The trading price of AppHarvest, Inc. (NASDAQ:APPH) closed higher on Monday, Feb 22, closing at $35.7, 5.43% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $35.70 and $39.50. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 0. In examining the 52-week price action we see that the stock hit a 52-week high of $42.9 and a 52-week low of $9.61. Over the past month, the stock has gained 48.77% in value.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned APPH a recommendation rating is 1. Out of them, no one rate it a Hold, while 1 recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged AppHarvest, Inc. (APPH) as Underperform, while not any of them advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0, which symbolizes a positive outlook. A quick review shows that APPH’s price is currently 19.92% off the SMA20 and 59.73% off the SMA50. The RSI metric on the 14-day chart is currently showing 64.95, and weekly volatility stands at 11%. When measured over the past 30 days, the indicator reaches 13.77%. AppHarvest, Inc. (NASDAQ:APPH)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 3.87. With analysts defining $42-$42 as the low and high price targets, we arrive at a consensus price target of $42 for the trailing 12-month period. The current price is about 11.58% off the estimated low and 11.58% off the forecast high, based on this estimate. Investors will be thrilled if APPH’s share price rises to $42, which is the median consensus price. At that level, APPH’s share price would be +11.58% above current price.
To see how AppHarvest, Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: APPH stock’s performance was +5.43% in the latest trading, and 0% in the past year, while Spotify Technology S.A. (SPOT) has traded -4.03% on the day and positioned +138.12% higher than it was a year ago. Another comparable company Docusign Inc (DOCU) saw its stock close -8.16% lower in the most recent trading session but was up +174.44% in a year. Furthermore, Aptiv Plc (APTV) showed an increase of 5.43% on the day while its price kept declining at 0% over the past year. AppHarvest, Inc. has a P/E ratio of 0, compared to Spotify Technology S.A.’s 0 and Docusign Inc’s 0. Also in last trading session, the S&P 500 Index has soared -0.77%, while the Dow Jones Industrial also saw a positive session, up +0.09% on the day.
An evaluation of the daily trading volume of AppHarvest, Inc. (NASDAQ:APPH) indicates that the 3-month average is 512.46 Million. However, this figure has increased over the past 10 days to an average of 896.33 Million.