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Wednesday, February 1, 2023

AppHarvest Inc. (NASDAQ: APPH): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for AppHarvest Inc. (APPH) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.0091, or -0.94%, to $0.96. The AppHarvest Inc. has recorded 33,018 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that AppHarvest names CEA industry veteran Tony Martin Chief Operating Officer.

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Stocks Info

APPH belongs to the Consumer Defensive sector of the NASDAQ while operating in the Farm Products industry. At the end of the last regular session, the stock closed at $0.97 and fluctuated between $0.9700 as its day high and $0.8964 as its day low. The current market capitalization of AppHarvest Inc. is $90.82M. A total of 1.61 million shares were traded on the day, compared to an average of 2.03M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, APPH has seen 0 BUY and 3 SELL insider trades, representing the acquisition of 0 and the disposition of 228,690 shares. Over the last 12 months, there were 9 BUYs and 10 SELLs from insiders. Insiders purchased 205,496 shares during that period but sold 516,663.

In the most recent transaction, Lee David J. sold 177,400 shares of APPH for 1.22 per share on Nov 21. After the transaction, the Director now owns 561,140 company shares. In a previous transaction on Oct 26, Lee David J. sold 42,392 shares at 1.75 per share. APPH shares that President owns now total 1,192,109.

Among the insiders who sold shares, Nelson Julie disposed of 7,632 shares on Aug 16 at a per-share price of $3.22. This resulted in the Chief Operating Officer holding 82,368 shares of APPH after the transaction. In another insider transaction, Lee David J. sold 43,533 shares at $3.78 per share on Jul 26. Company shares held by the President now total 1,243,399.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for APPH in the last 3 months, the mean price target is $2.00 with high estimates of $2.00 and low estimates of $2.00. In terms of 52-week highs and lows, APPH has a high of $7.05 and a low of $0.47.

As of this writing, APPH has an earnings estimate of -$0.3 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.3 per share and a lower estimate of -$0.31. The company reported an EPS of -$0.3 in the last quarter, which was 9.10% higher than expectations of -$0.33.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 2 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for APPH is Buy with a score of 3.00. A total of 0 analysts rated the stock as Buy while 0 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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