In the latest trading session, Archer Aviation, Inc. (ACHR) closed at $4.41, marking a +1.85% move from previous day. The stock outperformed the S&P 500 index, posting a daily gain of 0.11%. Elsewhere, the Dow Jones Industrial Average fell 0.11%, while the tech-heavy Nasdaq rose 0.23%.
The company’s shares have gained 2.85% over the past month, outpacing the Aerospace sector’s 2.55% rise and the S&P 500’s 1.5% rise.
Investors will be keeping an eye on Archer Aviation’s performance in its upcoming earnings release. His EPS for the company is expected to be -$0.29, representing 19.44% growth compared to the same period last year.
Investors may also notice recent changes to analyst estimates for Archer Aviation. These revisions help illustrate the ever-changing nature of short-term business trends. As such, positive estimate revisions indicate analyst confidence in the company’s business performance and earnings potential.
Our research reveals that these estimate changes are directly correlated to near-term stock price performance. To benefit from this, we have created the Zacks Rank, a proprietary model that combines these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), has a remarkable, third-party-audited track record of outperformance, with #1 rated stocks having an average annual Generates a return of +25%. Over the past 30 days, our consensus EPS forecast has remained stagnant. Archer Aviation Inc. currently has a Zacks Rank of #3 (Hold).
The aerospace and defense industry is part of the aerospace sector. This industry currently has a Zacks Industry Rank of 96, putting it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.
Don’t forget to track all of these stock price movement metrics and more with Zacks.com in the coming trading sessions.
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Archer Aviation Inc. (ACHR): Free Stock Analysis Report
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