AppHarvest (NASDAQ:APPH – Get Rating) is one of 32 public companies in the “Agricultural production – crops” industry, but how does it contrast to its competitors? We will compare AppHarvest to similar companies based on the strength of its analyst recommendations, institutional ownership, earnings, risk, profitability, valuation and dividends.
Risk and Volatility
AppHarvest has a beta of 0.52, meaning that its stock price is 48% less volatile than the S&P 500. Comparatively, AppHarvest’s competitors have a beta of -28.78, meaning that their average stock price is 2,978% less volatile than the S&P 500.
This table compares AppHarvest and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
Earnings & Valuation
|Gross Revenue||Net Income||Price/Earnings Ratio|
|AppHarvest||$9.05 million||-$166.19 million||-1.21|
|AppHarvest Competitors||$1.63 billion||$92.76 million||0.97|
AppHarvest’s competitors have higher revenue and earnings than AppHarvest. AppHarvest is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
This is a summary of recent ratings and price targets for AppHarvest and its competitors, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
AppHarvest presently has a consensus target price of $5.75, suggesting a potential upside of 191.88%. As a group, “Agricultural production – crops” companies have a potential upside of 104.19%. Given AppHarvest’s stronger consensus rating and higher possible upside, analysts clearly believe AppHarvest is more favorable than its competitors.
Insider and Institutional Ownership
33.3% of AppHarvest shares are owned by institutional investors. Comparatively, 28.0% of shares of all “Agricultural production – crops” companies are owned by institutional investors. 20.0% of AppHarvest shares are owned by company insiders. Comparatively, 22.1% of shares of all “Agricultural production – crops” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.
AppHarvest competitors beat AppHarvest on 8 of the 13 factors compared.
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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