Apple ( NASDAQ: AAPL) stock has been falling along with the rest of the market due to macro concerns and a mixed Q2 earnings report. Most of these concerns - like a recession weakening consumer demand - are temporary, and I expect Apple to deliver solid blue chip-like returns in the coming decade.
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.
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.
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.
How bad will AppHarvest’s full-year loss be?
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. 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.
Is Apph stock a good buy?
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 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.
Why is AppHarvest down?
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.
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How long has AppHarvest been in business?
The Kentucky-based agriculture tech company, which was founded in 2017, began trading on the Nasdaq in late February 2021 after completing a SPAC merger with Novus Capital Corporation. Since then, AppHarvest shares have plunged 70%.
What is the stock price of Appalachian Harvest?
Key DataLabelValue1 Year Target$7.50Today's High/Low$3.30/$2.91Share Volume4,316,055Average Volume1,511,67713 more rows
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.
Who has invested in AppHarvest?
AppHarvest investorsDateInvestorsAmountAug 2020Revolution Peter Thiel Endeavor Catalyst ValueAct Narya Capital Equilibrium Capital$28mFeb 2021Novus Capital Corporation$100m Valuation: $1.0bFeb 2021Fidelity Novus Capital Corporation Inclusive Capital Partners$375mTotal Funding$496m4 more rows
Who owns AppHarvest stock?
CEO Jonathan WebbThe company's CEO Jonathan Webb is the largest shareholder with 18% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 5.7% and 5.3%, of the shares outstanding, respectively.
Is CSU stock a buy?
a buy or a sell? In the last year, 16 stock analysts published opinions about CSU-T. 11 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock.
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
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.
Headlines
AppHarvest shares are trading lower after the company reported preliminary FY2021 sales guidance. - Benzinga
AppHarvest (NASDAQ:APPH) Frequently Asked Questions
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.
Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, February 04, 2022, and so far it has risen 11.15%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price.
Support, Risk & Stop-loss
AppHarvest, Inc. finds support from accumulated volume at $3.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
Is AppHarvest, Inc. stock A Buy?
AppHarvest, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Insiders are very positive buying more shares than they are selling in AppHarvest, Inc
In the last 41 trades there were 43 million shares bought and 3.41 million shares sold. The last trade was done 23 days ago by Lee David J. who sold 165.64 thousand shares. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.
Key Points
The full-year 2021 outlook was cut, but it doesn't change the long-term story for AppHarvest.
NASDAQ: APPH
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What happened
Shares of agriculture tech start-up AppHarvest ( APPH -2.50% ) had fallen 29% as of 1:40 p.m. EDT. The reason lies within the company's second-quarter 2021 earnings update.
So 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.
Now what
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.
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