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Archer Aviation Inc. (ACHR) Increases Despite Market Slip: Here's What You Need to Know
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Archer Aviation Inc. (ACHR - Free Report) ended the recent trading session at $5.22, demonstrating a +0.38% swing from the preceding day's closing price. This move outpaced the S&P 500's daily loss of 0.01%. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq decreased by 0.25%.
Coming into today, shares of the company had lost 17.07% in the past month. In that same time, the Aerospace sector gained 0.14%, while the S&P 500 lost 1.6%.
Analysts and investors alike will be keeping a close eye on the performance of Archer Aviation Inc. in its upcoming earnings disclosure. In that report, analysts expect Archer Aviation Inc. to post earnings of -$0.30 per share. This would mark a year-over-year decline of 11.11%.
It's also important for investors to be aware of any recent modifications to analyst estimates for Archer Aviation Inc. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Currently, Archer Aviation Inc. is carrying a Zacks Rank of #2 (Buy).
The Aerospace - Defense industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 80, positioning it in the top 32% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Archer Aviation Inc. (ACHR) Increases Despite Market Slip: Here's What You Need to Know
Archer Aviation Inc. (ACHR - Free Report) ended the recent trading session at $5.22, demonstrating a +0.38% swing from the preceding day's closing price. This move outpaced the S&P 500's daily loss of 0.01%. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq decreased by 0.25%.
Coming into today, shares of the company had lost 17.07% in the past month. In that same time, the Aerospace sector gained 0.14%, while the S&P 500 lost 1.6%.
Analysts and investors alike will be keeping a close eye on the performance of Archer Aviation Inc. in its upcoming earnings disclosure. In that report, analysts expect Archer Aviation Inc. to post earnings of -$0.30 per share. This would mark a year-over-year decline of 11.11%.
It's also important for investors to be aware of any recent modifications to analyst estimates for Archer Aviation Inc. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Currently, Archer Aviation Inc. is carrying a Zacks Rank of #2 (Buy).
The Aerospace - Defense industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 80, positioning it in the top 32% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.