Archer Aviation ( (ACHR) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Archer Aviation’s stock has seen significant volatility following the company’s decision to double its share count, resulting in an 11% drop in stock price. Despite this decline, Canaccord has raised the price target to $14, driven by a transformative shift in energy investment due to increased demand for green energy supporting AI technologies. On the other hand, JPMorgan downgraded the stock to Neutral, expressing concerns that the stock is priced as if type certification has already been achieved, and highlighting potential market volatility due to broader economic and political conditions.
More about Archer Aviation
YTD Price Performance: 9.51%
Average Trading Volume: 35,231,674
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.46B
For further insights into ACHR stock on TipRanks’ Stock Analysis page.
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