ACHR Stock Summary and Trading Ideas (Archer Aviation Class A | NYSE:ACHR)

Archer Aviation Inc advances the benefits of sustainable air mobility. The company is engaged in designing and developing a fully electric vertical takeoff and landing eVTOL aircraft for use in UAM networks. It is creating an electric airline that moves people throughout cities in a quick, safe, sustainable, and cost-effective manner.

Archer Aviation Class A trades on the NYSE stock market under the symbol ACHR.

As of November 8, 2024, ACHR stock price climbed to $3.89 with 40,193,800 million shares trading.

ACHR has a beta of 2.83, meaning it tends to be more sensitive to market movements. ACHR has a correlation of 0.31 to the broad based SPY ETF.

ACHR has a market cap of $1.38 billion. This is considered a Small Cap stock.

In the last 3 years, ACHR traded as high as $7.81 and as low as $1.62.

The top ETF exchange traded funds that ACHR belongs to (by Net Assets): ARKK, VTI, XAR, IWM, ARKQ.

ACHR has underperformed the market in the last year with a return of -25.3%, while the SPY ETF gained +38.4%. In the last 3 month period, ACHR fell short of the market, returning -2.5%, while SPY returned +13.1%. However, in the most recent 2 weeks ACHR has outperformed the stock market by returning +25.5%, while SPY returned +3.3%.

ACHR support price is $3.34 and resistance is $3.66 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ACHR shares will trade within this expected range on the day.