AppHarvest Inc (NASDAQ: APPH) is trading significantly lower Wednesday after the company announced worse-than-expected second-quarter financial results and cut guidance. AppHarvest reported a quarterly earnings loss of 32 cents per share, which came in below the estimate for a loss of 19 cents per share.
Full Answer
Who bought APPH stock in the last quarter?
APPH stock was bought by a variety of institutional investors in the last quarter, including Vident Investment Advisory LLC, Davy Global Fund Management Ltd, BNP Paribas Asset Management Holding S.A., Millennium Management LLC, Morgan Stanley, Two Sigma Investments LP, DekaBank Deutsche Girozentrale, and Aristides Capital LLC.
Did AppHarvest (APPH) fail to disclose labor and productivity challenges?
SAN DIEGO & MOREHEAD, Ky., November 24, 2021--AppHarvest, Inc. (APPH) May Have Failed to Disclose Labor and Productivity Challenges to Investors LOS ANGELES, November 23, 2021--FINAL INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against AppHarvest, Inc.
Is AppHarvest (APH) a buy at $5?
AppHarvest, Inc.finds support from accumulated volume at $5.06 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. $5.06 $5.09 $5.45 This stock has average movements during the day and with good trading volume, the risk is considered to be medium.
Is AppHarvest stock a buy after the earnings drubbing?
After the post-earnings drubbing, AppHarvest is now trading lower than it did before its SPAC merger and is now valued at a market cap of just over $800 million. To be fair, AppHarvest's new expectations are by design.
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 +109.06% increase from the last price of 2.87.
Is Apph stock a good buy?
The consensus among 2 Wall Street analysts covering (NASDAQ: APPH) stock is to Strong Buy APPH stock.
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.
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.
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.
What crops does AppHarvest grow?
The flagship AppHarvest facility is expected to produce about 45 million pounds of tomatoes each year from about 720,000 beefsteak and vine tomato plants. “We look forward to every American having the ability to access fresh, healthy, affordable fruits and vegetables,” says Jonathan Webb, founder and CEO.
What does the company AppHarvest do?
Now, his company AppHarvest (the name is a play on both Appalachia and the high-tech nature of what they do), operates a sixty acre greenhouse in Morehead, Kentucky that grows hydroponic tomatoes up to the ceiling.
Who is Jonathan Webb?
Jonathan Webb is the Founder & CEO at AppHarvest .
Is AppHarvest a public company?
AppHarvest, an ag-tech company operating one of the world's largest controlled environment agriculture facilities in Morehead, Kentucky, with additional facilities planned in the state, has become a publicly traded company.
Is AppHarvest a buy right now?
3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AppHarvest in the last twelve months. There are currently 3 buy r...
Are investors shorting AppHarvest?
AppHarvest saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 17,540,000 shares, an increase o...
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) released its quarterly earnings data on Tuesday, May, 3rd. The company reported ($0.30) EPS for the quarter, missing...
What guidance has AppHarvest issued on next quarter's earnings?
AppHarvest issued an update on its FY 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share guidance of for the perio...
What price target have analysts set for APPH?
3 equities research analysts have issued 1 year target prices for AppHarvest's stock. Their forecasts range from $5.50 to $14.00. On average, they...
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 Adecoagro (AGRO) , Fresh Del Monte Produce (FDP) , TerrAscend (TRSSF) , Local Bounti (LOC...
What is AppHarvest's stock symbol?
AppHarvest trades on the NASDAQ under the ticker symbol "APPH."
What is the ticker symbol for Appharvest?
AppHarvest trades on the NASDAQ under the ticker symbol "APPH."
When is Appharvest earnings call?
How can I listen to AppHarvest's earnings call? AppHarvest will be holding an earnings conference call on Wednesday, August 11th at 8:30 AM Eastern . Interested parties can register for or listen to the call using this link or dial in at 404-537-3406 with passcode "4718087".
Is Appharvest a buy or sell company?
AppHarvest has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Does Appharvest pay dividends?
AppHarvest does not currently pay a dividend.
Who is the CEO of Appharvest?
Yahoo Finance’s Julie Hyman, Brian Sozzi, and Myles Udland speak with AppHarvest Founder & CEO Jonathan Webb about the company’s first earnings report, outlook for the sustainable farming tech space, and much more.
Is there a class action lawsuit against Appharvest?
NEW YORK, NY / ACCESSWIRE / November 22, 2021 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against AppHarvest, Inc. ("AppHarvest" or the "Company") (NASDAQ:APPH) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired AppHarvest securities between May 17, 2021 and August 10, 2021 , inclusive (the "Class Period").
How much cash does Appharvest have in 2021?
As of the end of June 2021, AppHarvest had $273 million in cash and equivalents and debt of $74.3 million. AppHarvest is a busy little CEA business, but it's still a somewhat speculative bet on the development of agriculture technology.
Is Appharvest still a start up?
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. However, expected full-year adjusted EBITDA loss is now going to be within a range of $70 million to $75 million, worse than the previous guide for a loss of $48 million to $52 million.
Is Appharvest like Amazon?
In a nutshell, AppHarvest wants to be like the Amazon Web Services (AWS) of the agriculture industry -- the highly profitable cloud computing arm of the e-commerce giant. It's going to be a very long-term project, but AppHarvest is making progress on this front by developing multiple farms that will produce tomatoes, lettuce, strawberries, and more. It has several new farms under construction and is already striking deals with other farming companies.
What is the best way to see why a stock is moving?
If you're wondering why a stock moved a certain way, check out Finviz which aggregates the most news for almost every stock, but also see Reuters, and even Yahoo Finance.
Did insiders dump holdings before legal probes hurt their company's shares?
Wharton professor Taylor’s research has shown that corporate insiders consistently dumped holdings before official legal probes hurt their company’s shares, Businessweek reported. They also increased their buying and selling in the gaps between audit reports being produced for company boards and being made publicly available, and exploited rules governing scheduled trading schedules for profit.