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.
Is AppHarvest (AppHarvest) stock a buy or sell?
Jan 31, 2022 · Why AppHarvest Shares Are Falling. Henry Khederian, Benzinga. Jan. 31, 2022, 09:43 AM. Appharvest Inc (NASDAQ: APPH ) shares are trading lower by 22% at $2.66 after the company reported ...
What are AppHarvest's price targets for the next 12 months?
Aug 12, 2021 · 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.
What is the guidance for AppHarvest?
Oct 05, 2021 · Management reducing sales guidance for 2021 and the broad sell-off in IPO stocks were the two key reasons for the stock's fall last month. So what AppHarvest is an early-stage company focused on...
How bad will AppHarvest’s full-year loss be?
Apr 06, 2022 · The AppHarvest, Inc. stock price fell by -3.85% on the last day (Wednesday, 6th Apr 2022) from $5.20 to $5.00. During the day the stock fluctuated 7.90% from a day low at $4.81 to a day high of $5.19. The price has fallen in 7 of the last 10 days and is down by …
Is AppHarvest a good stock?
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.
Will AppHarvest stock go up?
Analysts who follow Appharvest Inc (APPH) on average expect it to climb 317.72% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy.Jan 7, 2022
Should I buy Apph stock?
Out of 2 analysts, 1 (50%) are recommending APPH as a Strong Buy, 1 (50%) are recommending APPH as a Buy, 0 (0%) are recommending APPH as a Hold, 0 (0%) are recommending APPH as a Sell, and 0 (0%) are recommending APPH as a Strong Sell. What is APPH's earnings growth forecast for 2022-2024?
Who owns AppHarvest stock?
AppHarvest (APPH) CEO Jonathan Webb said the company has its eyes on the long term as it looks to "institutionalize" controlled environment agriculture (CEA).Mar 18, 2022
How long has AppHarvest been in business?
The company is currently combining conventional agriculture techniques with today's technology to grow non-GMO, chemical-free produce. AppHarvest was founded in 2017 and headquartered in Morehead, Kentucky.
How high does AppHarvest go?
Stock Price Forecast The 3 analysts offering 12-month price forecasts for AppHarvest Inc have a median target of 6.00, with a high estimate of 11.00 and a low estimate of 5.50. The median estimate represents a +19.64% increase from the last price of 5.01.
What sells AppHarvest?
AppHarvest is an applied technology company in Appalachia developing and operating some of the world's largest high-tech indoor farms, designed to grow non-GMO, chemical pesticide-free produce, using up to 90 percent less water than open-field agriculture and only recycled rainwater while producing yields up to 30 ...Aug 11, 2021
Where is AppHarvest located?
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/.Jun 21, 2021
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.
Is AppHarvest organic?
AppHarvest is an applied technology company building some of the world's largest high-tech indoor farms in Appalachia that grow non-GMO, chemical pesticide-free produce using up to 90% less water than open-field agriculture and only recycled rainwater while producing yields up to 30 times that of traditional ...Jun 21, 2021
Who is Jonathan Webb?
Jonathan Webb is the Founder & CEO at AppHarvest .
Is AppHarvest a public company?
The company will be listed on the NASDAQ and start out at $10 a share. AppHarvest, the Morehead, Kentucky based farming company, announced in a press release that it is going public. Per the release, AppHarvest is combining with Novus Capital - a publicly-traded acquisition company - in order to go public.
Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, August 19, 2021, and so far it has risen 17.68%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices.
Support, Risk & Stop-loss
AppHarvest, Inc. finds support from accumulated volume at $7.82 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 negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Analysis and Opinions about APPH-Q
SPACs to buy They develop sustainable, larger-scale indoor farms. A speculative pick and an agtech play. Not cheap, but is down 20% from highs. Nibble if this falls to the high-20s.
AppHarvest (APPH-Q) Rating
Stockchase rating for AppHarvest is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.
AppHarvest (APPH-Q) Frequently Asked Questions
AppHarvest is a American stock, trading under the symbol APPH-Q on the NASDAQ (APPH). It is usually referred to as NASDAQ:APPH or APPH-Q
Second Quarter 2021 Financial Results
AppHarvest stock generated $3.1 million from the net sales in Q2,2021, $0.8 million higher than Q1,2021. The stock sold 8.6 million pounds of tomatoes in the reported quarter, 4.8 million higher than last quarter.
Milestone Achieved by APPH stock
Since the beginning of harvesting fresh produce, APPH stock has achieved several milestones so far. It effectively has done staffing via local labor for Morehead farm. Raised new, non-dilutive forms of capital for the funding of its developments. The stock secured the future building sites in no time.
Conclusion
It seems that investors didn’t like the second quarter of 2021 financial results of APPH stock. The stock faced harsh situations in the second quarter of 2021 in terms of tomatoes sales, labor, and productivity challenges. A thorough fundamental, as well as technical analysis, is necessary before adding this stock to the portfolio.
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 ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" AppHarvest stock.#N#View analyst ratings for AppHarvest or view top-rated stocks.
What stocks does MarketBeat like better than AppHarvest?
Wall Street analysts have given AppHarvest a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but AppHarvest wasn't one of them.
When is AppHarvest's next earnings date?
AppHarvest is scheduled to release its next quarterly earnings announcement on Wednesday, November 10th 2021.#N#View our earnings forecast for AppHarvest.
How were AppHarvest's earnings last quarter?
AppHarvest, Inc. (NASDAQ:APPH) released its earnings results on Tuesday, August, 10th. The company reported ($0.32) EPS for the quarter, missing analysts' consensus estimates of ($0.22) by $0.10.#N#View AppHarvest's earnings history.
What guidance has AppHarvest issued on next quarter's earnings?
AppHarvest issued an update on its FY 2021 earnings guidance on Wednesday, September, 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 $21.72 million.
What price target have analysts set for APPH?
3 Wall Street analysts have issued 1 year price objectives for AppHarvest's stock. Their forecasts range from $10.00 to $25.00. On average, they expect AppHarvest's share price to reach $16.33 in the next twelve months.
Who are some of AppHarvest's key competitors?
Some companies that are related to AppHarvest include Fresh Del Monte Produce (FDP), Adecoagro (AGRO), Village Farms International (VFF), Leo Holdings III (LIII), BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (LND), Limoneira (LMNR), Alico (ALCO), AMAYA Global (AYAG), S&W Seed (SANW), Shineco (TYHT), China Liaoning Dingxu Ecological Agriculture Development (CLAD), Arcadia Biosciences (RKDA), Origin Agritech (SEED), Hawaiian Macadamia Nut Orchards (NNUTU) and Scheid Vineyards (SVIN).#N#View all of APPH's competitors..
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