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.
What's happened to AppHarvest stock in September?
Shares of AppHarvest (NASDAQ: APPH) were down 22.4% in September, according to data from S&P Global Market Intelligence. The agricultural technology (AgTech) start-up that went public earlier this year has performed dismally for investors and is now down 83% since February.
What are AppHarvest's price targets for the next 12 months?
3 brokers have issued twelve-month price targets for AppHarvest's shares. Their forecasts range from $10.00 to $25.00. On average, they anticipate AppHarvest's share price to reach $16.33 in the next twelve months. This suggests a possible upside of 215.9% from the stock's current price.
What is the guidance for AppHarvest?
AppHarvest updated its FY 2021 earnings guidance on Wednesday, December, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $7 million-$9 million, compared to the consensus revenue estimate of $8.37 million. What price target have analysts set for APPH?
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 a good stock to buy?
Appharvest Inc (APPH) stock has fallen -77.06% over the last 12 months, and the average rating from Wall Street analysts is a Strong Buy. InvestorsObserver's proprietary ranking system, gives APPH stock a score of 66 out of a possible 100. That rank is mainly influenced by a long-term technical score of 77.
Should I sell my AppHarvest stock?
2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AppHarvest in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" AppHarvest 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.
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.
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/.
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.
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.
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.
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.
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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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!
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