AppHarvest Inc. (NASDAQ:APPH) has seen 1.61 million shares traded in the last trading session. The company, currently valued at $822.28M, closed the last trade at $7.88 per share which meant it lost -$0.32 on the day or -3.90% during that session. The APPH stock price is -444.42% off its 52-week high price of $42.90 and 15.48% above the 52-week low of $6.66. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.44 million shares traded. The 3-month trading volume is 1.80 million shares.
The consensus among analysts is that AppHarvest Inc. (APPH) is a Buy stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 0 out of 3 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.19.
AppHarvest Inc. (NASDAQ:APPH) trade information
Sporting -3.90% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 09/03/21 when the APPH stock price touched $7.88 or saw a rise of 10.96%. Year-to-date, AppHarvest Inc. shares have moved -49.65%, while the 5-day performance has seen it change -2.96%. Over the past 30 days, the shares of AppHarvest Inc. (NASDAQ:APPH) have changed -36.35%. Short interest in the company has seen 11.87 million shares shorted with days to cover at 9.43.
Wall Street analysts have a consensus price target for the stock at $12.33, which means that the shares’ value could jump 36.09% from current levels. The projected low price target is $10.00 while the price target rests at a high of $14.00. In that case, then, we find that the current price level is -77.66% off the targeted high while a plunge would see the stock gain -26.9% from current levels.
AppHarvest Inc. (APPH) estimates and forecasts
The company’s shares have lost -54.74% over the past 6 months, compared to 9.50% for the industry.
1 analysts offering their estimates for the company have set an average revenue estimate of $3.14 million for the current quarter. 1 have an estimated revenue figure of $400k for the next quarter concluding in Sep 2021.
AppHarvest Inc. is expected to release its next earnings report on May 17 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
AppHarvest Inc. (NASDAQ:APPH)’s Major holders
Insiders own 36.13% of the company shares, while shares held by institutions stand at 43.57% with a share float percentage of 68.22%. Investors are also buoyed by the number of investors in a company, with AppHarvest Inc. having a total of 117 institutions that hold shares in the company. The top two institutional holders are FMR, LLC with over 12.64 million shares worth more than $231.27 million. As of Mar 30, 2021, FMR, LLC held 12.61% of shares outstanding.
The other major institutional holder is Inclusive Capital Partners, LP, with the holding of over 11.8 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $215.92 million and represent 11.77% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of Mar 30, 2021, the former fund manager holds about 1.67% shares in the company for having 1.68 million shares of worth $30.71 million while later fund manager owns 1.43 million shares of worth $26.1 million as of Mar 30, 2021, which makes it owner of about 1.42% of company’s outstanding stock.