AppHarvest Inc. (NASDAQ:APPH) went up by 11.86% from its latest closing price compared to the recent 1-year high of $17.60. The company’s stock price has collected 25.99% of gains in the last five trading sessions.
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.”
APPH currently public float of 69.54M and currently shorts hold a 25.39% ratio of that float. Today, the average trading volume of APPH was 1.70M shares.
APPH’s Market Performance
APPH stocks went up by 25.99% for the week, with a monthly jump of 19.52% and a quarterly performance of -41.25%, while its annual performance rate touched -78.20%. The volatility ratio for the week stands at 13.80% while the volatility levels for the past 30 days are set at 9.69% for AppHarvest Inc. The simple moving average for the period of the last 20 days is 18.51% for APPH stocks with a simple moving average of -25.50% 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 previous 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 previous year.
APPH Trading at 1.15% 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 -80.17% of loss for the given period.
Volatility was left at 9.69%, however, over the last 30 days, the volatility rate increased by 13.80%, as shares surge +18.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.19% lower at present.
During the last 5 trading sessions, APPH rose by +25.99%, which changed the moving average for the period of 200-days by -57.44% in comparison to the 20-day moving average, which settled at $2.97. In addition, AppHarvest Inc. saw -10.28% 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 WILLIS J KEVIN, who purchase 30,000 shares at the price of $3.05 back on May 06. After this action, WILLIS J KEVIN now owns 30,000 shares of AppHarvest Inc., valued at $91,500 using the latest closing price.
Lee David J., the President of AppHarvest Inc., sale 43,326 shares at $4.25 during a trade that took place back on Apr 25, which means that Lee David J. is holding 1,291,183 shares at $184,136 based on the most recent closing price.
Stock Fundamentals for APPH
Current profitability levels for the company are sitting at:
- -1373.17 for the present operating margin
- -482.67 for the gross margin
The net margin for AppHarvest Inc. stands at -1836.31. Equity return is now at value -39.70, with -29.10 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 3.54.