Why did AppHarvest stock fall another 25% in July?
AppHarvest ( NASDAQ:APPH) stock's gradual decline continued in July following a hot special purpose acquisition company (SPAC) IPO earlier this year. Shares of the agricultural tech start-up fell another 25.5% last month.
Is AppHarvest a good stock to buy?
49.02% of the stock of AppHarvest is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Earnings for AppHarvest are expected to grow in the coming year, from ($1.17) to ($1.03) per share. Is AppHarvest a buy right now?
Is AppHarvest still in development mode?
However, AppHarvest is still in development mode. It has a facility in Kentucky up-and-running and is working on getting a total of five operating by the end of this year. By 2025, it expects to add seven more and expand on its current focus, tomatoes, to include leafy greens and strawberries.
Why is AppHarvest predicting a terrible second half?
Adjusted EBITDA expectations were lowered to -$70 to -$75 million from -$48 to -$52 million previously. Considering that AppHarvest sold $3.1 million in product this quarter and $2.3 million last quarter, AppHarvest is predicting a terrible second half of the year.
Why is AppHarvest stock so low?
Indoor farming company AppHarvest pre-announced fourth-quarter and year-end results, with strong revenue expected but also a massive loss due to a $60 million goodwill charge. AppHarvest is writing off much of the value of a company it bought last year.
Is AppHarvest a good buy now?
AppHarvest has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Will Apph stock go up?
AppHarvest Inc (NASDAQ:APPH) The 3 analysts offering 12-month price forecasts for AppHarvest Inc have a median target of 6.00, with a high estimate of 9.00 and a low estimate of 5.50. The median estimate represents a +71.43% increase from the last price of 3.50.
What is the future of AppHarvest?
AppHarvest production is expected to increase in 2022 as the company is on track to quadruple its number of farms by the end of the year and to provide a diverse produce portfolio that includes salad greens and berries. The 15-acre Berea, Ky., salad green facility is approximately 68% complete.
Should I sell Apph?
The consensus among 1 Wall Street analyst covering (NASDAQ: APPH) stock is to Buy APPH stock.
Where is AppHarvest located?
Morehead, Ky.About AppHarvest The Company's 60-acre Morehead, Ky. facility is among the largest controlled environment agriculture facilities in the U.S. For more information, visit https://www.appharvest.com/.
How do I buy stock in AppHarvest?
How to buy shares in AppharvestCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. ... Research the stock. ... Purchase now or later. ... Check in on your investment.
Where are AppHarvest tomatoes sold?
Agri-tech startup AppHarvest's beefsteak tomatoes are now available in select national retailers including Kroger, Publix, Walmart, Food City and Meijer. Grown in a 60-acre indoor farm in Morehead, this is the first-ever produce to be publicly available from the AgTech company.
What crops does AppHarvest grow?
Control ag company AppHarvest is adding more of both crop types and technologies to its budding greenhouse network, according to the company's Q1 2021 earnings call this week. That includes strawberries, leafy greens, harvesting bots, and lots of data.
Should I buy or sell AppHarvest stock right now?
3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AppHarvest in the last year. There are currently 3 buy r...
What is AppHarvest's stock price forecast for 2022?
3 equities research analysts have issued twelve-month price objectives for AppHarvest's shares. Their forecasts range from $5.50 to $14.00. On aver...
How has AppHarvest's stock performed in 2022?
AppHarvest's stock was trading at $3.89 at the beginning of the year. Since then, APPH stock has decreased by 31.6% and is now trading at $2.66. V...
When is AppHarvest's next earnings date?
AppHarvest is scheduled to release its next quarterly earnings announcement on Wednesday, August 10th 2022. View our earnings forecast for AppHarv...
How were AppHarvest's earnings last quarter?
AppHarvest, Inc. (NASDAQ:APPH) posted its earnings results on Tuesday, May, 3rd. The company reported ($0.30) EPS for the quarter, missing analysts...
What guidance has AppHarvest issued on next quarter's earnings?
AppHarvest updated its FY 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share guidance of for the period. The compa...
Who are AppHarvest's key executives?
AppHarvest's management team includes the following people: Mr. Jonathan Webb , Founder, Chairman & CEO (Age 37, Pay $1.81M) Mr. David J. Lee ,...
Who are some of AppHarvest's key competitors?
Some companies that are related to AppHarvest include TerrAscend (TRSSF) , BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (LND) , L...
What is AppHarvest's stock symbol?
AppHarvest trades on the NASDAQ under the ticker symbol "APPH."
About AppHarvest
Headlines
AppHarvest, Inc., a development stage company, builds and operates high-tech greenhouses to grow fruits and vegetables in the United States. Its products include tomatoes and leafy greens. The company was founded in 2018 and is based in Morehead, Kentucky.
AppHarvest (NASDAQ:APPH) Frequently Asked Questions
AppHarvest shares are trading lower after the company reported preliminary FY2021 sales guidance. - Benzinga
AppHarvest unanimously appoints Kevin Willis to Board of Directors
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AppHarvest in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AppHarvest stock. View analyst ratings for AppHarvest or view top-rated stocks.
Garner Asset Management Corp Buys Verizon Communications Inc, Farmland Partners Inc, The RMR ..
Kevin Willis AppHarvest announced today the unanimous appointment of J. Kevin Willis as a director of the company, as chair of the board’s audit committee and as a member of the nominating and corporate governance committee, effective Feb. 19. MOREHEAD, Ky., Feb. 09, 2022 (GLOBE NEWSWIRE) -- AppHarvest, Inc.
AppHarvest announces preliminary FY 2021 net sales and Adjusted EBITDA at higher end of guidance as it marks first anniversary operating as public company
Investment company Garner Asset Management Corp (Current Portfolio) buys Verizon Communications Inc, Farmland Partners Inc, The RMR Group Inc, VMware Inc, Industrial Logistics Properties Trust, sells , National Grid PLC, Sylvamo Corp, Medtronic PLC, during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Garner Asset Management Corp..
Hall Private Wealth Advisors Buys Enviva Inc, Global Ship Lease Inc, McDonald's Corp, Sells ..
Three more high-tech indoor farms currently under constructionexpected to be operational by end of 2022, diversifying into berries, salad greens AppHarvest produce sold at 1,000 stores across six states Fourth quarter and full-year 2021 earnings call set for Feb. 24 MOREHEAD, Ky., Jan. 31, 2022 (GLOBE NEWSWIRE) -- AppHarvest, Inc.
The past year for AppHarvest (NASDAQ:APPH) investors has not been profitable
Investment company Hall Private Wealth Advisors (Current Portfolio) buys Enviva Inc, Global Ship Lease Inc, McDonald's Corp, McKesson Corp, Stem Inc, sells Exelon Corp, International Business Machines Corp, Southern Co, , AT&T Inc during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Hall Private Wealth Advisors..
APPHARVEST INC. SHAREHOLDER ALERT: Robbins LLP Investigates AppHarvest, Inc. (APPH) on Behalf of Shareholders
The art and science of stock market investing requires a tolerance for losing money on some of the shares you buy. But...
FINAL INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against AppHarvest, Inc. and Encourages Investors with Losses to Contact the Firm
SAN DIEGO & MOREHEAD, Ky., November 24, 2021--AppHarvest, Inc. (APPH) May Have Failed to Disclose Labor and Productivity Challenges to Investors
What happened
LOS ANGELES, November 23, 2021--FINAL INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against AppHarvest, Inc.
So what
Shares of agriculture tech start-up AppHarvest (NASDAQ: APPH) had fallen 29% as of 1:40 p.m. EDT. The reason lies within the company's second-quarter 2021 earnings update.
Now what
As a reminder, AppHarvest is still a start-up and isn't a full-blown farming operation -- at least not yet. The slashing of annual guidance isn't going to make or break the company because either way it's going to operate at a loss this year.
Key Points
To be fair, AppHarvest's new expectations are by design. The company wrapped up its growing season early so it can integrate new learnings into its operation and invest in new farms.
NASDAQ: APPH
Though a speculative bet at this point, AppHarvest continues to make progress on its development goals.
What happened
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
So what
AppHarvest ( APPH -5.94% ) stock's gradual decline continued in July following a hot special purpose acquisition company (SPAC) IPO earlier this year. Shares of the agricultural tech start-up fell another 25.5% last month. Shares were down nearly 67% from their debut following the SPAC merger in early February.
Now what
AppHarvest is a rare play on food and farming technology. It specializes in "controlled environment agriculture" -- basically, indoor farms that utilize technology to increase yields from fruits and vegetables by 30 times per acre, while using 90% less water than traditional farming methods.
Premium Investing Services
AppHarvest said during its first-quarter 2021 earnings update it expects to generate total sales of $20 million to $25 million this year and an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) loss of $48.0 million to $52.0 million.
Investment Thesis
Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.
What Sent The Stock Falling
AppHarvest's ( APPH) second-quarter was not very pretty. After weak revenue results, missing on both the top and bottom line, along with drastically cut guidance, the stock fell nearly 30%, and then continued to fall below $8 per share by the week's end.
A Silver Lining
After earnings, AppHarvest stock fell off a cliff, and then it continued to fall throughout the rest of the week.
What To Do Now
Despite all of this, it does not change the fact that there is a growing demand for sustainably-produced fruits and vegetables in the U.S., and AppHarvest is operating in this market. The current demand is large, and it will likely get larger during the next 10-20 years.
The market did not drop because of Delta variant. Delta has been in the news for months
I will continue to be a long-term supporter of AppHarvest and its mission, but the reality of their mission was damaged in this quarter. While I am not recommending selling the stock, investors need to watch extremely closely. AppHarvest shareholders need to focus on three things: quality of the product, pricing power, and operational expansion.
UPDATE: Last week I posted that my parents gave me 2 old stock certificates belonging to my great grandfather and my grandfather
This is a general post about event being fit onto market action after the fact. It is so silly. Why didn't anyone say "Market up the last 5 days due to Delta variant" ? I could find 20 events, both positive and negative, that could be used to explain why the market went up or down.
New investment strategy. See more than two people dropping over 100k on a single stock and posting about it? SELL!
Original: https://www.reddit.com/r/stocks/comments/oitmxh/my_parents_gave_me_my_grandfather_and_great
Unpopular opinion: Remove Netflix from FAANG. It doesn't even compare to the other names in that acronym
Everytime i see someone post about purchasing their life savings into a single stock, and watching that post get thousands of upvotes, it immediately tanks. Thats when you buy. Rinse. Repeat.
Why is Starbucks priced like a tech company?
I think Netflix should be replaced with Microsoft, considering Netflix has a much lower market cap than Microsoft, and the fact that Netflix isn’t as diversified in different sectors and products, like how Microsoft is.
What's up with the market?
What am I missing with SBUX? They already are incredibly established in their market; they don’t have that much more growth potential. Other food companies like Wendy’s and McDonald’s have p/e around 30, yet SBUX has has over 4 times that at 142.
When a person is CEO of multiple companies, does it concern you that they lack focus? Jack Dorsey and Elon Musk for example
The stocks up by about a percent everyday in morning before market opens but as soon as market open stocks fall. This has been happening to me since past two weeks. Can anyone explains why this is the case ? 6 months into stocks, still figuring out this world.
