In the last trading session, 1,289,629 AppHarvest, Inc. (NASDAQ:APPH) shares changed hands as the company’s beta touched 0. With the company’s per share price at $15.32 changed hands at -$0.2 or -0.01% during last session, the market valuation stood at $1.54 Billion. APPH’s last price was a discount, traded about -180.03% off its 52-week high of $42.9. The share price had its 52-week low at $9.7, which suggests the last value was 36.68% up since then. When we look at AppHarvest, Inc.’s average trading volume, we note the 10-day average is 1.23 Million shares, with the 3-month average coming to 1.55 Million.
Analysts gave the AppHarvest, Inc. (APPH) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2. If we narrow down to specifics, the data shows that none out of 2 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, none recommended APPH as a Hold, 2 felt it is a Buy and none rated the stock as Underweight. AppHarvest, Inc.’s EPS for the current quarter is expected to be -$0.19.
AppHarvest, Inc. (NASDAQ:APPH) trade information
Although APPH has turned red as seen at the end of in last trading. With action -1.29%, the performance over the past five days has been red. The jump to weekly highs of $17.48 on Monday, Jun 14 added 12.36% to the stock’s daily price. The company’s shares are showing year-to-date downside of -0.02%, with the 5-day performance at -0.1% in the red. However, in the 30-day time frame, AppHarvest, Inc. (NASDAQ:APPH) is 0.12% up. Looking at the short shares, we see there were 11.87 Million shares sold at short interest cover period of 7.66 days.
The consensus price target for the stock as assigned by Wall Street analysts is $28.5, meaning bulls need an upside of 86.03% from its current market value. According to analyst projections, APPH’s forecast low is $25 with $32 as the target high. To hit the forecast high, the stock’s price needs a +108.88% upsurge from its current level, while the stock would need to tank 63.19% for it to hit the projected low.
AppHarvest, Inc. (APPH) estimates and forecasts
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0%. The 2021 estimates are for AppHarvest, Inc. earnings to increase by 49.4%, but the outlook for the next 5-year period is at 0% per year.
AppHarvest, Inc. (NASDAQ:APPH)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 36.13% of AppHarvest, Inc. shares while 43.56% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 68.21%. There are 115 institutions holding the AppHarvest, Inc. stock share, with FMR, LLC the top institutional holder. As of Mar 30, 2021, the company held 12.61% of the shares, roughly 12.64 Million APPH shares worth $231.27 Million.
Inclusive Capital Partners, LP holds the second largest percentage of outstanding shares, with 11.77% or 11.8 Million shares worth $215.92 Million as of Mar 30, 2021.
Among Mutual Funds, the top two as of Mar 30, 2021 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 1678100 shares estimated at $30.71 Million under it, the former controlled 1.67% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 1.42% of the shares, roughly 1.43 Million shares worth around $26.1 Million.