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Archer Aviation Inc. (ACHR) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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In the latest market close, Archer Aviation Inc. (ACHR - Free Report) reached $8.28, with a -0.96% movement compared to the previous day. This change lagged the S&P 500's daily loss of 0.22%. At the same time, the Dow lost 0.03%, and the tech-heavy Nasdaq lost 0.33%.
The company's shares have seen a decrease of 16.9% over the last month, not keeping up with the Aerospace sector's gain of 3.72% and the S&P 500's loss of 7.48%.
The investment community will be paying close attention to the earnings performance of Archer Aviation Inc. in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.21, reflecting an 8.7% increase from the same quarter last year.
Investors should also take note of any recent adjustments to analyst estimates for Archer Aviation Inc. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 7.58% fall in the Zacks Consensus EPS estimate. Archer Aviation Inc. presently features a Zacks Rank of #3 (Hold).
The Aerospace - Defense industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 135, positioning it in the bottom 47% 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.
To follow ACHR in the coming trading sessions, be sure to utilize Zacks.com.
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Archer Aviation Inc. (ACHR) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest market close, Archer Aviation Inc. (ACHR - Free Report) reached $8.28, with a -0.96% movement compared to the previous day. This change lagged the S&P 500's daily loss of 0.22%. At the same time, the Dow lost 0.03%, and the tech-heavy Nasdaq lost 0.33%.
The company's shares have seen a decrease of 16.9% over the last month, not keeping up with the Aerospace sector's gain of 3.72% and the S&P 500's loss of 7.48%.
The investment community will be paying close attention to the earnings performance of Archer Aviation Inc. in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.21, reflecting an 8.7% increase from the same quarter last year.
Investors should also take note of any recent adjustments to analyst estimates for Archer Aviation Inc. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 7.58% fall in the Zacks Consensus EPS estimate. Archer Aviation Inc. presently features a Zacks Rank of #3 (Hold).
The Aerospace - Defense industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 135, positioning it in the bottom 47% 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.
To follow ACHR in the coming trading sessions, be sure to utilize Zacks.com.