Blue Apron Holdings Inc. (NYSE:APRN) has a beta value of -2.91 and has seen 11.79 million shares traded in the last trading session. The company, currently valued at $40.31M, closed the last trade at $1.09 per share which meant it gained $0.13 on the day or 13.55% during that session. The APRN stock price is -687.16% off its 52-week high price of $8.58 and 44.04% above the 52-week low of $0.61. If we look at the company’s 10-day average daily trading volume, we find that it stood at 18.17 million shares traded. The 3-month trading volume is 6.59 million shares.
The consensus among analysts is that Blue Apron Holdings Inc. (APRN) is an Overweight stock at the moment, with a recommendation rating of 2.70. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 3 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.5.
Blue Apron Holdings Inc. (NYSE:APRN) trade information
Sporting 13.55% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, 01/23/23 when the APRN stock price touched $1.09 or saw a rise of 11.44%. Year-to-date, Blue Apron Holdings Inc. shares have moved 31.33%, while the 5-day performance has seen it change 7.92%. Over the past 30 days, the shares of Blue Apron Holdings Inc. (NYSE:APRN) have changed 60.18%. Short interest in the company has seen 5.27 million shares shorted with days to cover at 0.69.
Wall Street analysts have a consensus price target for the stock at $4.00, which means that the shares’ value could jump 72.75% from current levels. The projected low price target is $2.00 while the price target rests at a high of $5.00. In that case, then, we find that the current price level is -358.72% off the targeted high while a plunge would see the stock gain -83.49% from current levels.
Blue Apron Holdings Inc. (APRN) estimates and forecasts
Figures show that Blue Apron Holdings Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -63.05% over the past 6 months, with this year growth rate of 15.47%, compared to 8.50% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 37.50% and 54.80% for the next quarter. Revenue growth from the last financial year stood is estimated to be 5.90%.
4 analysts offering their estimates for the company have set an average revenue estimate of $118.87 million for the current quarter. 4 have an estimated revenue figure of $137.16 million for the next quarter concluding in Dec 2022.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 1.80% over the past 5 years.
Blue Apron Holdings Inc. is expected to release its next earnings report between February 08 and February 13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Blue Apron Holdings Inc. (NYSE:APRN)’s Major holders
Insiders own 76.57% of the company shares, while shares held by institutions stand at 22.77% with a share float percentage of 97.21%. Investors are also buoyed by the number of investors in a company, with Blue Apron Holdings Inc. having a total of 79 institutions that hold shares in the company. The top two institutional holders are Wolf Hill Capital Management, LP with over 2.26 million shares worth more than $8.22 million. As of Jun 29, 2022, Wolf Hill Capital Management, LP held 6.49% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 0.91 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $3.32 million and represent 2.62% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of Jun 29, 2022, the former fund manager holds about 1.44% shares in the company for having 0.5 million shares of worth $1.82 million while later fund manager owns 0.36 million shares of worth $1.32 million as of Jun 29, 2022, which makes it owner of about 1.05% of company’s outstanding stock.