 73 SELLs from insiders. Insiders purchased 13,215,748 shares during that period but sold 8,613,591.

In the most recent transaction, Stellantis N.V. bought 12,313,234 shares of ACHR for 5.68 per share on Oct 16. After the transaction, the 10% Owner now owns 31,048,137 company shares. In a previous transaction on Aug 21, Muniz Thomas Paul sold 85,000 shares at 7.20 per share. ACHR shares that Chief Operating Officer owns now total 1,173,102.

Among the insiders who sold shares, MISSAN ANDY disposed of 12,500 shares on Aug 18 at a per-share price of $6.21. This resulted in the Chief Legal Off. & Secretary holding 251,384 shares of ACHR after the transaction. In another insider transaction, Muniz Thomas Paul sold 125,000 shares at $4.50 per share on Jun 29. Company shares held by the Chief Operating Officer now total 1,245,333.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for ACHR in the last 3 months, the mean price target is $9.83 with high estimates of $12.00 and low estimates of $7.00. In terms of 52-week highs and lows, ACHR has a high of $7.49 and a low of $1.62.

As of this writing, ACHR has an earnings estimate of -$0.3 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.3 per share and a lower estimate of -$0.31. The company reported an EPS of -$0.33 in the last quarter, which was -6.50% lower than expectations of -$0.31.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ACHR’s latest balance sheet shows that the firm has $746.90M in Cash & Short Term Investments as of fiscal 2021. There were $23.10M in debt and $28.30M in liabilities at the time. Its Book Value Per Share was $1.10, while its Total Shareholder’s Equity was $698.90M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ACHR is Buy with a score of 4.57.

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