Barclays analyst Benjamin Theurer maintained a Hold rating on AppHarvest (APPH – Research Report) today. The company’s shares closed yesterday at $2.08.
Theurer covers the Consumer Goods sector, focusing on stocks such as Tyson Foods, Fomento Economico Mexicano, and Beyond Meat. According to TipRanks, Theurer has an average return of 7.7% and a 58.75% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for AppHarvest with a $2.00 average price target.
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Based on AppHarvest’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.36 million and a GAAP net loss of $28.71 million. In comparison, last year the company earned a revenue of $543 thousand and had a GAAP net loss of $17.27 million
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of APPH in relation to earlier this year.
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Novus Capital Corp is a blank check company.
Read More on APPH:
- AppHarvest announces proposed $40 million public offering of common stock
- Largest borrow rate increases among liquid names
- AppHarvest Keeps Soaring Higher on Rising Volumes
- AppHarvest begins commercial shipments from first harvest at new Richmond, Ky., 60-acre high-tech indoor farm
- AppHarvest appoints board member Martin as chief operating officer
