With 39.38 million shares changed hands, the volume of the stock remained heavier than its average volume of 16.66 million shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $7.619 whereas the lowest price it dropped to was $6.82. The 52-week range on ACHR shows that it touched its highest point at $7.90 and its lowest point at $2.82 during that stretch. It currently has a 1-year price target of $9.28. Beta for the stock currently stands at 2.79.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ACHR was up-trending over the past week, with a rise of 40.74%, but this was up by 111.73% over a month. Three-month performance surged to 102.81% while six-month performance rose 139.87%. The stock gained 21.75% in the past year, while it has gained 17.59% so far this year. A look at the trailing 12-month EPS for ACHR yields -1.33 with Next year EPS estimates of -0.94. For the next quarter, that number is -0.31. This implies an EPS growth rate of 27.56% for this year and 23.36% for next year.
Float and Shares Shorts:
At present, 425.27 million ACHR shares are outstanding with a float of 268.27 million shares on hand for trading. On 2024-11-15, short shares totaled 76.61 million, which was 1780.9999 higher than short shares on 1728950400. In addition to Mr. Adam D. Goldstein as the firm’s Founder, CEO & Director, Mr. Thomas Paul Muniz serves as its Chief Technology Officer.
Institutional Ownership:
Through their ownership of 0.37647 of ACHR’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, ACHR reported revenue of $0.0 and operating income of -$122100000.0. The EBITDA in the recently reported quarter was -$118800000.0 and diluted EPS was -$0.29.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ACHR since 4 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ACHR analysts setting a high price target of 12.5 and a low target of 4.5, the average target price over the next 12 months is 9.27778. Based on these targets, ACHR could surge 73.13% to reach the target high and fall by -37.67% to reach the target low. Reaching the average price target will result in a growth of 28.5% from current levels.
Analysts have provided yearly estimates in a range of -$1.11417 being high and -$1.33425 being low. For ACHR, this leads to a yearly average estimate of -$1.22421. The surprise factor in the prior quarter was -$0.29. Based on analyst estimates, the high estimate for the next quarter is -$0.22 and the low estimate is -$0.22. The average estimate for the next quarter is thus -$0.22.
