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 April 18, 2024, ACHR stock price was flat at $3.78 with 4,146,689 million shares trading.

ACHR has a beta of 2.91, meaning it tends to be more sensitive to market movements. ACHR has a correlation of 0.16 to the broad based SPY ETF.

ACHR has a market cap of $1.14 billion. This is considered a Small Cap stock.

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

ACHR has outperformed the market in the last year with a return of +86.2%, while the SPY ETF gained +22.3%. However, in the most recent history, ACHR shares have underperformed the stock market with its stock returning -25.0% in the last 3 month period and -14.3% for the last 2 week period, while SPY has returned +6.1% and -3.8%, respectively.

ACHR support price is $3.66 and resistance is $3.91 (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 stock will trade within this expected range on the day.