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AppHarvest Inc. (NASDAQ:APPH) Is Currently -269.04% Below Its 52-Week High, But Downside Potential Could Surprise You.

In last trading session, AppHarvest Inc. (NASDAQ:APPH) saw 1.83 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $1.97 trading at -$0.12 or -5.74% at ring of the bell on the day assigns it a market valuation of $225.17M. That closing price of APPH’s stock is at a discount of -269.04% from its 52-week high price of $7.27 and is indicating a premium of 2.54% from its 52-week low price of $1.92. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.56 million shares which gives us an average trading volume of 1.19 million if we extend that period to 3-months.

AppHarvest Inc. (NASDAQ:APPH) trade information

Upright in the red during last session for losing -5.74%, in the last five days APPH remained trading in the red while hitting it’s week-highest on Friday, 09/16/22 when the stock touched $1.97 price level, adding 15.81% to its value on the day. AppHarvest Inc.’s shares saw a change of -49.36% in year-to-date performance and have moved -14.72% in past 5-day. AppHarvest Inc. (NASDAQ:APPH) showed a performance of -36.66% in past 30-days. Number of shares sold short was 16.7 million shares which calculate 12.3 days to cover the short interests.

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AppHarvest Inc. (APPH) estimates and forecasts

Statistics highlight that AppHarvest Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -69.55% of value to its shares in past 6 months, showing an annual growth rate of 1.54% while that of industry is 12.90. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 9.40% in the current quarter and calculating -64.70% decrease in the next quarter. This year revenue growth is estimated to rise 188.00% from the last financial year’s standing.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $6.11 million for the same. And 2 analysts are in estimates of company making revenue of $3.6 million in the next quarter that will end on Sep 2022. Company posted $3.14 million and $543k of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 94.70% while estimating it to be 563.00% for the next quarter.

APPH Dividends

AppHarvest Inc. is more likely to be releasing its next quarterly report between January 27 and January 31 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

AppHarvest Inc. (NASDAQ:APPH)’s Major holders

Insiders are in possession of 25.11% of company’s total shares while institution are holding 42.78 percent of that, with stock having share float percentage of 57.13%. Investors also watch the number of corporate investors in a company very closely, which is 42.78% institutions for AppHarvest Inc. that are currently holding shares of the company. Bnp Paribas Asset Management Holding S.a. is the top institutional holder at APPH for having 5.8 million shares of worth $31.15 million. And as of Mar 30, 2022, it was holding 5.70% of the company’s outstanding shares.

The second largest institutional holder is Inclusive Capital Partners, LP, which was holding about 5.8 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 5.70% of outstanding shares, having a total worth of $31.17 million.

On the other hand, Vanguard Total Stock Market Index Fund and Exchange Traded Concepts Tr-Global Robotics & Automation Index ETF are the top two Mutual Funds which own company’s shares. As of Mar 30, 2022, the former fund manager was holding 1.82 million shares of worth $9.76 million or 1.78% of the total outstanding shares. The later fund manager was in possession of 1.66 million shares on Jun 29, 2022, making its stake of worth around $5.81 million in the company or a holder of 1.64% of company’s stock.

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