Blue Apron Holdings Inc. [NYSE: APRN] slipped around -0.56 points on Thursday, while shares priced at $5.05 at the close of the session, down -9.98%. The company report on September 15, 2021 that Blue Apron Announces Planned $78 Million in Equity Capital Raise, Including a $45 Million Fully Backstopped Rights Offering and Sale of Additional Shares of Class A Common Stock and Warrants for $33 Million.
Effective Purchase Price Equal to $10.00 for One Share of Class A Common Stock Plus Associated Warrants.
Proceeds Expected to Fund Growth Strategy, ESG Framework, and Employee Benefits.
Blue Apron Holdings Inc. stock is now -9.66% down from its year-to-date (YTD) trading value. APRN Stock saw the intraday high of $5.54 and lowest of $4.73 per share. The company’s 52-week high price is 12.35, which means current price is +43.47% above from all time high which was touched on 01/27/21.
Compared to the average trading volume of 1.36M shares, APRN reached a trading volume of 7243480 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Blue Apron Holdings Inc. [APRN]?
Canaccord Genuity have made an estimate for Blue Apron Holdings Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 30, 2020. The new note on the price target was released on November 15, 2018, representing the official price target for Blue Apron Holdings Inc. stock. Previously, the target price had yet another drop from $6 to $3, while Canaccord Genuity kept a Hold rating on APRN stock. On May 04, 2018, analysts decreased their price target for APRN shares from 4 to 3.50.
The Average True Range (ATR) for Blue Apron Holdings Inc. is set at 0.43, with the Price to Sales ratio for APRN stock in the period of the last 12 months amounting to 0.26. The Price to Book ratio for the last quarter was 2.54, with the Price to Cash per share for the same quarter was set at 2.07.
How has APRN stock performed recently?
Blue Apron Holdings Inc. [APRN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 23.77. With this latest performance, APRN shares gained by 29.16% in over the last four-week period, additionally sinking by -34.42% over the last 6 months – not to mention a drop of -28.37% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for APRN stock in for the last two-week period is set at 61.76, with the RSI for the last a single of trading hit 64.05, and the three-weeks RSI is set at 59.20 for Blue Apron Holdings Inc. [APRN]. The present Moving Average for the last 50 days of trading for this stock 4.10, while it was recorded at 4.48 for the last single week of trading, and 6.04 for the last 200 days.
Blue Apron Holdings Inc. [APRN]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Blue Apron Holdings Inc. [APRN] shares currently have an operating margin of -7.37 and a Gross Margin at +33.26. Blue Apron Holdings Inc.’s Net Margin is presently recorded at -10.02.
Return on Total Capital for APRN is now -20.86, given the latest momentum, and Return on Invested Capital for the company is -28.67. Return on Equity for this stock declined to -69.94, with Return on Assets sitting at -19.17. When it comes to the capital structure of this company, Blue Apron Holdings Inc. [APRN] has a Total Debt to Total Equity ratio set at 106.74. Additionally, APRN Total Debt to Total Capital is recorded at 51.63, with Total Debt to Total Assets ending up at 31.71. Long-Term Debt to Equity for the company is recorded at 101.18, with the Long-Term Debt to Total Capital now at 48.94.
Reflecting on the efficiency of the workforce at the company, Blue Apron Holdings Inc. [APRN] managed to generate an average of -$22,569 per employee. Receivables Turnover for the company is 79.32 with a Total Asset Turnover recorded at a value of 1.91.Blue Apron Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.20.
Insider trade positions for Blue Apron Holdings Inc. [APRN]
There are presently around $33 million, or 31.50% of APRN stock, in the hands of institutional investors. The top three institutional holders of APRN stocks are: RIVER & MERCANTILE ASSET MANAGEMENT LLP with ownership of 875,623, which is approximately 70.271% of the company’s market cap and around 10.70% of the total institutional ownership; VANGUARD GROUP INC, holding 735,337 shares of the stock with an approximate value of $3.71 million in APRN stocks shares; and AWM INVESTMENT COMPANY, INC., currently with $3.16 million in APRN stock with ownership of nearly New of the company’s market capitalization.
Positions in Blue Apron Holdings Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 35 institutional holders increased their position in Blue Apron Holdings Inc. [NYSE:APRN] by around 3,434,840 shares. Additionally, 35 investors decreased positions by around 1,943,057 shares, while 13 investors held positions by with 1,083,028 shares. The mentioned changes placed institutional holdings at 6,460,925 shares, according to the latest SEC report filing. APRN stock had 19 new institutional investments in for a total of 2,302,533 shares, while 20 institutional investors sold positions of 1,142,251 shares during the same period.