APPH (AppHarvest Inc.): Time to Pay Attention?

The price of AppHarvest Inc. (NASDAQ: APPH) closed at $1.89 in the last session, up 10.53% from day before closing price of $1.71. In other words, the price has increased by $+0.1800 from its previous closing price. On the day, 2346753 shares were traded. APPH stock price reached its highest trading level at $1.9000 during the session, while it also had its lowest trading level at $1.6600.

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Ratios:

We take a closer look at APPH’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.00 and its Current Ratio is at 2.30. In the meantime, Its Debt-to-Equity ratio is 0.54 whereas as Long-Term Debt/Eq ratio is at 0.53.

Upgrades & Downgrades

On August 26, 2021, Oppenheimer started tracking the stock assigning a Outperform rating and target price of $10.Oppenheimer initiated its Outperform rating on August 26, 2021, with a $10 target price.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 21 when Lee David J. sold 177,400 shares for $1.22 per share. The transaction valued at 216,428 led to the insider holds 561,140 shares of the business.

Lee David J. sold 42,392 shares of APPH for $74,186 on Oct 26. The President now owns 1,192,109 shares after completing the transaction at $1.75 per share. On Aug 16, another insider, Nelson Julie, who serves as the Chief Operating Officer of the company, sold 7,632 shares for $3.22 each. As a result, the insider received 24,546 and left with 82,368 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 13.36 while its Price-to-Book (P/B) ratio in mrq is 0.59.

Stock Price History:

Over the past 52 weeks, APPH has reached a high of $7.05, while it has fallen to a 52-week low of $0.47. The 50-Day Moving Average of the stock is 1.0063, while the 200-Day Moving Average is calculated to be 2.5658.

Shares Statistics:

According to the various share statistics, APPH traded on average about 2.65M shares per day over the past 3-months and 4.93M shares per day over the past 10 days. A total of 107.90M shares are outstanding, with a floating share count of 82.38M. Insiders hold about 0.60% of the company’s shares, while institutions hold 38.20% stake in the company. Shares short for APPH as of Oct 13, 2022 were 16.86M with a Short Ratio of 19.46M, compared to 15.09M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 15.92% and a Short% of Float of 19.55%.

Earnings Estimates

The company has 2 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.3 for the current quarter, with a high estimate of -$0.3 and a low estimate of -$0.31, while EPS last year was -$0.17. The consensus estimate for the next quarter is -$0.43, with high estimates of -$0.4 and low estimates of -$0.47.

Analysts are recommending an EPS of between -$1.28 and -$1.35 for the fiscal current year, implying an average EPS of -$1.31. EPS for the following year is -$1.13, with 2 analysts recommending between -$0.96 and -$1.3.

Revenue Estimates

According to 1 analysts, the current quarter’s revenue is expected to be $1.4M. It ranges from a high estimate of $1.4M to a low estimate of $1.4M. As of the current estimate, AppHarvest Inc.’s year-ago sales were $543k, an estimated increase of 157.80% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $9.7M, an increase of 216.00% over than the figure of $157.80% in the same quarter last year. There is a high estimate of $9.7M for the next quarter, whereas the lowest estimate is $9.7M.

A total of 2 analysts have provided revenue estimates for APPH’s current fiscal year. The highest revenue estimate was $22M, while the lowest revenue estimate was $20.6M, resulting in an average revenue estimate of $21.3M. In the same quarter a year ago, actual revenue was $9.05M, up 135.40% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $91.7M in the next fiscal year. The high estimate is $93.4M and the low estimate is $90M. The average revenue growth estimate for next year is up 330.50% from the average revenue estimate for this year.