AppHarvest (APPH) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AppHarvest in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" APPH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in APPH, but not buy additional shares or sell existing shares.
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3 brokerages have issued 12-month target prices for AppHarvest's stock. Their APPH share price forecasts range from $1.00 to $2.00. On average, they predict the company's share price to reach $1.50 in the next year. This suggests a possible upside of 239.4% from the stock's current price.
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AppHarvest's stock was trading at $0.5674 on January 1st, 2023. Since then, APPH shares have decreased by 22.1% and is now trading at $0.4420.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
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AppHarvest, Inc. (NASDAQ:APPH) posted its quarterly earnings data on Thursday, March, 9th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.41) by $0.08. The business had revenue of $4.55 million for the quarter, compared to the consensus estimate of $4.44 million. AppHarvest had a negative trailing twelve-month return on equity of 45.62% and a negative net margin of 800.58%.

ETFs with the largest weight of AppHarvest (NASDAQ:APPH) stock in their portfolio include Global X AgTech & Food Innovation ETF (KROP), VanEck Future of Food ETF (YUMY).VegTech Plant-based Innovation & Climate ETF (EATV) and

AppHarvest updated its FY 2023 earnings guidance on Friday, May, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $40.00 million-$50.00 million, compared to the consensus revenue estimate of $43.95 million.

AppHarvest trades on the NASDAQ under the ticker symbol "APPH."

AppHarvest's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Alyeska Investment Group L.P. (5.91%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (5.42%), BlackRock Inc. (3.83%), State Street Corp (1.71%), Geode Capital Management LLC (1.11%) and GMT Capital Corp (0.78%). Insiders that own company stock include Ciara Burnham, David J Lee, David J Lee, J Kevin Willis, Jeffrey W Ubben, Julie Nelson, Maria C Borras and Robert J Laikin.
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Shares of APPH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of APPH stock can currently be purchased for approximately $0.44.

AppHarvest (NASDAQ:APPH) has a market capitalization of $68.56 million and generates $14.59 million in revenue each year. The company earns $-176,650,000.00 in net income (profit) each year or ($1.63) on an earnings per share basis.

The company employs 500 workers across the globe.

AppHarvest's mailing address is 500 Appalachian Way, Morehead KY, 40351. The official website for the company is appharvest.com. The company can be reached via phone at 606-653-6100 or via email at appharvestir@appharvest.com.