Blue Apron Holdings Inc. [NYSE: APRN] traded at a high on 03/16/23, posting a 5.95 gain after which it closed the day’ session at $0.80. The company report on March 16, 2023 that Blue Apron Holdings, Inc. Reports Fourth Quarter and Full Year 2022 Results.
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Announces Amendment to Accelerate Debt Pay Down, Reduces Liquidity Covenant;Sees Significant Reduction in Cash Burn as of End of February 2023.
Blue Apron (NYSE: APRN) today announced financial results for the fourth quarter (4Q22) and full year (FY22) ended December 31, 2022.
The results of the trading session contributed to over 2958022 shares changing hands. Over the past one week, the price volatility of Blue Apron Holdings Inc. stands at 13.51% while the volatility over the past one month is 10.03%.
The market cap for APRN stock reached $32.23 million, with 34.85 million shares outstanding and 12.93 million shares in the current float. Compared to the average trading volume of 7.83M shares, APRN reached a trading volume of 2958022 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]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for APRN shares is $4.00 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 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.
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 0.11, with the Price to Sales ratio for APRN stock in the period of the last 12 months amounting to 0.07. The Price to Book ratio for the last quarter was 0.99, with the Price to Cash per share for the same quarter was set at 0.77.
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 4.60. With this latest performance, APRN shares dropped by -23.81% in over the last four-week period, additionally sinking by -86.93% over the last 6 months – not to mention a drop of -82.02% 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 43.39, with the RSI for the last a single of trading hit 43.72, and the three-weeks RSI is set at 43.88 for Blue Apron Holdings Inc. [APRN]. The present Moving Average for the last 50 days of trading for this stock 0.9534, while it was recorded at 0.7564 for the last single week of trading, and 2.5535 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 -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 0.60 and a Current Ratio set at 1.00.
Insider trade positions for Blue Apron Holdings Inc. [APRN]
There are presently around $5 million, or 13.80% of APRN stock, in the hands of institutional investors. The top three institutional holders of APRN stocks are: INNOVIS ASSET MANAGEMENT LLC with ownership of 718,347, which is approximately New of the company’s market cap and around 1.00% of the total institutional ownership; VANGUARD GROUP INC, holding 605,422 shares of the stock with an approximate value of $0.48 million in APRN stocks shares; and CITADEL ADVISORS LLC, currently with $0.45 million in APRN stock with ownership of nearly 358.714% of the company’s market capitalization.
Positions in Blue Apron Holdings Inc. stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 34 institutional holders increased their position in Blue Apron Holdings Inc. [NYSE:APRN] by around 3,465,802 shares. Additionally, 29 investors decreased positions by around 2,868,338 shares, while 14 investors held positions by with 233,782 shares. The mentioned changes placed institutional holdings at 6,567,922 shares, according to the latest SEC report filing. APRN stock had 18 new institutional investments in for a total of 2,251,197 shares, while 15 institutional investors sold positions of 2,525,750 shares during the same period.