With 23.51 million shares changed hands, the volume of the stock remained lighter than its average volume of 37.42 million shares. The 52-week range on ACHR shows that it touched its highest point at $12.48 and its lowest point at $2.82 during that stretch. It currently has a 1-year price target of $11.39. Beta for the stock currently stands at 3.18.
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 down-trending over the past week, with a drop of -14.66%, but this was down by -24.50% over a month. Three-month performance dropped to -11.10% while six-month performance rose 119.68%. The stock gained 58.74% in the past year, while it has lost -30.15% so far this year. A look at the trailing 12-month EPS for ACHR yields -1.43 with Next year EPS estimates of -0.91. For the next quarter, that number is -0.27. This implies an EPS growth rate of 26.86% for this year and 12.28% for next year. EPS is expected to grow by 15.87% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -60.86%.
Float and Shares Shorts:
At present, 503.78 million ACHR shares are outstanding with a float of 395.11 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.95236 being high and -$1.49997 being low. For ACHR, this leads to a yearly average estimate of -$1.23807. Based on analyst estimates, the high estimate for the next quarter is -$0.2 and the low estimate is -$0.21. The average estimate for the next quarter is thus -$0.21.
