AppHarvest (NASDAQ:APPH – Get Rating) released its quarterly earnings results on Wednesday. The company reported ($0.28) EPS for the quarter, beating the consensus estimate of ($0.30) by $0.02, Fidelity Earnings reports. AppHarvest had a negative net margin of 1,256.15% and a negative return on equity of 29.71%. During the same period in the prior year, the business posted ($0.32) earnings per share. AppHarvest updated its FY 2022 guidance to EPS.
AppHarvest Stock Performance
APPH traded up $0.03 during trading on Friday, hitting $3.83. The stock had a trading volume of 478,063 shares, compared to its average volume of 1,714,598. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.01 and a current ratio of 2.09. The firm has a market capitalization of $389.65 million, a P/E ratio of -2.35 and a beta of 0.34. The company’s 50-day moving average price is $3.60 and its 200 day moving average price is $3.89. AppHarvest has a twelve month low of $2.40 and a twelve month high of $12.56.
Insider Buying and Selling at AppHarvest
In other AppHarvest news, President David J. Lee sold 43,533 shares of the business’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $3.78, for a total value of $164,554.74. Following the transaction, the president now directly owns 1,243,399 shares of the company’s stock, valued at approximately $4,700,048.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 20.00% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On AppHarvest
AppHarvest Company Profile
AppHarvest, Inc, an applied agricultural technology company, develops and operates indoor farms to grow non-GMO produce free of chemical pesticide residues. Its products include tomatoes; and other fruits and vegetables, such as berries, peppers, cucumbers, and salad greens. The company was incorporated in 2018 and is based in Morehead, Kentucky.
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