AppHarvest Inc. [NASDAQ: APPH] traded at a high on 02/23/23, posting a 10.23 gain after which it closed the day’ session at $1.07. The company report on February 21, 2023 that AppHarvest sets fourth quarter 2022 and full-year 2022 earnings call on March 9, 2023.
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The conference call will be streamed over the internet and accessible through the “Investor Relations” section of the AppHarvest website at https://investors.appharvest.com. To join the live call, please register here for the dial-in number and a personal PIN code. An audio-only replay of the webcast will be available on the company’s website approximately 90 minutes after the end of the conference call for 30 days.
The results of the trading session contributed to over 3810234 shares changing hands. Over the past one week, the price volatility of AppHarvest Inc. stands at 9.33% while the volatility over the past one month is 13.63%.
The market cap for APPH stock reached $170.83 million, with 147.28 million shares outstanding and 121.75 million shares in the current float. Compared to the average trading volume of 3.84M shares, APPH reached a trading volume of 3810234 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about AppHarvest Inc. [APPH]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for APPH shares is $5.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on APPH stock is a recommendation set at 2.70. 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.
Oppenheimer have made an estimate for AppHarvest Inc. shares, keeping their opinion on the stock as Perform, with their previous recommendation back on December 02, 2022. The new note on the price target was released on November 08, 2022, representing the official price target for AppHarvest Inc. stock. Previously, the target price had yet another raise to $10, while Oppenheimer analysts kept a Outperform rating on APPH stock.
The Average True Range (ATR) for AppHarvest Inc. is set at 0.21, with the Price to Sales ratio for APPH stock in the period of the last 12 months amounting to 13.04. The Price to Book ratio for the last quarter was 0.33, with the Price to Cash per share for the same quarter was set at 0.23.
How has APPH stock performed recently?
AppHarvest Inc. [APPH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.72. With this latest performance, APPH shares dropped by -43.39% in over the last four-week period, additionally sinking by -65.59% over the last 6 months – not to mention a drop of -64.45% 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 APPH stock in for the last two-week period is set at 42.17, with the RSI for the last a single of trading hit 39.61, and the three-weeks RSI is set at 44.35 for AppHarvest Inc. [APPH]. The present Moving Average for the last 50 days of trading for this stock 1.2593, while it was recorded at 0.9504 for the last single week of trading, and 2.2891 for the last 200 days.
AppHarvest Inc. [APPH]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and AppHarvest Inc. [APPH] shares currently have an operating margin of -1373.17 and a Gross Margin at -482.67. AppHarvest Inc.’s Net Margin is presently recorded at -1836.31.
Return on Equity for this stock declined to -71.00, with Return on Assets sitting at -50.78.
AppHarvest Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 2.30.
Insider trade positions for AppHarvest Inc. [APPH]
There are presently around $36 million, or 38.20% of APPH stock, in the hands of institutional investors. The top three institutional holders of APPH stocks are: BNP PARIBAS ASSET MANAGEMENT HOLDING S.A. with ownership of 8,220,863, which is approximately 20.919% of the company’s market cap and around 0.60% of the total institutional ownership; BLACKROCK INC., holding 4,800,896 shares of the stock with an approximate value of $5.14 million in APPH stocks shares; and VANGUARD GROUP INC, currently with $3.91 million in APPH stock with ownership of nearly 1.339% of the company’s market capitalization.
Positions in AppHarvest Inc. stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 72 institutional holders increased their position in AppHarvest Inc. [NASDAQ:APPH] by around 7,714,224 shares. Additionally, 79 investors decreased positions by around 12,589,558 shares, while 27 investors held positions by with 13,210,801 shares. The mentioned changes placed institutional holdings at 33,514,583 shares, according to the latest SEC report filing. APPH stock had 31 new institutional investments in for a total of 3,070,726 shares, while 37 institutional investors sold positions of 4,683,949 shares during the same period.