Blog Archives
EV & ute changes
Saw a news. Seems like it still need them all to vote and go through revisions, so too early to tell.
Other countries have an isolated EV rebate. Here it ties higher pollution vehicles like utes to EVs. It might’ve created a conflict between more suburb/farm/tradie ute drivers vs city EV drivers. Separating the two fee/rebate sounds safer to get support.
December they plan to remove that ute fee, remove the EV rebate, while focus on adding EV charging stations. With all these changes, it’s unclear if the aggregate will cost less or more, and how it affects EV adoption rate.
Inflation in high cost of living is another issue. Where the future parties might reduce vehicle subsidies to focus on cost cutting & reduce inflation, which would help more people than the two vehicle types.
Archer
Garcher? No not about him today. Thinking of writing random notes about companies, just for me, or entertainment, or totally not advice, whichever.
ACHR Archer aviation
Aerospace industry
They make EV planes. They always spawn more acronyms like evtol but EV they are.
Stock began in 2020, crashed like every spac/IPO, on its recovery since December 22′ or April 23′. Unsure which month is the recovery start. Or is it based on answering the question can one identify a recovery during that Dec month?
Their earnings beat more than misses.
Next earning on Aug 10.
Negative and falling earnings per quarter. Good side is it is stablizing for now.
Net income is consistently growing negatively. It differs from the earnings, unsure why as Investopedia says they’re the same thing.
0 sales for all time!?
9mil volume with 1.3bil marketcap is ok tradable or investable.
114mil short float rather few? Guess this means stock can quickly run out of short shares. Not sure if that leads to a rising stock, or generally less selling pressure.
13% short, surprisingly at ATH. The $72mil short value brings more perspective vs the small daily volume.
3.5 days to cover. Is that like most traders close their shorts under 4 days? What about longs how many days is their average trade? Edit, On another look, sounds like if all shorts were to cover (and no owners sell during this timeframe), it is the days needed to fully close all shorts, based on the trading volume. Since there are normal buy/sells, the actual days would be realistically longer than the 3.5 days. The more days needed, the more popular a stock is shorted, and also more likely short squeeze. ACHR range from 1.5~9 days, so 3.5 is on the low end.
0.42% borrow fee, very low.
247mil outstanding shares. So shorts have smaller, but can have some sizable influence.
Stock did a 42% spike up recently. Market’s on sell side now, so a meh earnings report might kick it down. But investors are liking unprofitable companies this year so hard to figure.
gophercg.log 