AppHarvest, Inc. (NASDAQ:APPH) Director Purchases $91,500.00 in Stock

AppHarvest, Inc. (NASDAQ:APPHGet Rating) Director J Kevin Willis acquired 30,000 shares of the firm’s stock in a transaction on Friday, May 6th. The shares were bought at an average cost of $3.05 per share, for a total transaction of $91,500.00. Following the completion of the acquisition, the director now owns 30,000 shares of the company’s stock, valued at $91,500. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of NASDAQ APPH traded up $0.03 during mid-day trading on Monday, reaching $2.92. The company’s stock had a trading volume of 13,241 shares, compared to its average volume of 1,951,783. The stock has a 50-day moving average of $4.83 and a two-hundred day moving average of $4.57. The stock has a market capitalization of $297.07 million, a P/E ratio of -1.77 and a beta of 0.45. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.45 and a current ratio of 2.09. AppHarvest, Inc. has a 1-year low of $2.62 and a 1-year high of $20.22.

AppHarvest (NASDAQ:APPHGet Rating) last issued its earnings results on Tuesday, May 3rd. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.05). AppHarvest had a negative net margin of 1,412.56% and a negative return on equity of 29.33%. During the same quarter last year, the firm earned ($0.35) earnings per share. Analysts predict that AppHarvest, Inc. will post -1.26 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in APPH. Norges Bank acquired a new stake in AppHarvest during the fourth quarter worth about $12,448,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in AppHarvest by 44.8% during the fourth quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 5,202,193 shares of the company’s stock worth $20,237,000 after purchasing an additional 1,610,695 shares during the last quarter. Vident Investment Advisory LLC acquired a new stake in AppHarvest during the third quarter worth about $10,448,000. Millennium Management LLC increased its position in shares of AppHarvest by 4,542.4% during the third quarter. Millennium Management LLC now owns 682,751 shares of the company’s stock valued at $4,452,000 after acquiring an additional 668,044 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of AppHarvest by 308.2% during the third quarter. Morgan Stanley now owns 673,745 shares of the company’s stock valued at $4,392,000 after acquiring an additional 508,702 shares during the last quarter. Hedge funds and other institutional investors own 45.63% of the company’s stock.

Several research firms have issued reports on APPH. Barclays decreased their price objective on shares of AppHarvest from $13.00 to $5.50 in a report on Tuesday, February 22nd. Zacks Investment Research upgraded shares of AppHarvest from a “sell” rating to a “hold” rating in a research report on Wednesday, April 27th. Finally, Oppenheimer reduced their target price on shares of AppHarvest from $10.00 to $6.00 and set an “outperform” rating for the company in a research report on Friday, February 25th.

AppHarvest Company Profile (Get Rating)

AppHarvest, Inc, an applied agricultural technology company, develops and operates indoor farms to grow non-GMO produce free of chemical pesticide residues. Its products include tomatoes; and other fruits and vegetables, such as berries, peppers, cucumbers, and salad greens. The company was incorporated in 2018 and is based in Morehead, Kentucky.

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