AppHarvest Inc. (NASDAQ:APPH) went down by -4.86% from its latest closing price compared to the recent 1-year high of $42.90. The company’s stock price has collected -12.56% of loss in the last five trading sessions. Press Release reported 3 hours ago that AppHarvest Shareholder Alert
Is It Worth Investing in AppHarvest Inc. (NASDAQ :APPH) Right Now?
Opinions of the stock are interesting as 2 analysts out of 3 who provided ratings for AppHarvest Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $12.33, which is $7.04 above the current price. APPH currently public float of 57.53M and currently shorts hold a 28.05% ratio of that float. Today, the average trading volume of APPH was 1.79M shares.
APPH’s Market Performance
APPH stocks went down by -12.56% for the week, with a monthly jump of 0.38% and a quarterly performance of -31.48%, while its annual performance rate touched -55.51%. The volatility ratio for the week stands at 6.84% while the volatility levels for the past 30 days are set at 8.69% for AppHarvest Inc.. The simple moving average for the period of the last 20 days is -8.32% for APPH stocks with a simple moving average of -62.09% for the last 200 days.
Analysts’ Opinion of APPH
Many brokerage firms have already submitted their reports for APPH stocks, with Oppenheimer repeating the rating for APPH by listing it as a “Outperform.” The predicted price for APPH in the upcoming period, according to Oppenheimer is $10 based on the research report published on August 26th of the current year 2021.
Barclays, on the other hand, stated in their research note that they expect to see APPH reach a price target of $25. The rating they have provided for APPH stocks is “Overweight” according to the report published on June 16th, 2021.
Cowen gave a rating of “Outperform” to APPH, setting the target price at $42 in the report published on February 11th of the current year.
APPH Trading at -12.86% from the 50-Day Moving Average
After a stumble in the market that brought APPH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -87.67% of loss for the given period.
Volatility was left at 8.69%, however, over the last 30 days, the volatility rate increased by 6.84%, as shares surge +2.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.03% lower at present.
During the last 5 trading sessions, APPH fell by -12.56%, which changed the moving average for the period of 200-days by -86.16% in comparison to the 20-day moving average, which settled at $5.78. In addition, AppHarvest Inc. saw -66.20% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at APPH starting from Burnham Ciara, who purchase 14,150 shares at the price of $7.06 back on Aug 20. After this action, Burnham Ciara now owns 14,150 shares of AppHarvest Inc., valued at $99,899 using the latest closing price.
Eggleton Loren, the Chief Financial Officer of AppHarvest Inc., purchase 720 shares at $6.94 during a trade that took place back on Aug 19, which means that Eggleton Loren is holding 234,800 shares at $4,997 based on the most recent closing price.
Stock Fundamentals for APPH
Equity return is now at value -26.00, with -21.00 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.13.