AppHarvest Inc. (NASDAQ: APPH)’s stock price has plunge by -2.76relation to previous closing price of 0.46. Nevertheless, the company has seen a -7.60% plunge in its stock price over the last five trading sessions.
Is It Worth Investing in AppHarvest Inc. (NASDAQ: APPH) Right Now?
Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
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The average price suggested by analysts for APPH is $1.50, which is $1.05 above the current market price. The public float for APPH is 134.53M, and currently, shorts hold a 16.13% of that float. The average trading volume for APPH on May 26, 2023 was 2.01M shares.
APPH’s Market Performance
APPH stock saw a decrease of -7.60% in the past week, with a monthly decline of -2.06% and a quarterly a decrease of -55.27%. The volatility ratio for the week is 8.81%, and the volatility levels for the last 30 days are 10.36% for AppHarvest Inc. (APPH). The simple moving average for the last 20 days is -6.91% for APPH stock, with a simple moving average of -67.67% for the last 200 days.
APPH Trading at -15.95% 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 -90.75% of loss for the given period.
Volatility was left at 10.36%, however, over the last 30 days, the volatility rate increased by 8.81%, as shares surge +2.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -35.74% lower at present.
During the last 5 trading sessions, APPH fell by -7.60%, which changed the moving average for the period of 200-days by -87.71% in comparison to the 20-day moving average, which settled at $0.4810. In addition, AppHarvest Inc. saw -21.17% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at APPH starting from Lee David J., who sale 177,400 shares at the price of $1.22 back on Nov 21. After this action, Lee David J. now owns 561,140 shares of AppHarvest Inc., valued at $216,428 using the latest closing price.
Lee David J., the President of AppHarvest Inc., sale 42,392 shares at $1.75 during a trade that took place back on Oct 26, which means that Lee David J. is holding 1,192,109 shares at $74,186 based on the most recent closing price.
Stock Fundamentals for APPH
Current profitability levels for the company are sitting at:
- -801.23 for the present operating margin
- -402.67 for the gross margin
The net margin for AppHarvest Inc. stands at -1210.57. The total capital return value is set at -21.74, while invested capital returns managed to touch -33.89. Equity return is now at value -58.50, with -30.80 for asset returns.
Based on AppHarvest Inc. (APPH), the company’s capital structure generated 111.86 points at debt to equity in total, while total debt to capital is 52.80. Total debt to assets is 48.91, with long-term debt to equity ratio resting at 110.24. Finally, the long-term debt to capital ratio is 52.04.
When we switch over and look at the enterprise to sales, we see a ratio of 12.66, with the company’s debt to enterprise value settled at 1.07. The receivables turnover for the company is 6.69 and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.66.
Conclusion
In conclusion, AppHarvest Inc. (APPH) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
