Blue Apron Holdings Inc. [NYSE: APRN] loss -1.58% on the last trading session, reaching $5.61 price per share at the time. The company report on August 30, 2022 that Blue Apron Announces Amendments to Senior Secured Notes.
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Amendments Provide Company with Greater Financial Flexibility to Execute Against “The Next Course” Strategic Plan.
Blue Apron (NYSE: APRN) announced today that the company has amended the terms of its $30.0 million of Senior Secured Notes due in 2027 (the “Notes”).
Blue Apron Holdings Inc. represents 34.07 million in outstanding shares, while the company has a total market value of $173.29 million with the latest information. APRN stock price has been found in the range of $5.49 to $6.30.
If compared to the average trading volume of 4.89M shares, APRN reached a trading volume of 6998358 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Blue Apron Holdings Inc. [APRN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for APRN shares is $9.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on APRN stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Lake Street have made an estimate for Blue Apron Holdings Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 10, 2022. While these analysts kept the previous recommendation, The Benchmark Company raised their target price to Buy. The new note on the price target was released on July 21, 2022, representing the official price target for Blue Apron Holdings Inc. stock. Previously, the target price had yet another raise to $18, while Canaccord Genuity analysts kept a Buy rating on APRN stock.
The Average True Range (ATR) for Blue Apron Holdings Inc. is set at 0.84, with the Price to Sales ratio for APRN stock in the period of the last 12 months amounting to 0.38. The Price to Book ratio for the last quarter was 3.64, with the Price to Cash per share for the same quarter was set at 1.75.
Trading performance analysis for APRN stock
Blue Apron Holdings Inc. [APRN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.75. With this latest performance, APRN shares gained by 88.26% in over the last four-week period, additionally plugging by 28.38% over the last 6 months – not to mention a rise of 28.38% 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 56.89, with the RSI for the last a single of trading hit 55.05, and the three-weeks RSI is set at 57.33 for Blue Apron Holdings Inc. [APRN]. The present Moving Average for the last 50 days of trading for this stock 4.21, while it was recorded at 5.64 for the last single week of trading, and 5.24 for the last 200 days.
Blue Apron Holdings Inc. [APRN]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Blue Apron Holdings Inc. [APRN] shares currently have an operating margin of -15.12 and a Gross Margin at +31.13. Blue Apron Holdings Inc.’s Net Margin is presently recorded at -18.79.
Return on Equity for this stock declined to -122.73, with Return on Assets sitting at -39.54.
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.
An analysis of insider ownership at Blue Apron Holdings Inc. [APRN]
There are presently around $50 million, or 25.80% of APRN stock, in the hands of institutional investors. The top three institutional holders of APRN stocks are: WOLF HILL CAPITAL MANAGEMENT, LP with ownership of 2,257,459, which is approximately -28.773% of the company’s market cap and around 1.90% of the total institutional ownership; VANGUARD GROUP INC, holding 911,886 shares of the stock with an approximate value of $5.12 million in APRN stocks shares; and WEXFORD CAPITAL LP, currently with $3.43 million in APRN stock with ownership of nearly 14.152% 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 40 institutional holders increased their position in Blue Apron Holdings Inc. [NYSE:APRN] by around 1,613,081 shares. Additionally, 40 investors decreased positions by around 4,175,129 shares, while 14 investors held positions by with 3,100,478 shares. The mentioned changes placed institutional holdings at 8,888,688 shares, according to the latest SEC report filing. APRN stock had 18 new institutional investments in for a total of 481,190 shares, while 26 institutional investors sold positions of 1,845,363 shares during the same period.