Barclays analyst Benjamin Theurer maintained a Hold rating on AppHarvest (APPH – Research Report) today. The company’s shares closed yesterday at $0.94.
According to TipRanks, Theurer is a 4-star analyst with an average return of 8.0% and a 58.43% success rate. Theurer covers the Consumer Goods sector, focusing on stocks such as Coca Cola Femsa SAB De CV, Fomento Economico Mexicano, and Tyson Foods.
AppHarvest has an analyst consensus of Moderate Buy, with a price target consensus of $1.63.
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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
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Read More on APPH:
- AppHarvest announces closing of public offering of common stock and full exercise of underwriters’ option to purchase additional shares
- AppHarvest price target lowered to $2 from $9 at Cowen
- AppHarvest sets fourth quarter 2022 and full-year 2022 earnings call on March 9, 2023
- Unusually active option classes on open February 10th
- AppHarvest 40M share Secondary priced at $1.00
