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Archer Aviation Inc. (ACHR) Laps the Stock Market: Here's Why
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The latest trading session saw Archer Aviation Inc. (ACHR - Free Report) ending at $5.17, denoting a +1.77% adjustment from its last day's close. This change outpaced the S&P 500's 0.63% gain on the day. On the other hand, the Dow registered a gain of 0.59%, and the technology-centric Nasdaq increased by 0.39%.
Coming into today, shares of the company had lost 25.4% in the past month. In that same time, the Aerospace sector lost 7.32%, while the S&P 500 lost 3.39%.
Analysts and investors alike will be keeping a close eye on the performance of Archer Aviation Inc. in its upcoming earnings disclosure. The company's upcoming EPS is projected at -$0.30, signifying a 11.11% drop compared to the same quarter of the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Archer Aviation Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Archer Aviation Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 105, putting it in the top 42% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Archer Aviation Inc. (ACHR) Laps the Stock Market: Here's Why
The latest trading session saw Archer Aviation Inc. (ACHR - Free Report) ending at $5.17, denoting a +1.77% adjustment from its last day's close. This change outpaced the S&P 500's 0.63% gain on the day. On the other hand, the Dow registered a gain of 0.59%, and the technology-centric Nasdaq increased by 0.39%.
Coming into today, shares of the company had lost 25.4% in the past month. In that same time, the Aerospace sector lost 7.32%, while the S&P 500 lost 3.39%.
Analysts and investors alike will be keeping a close eye on the performance of Archer Aviation Inc. in its upcoming earnings disclosure. The company's upcoming EPS is projected at -$0.30, signifying a 11.11% drop compared to the same quarter of the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Archer Aviation Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Archer Aviation Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 105, putting it in the top 42% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.