AppHarvest, Inc. (NASDAQ:APPH – Get 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:APPH – Get 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.
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.
- Get a free copy of the StockNews.com research report on AppHarvest (APPH)
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