On average, analysts give the stock a Strong Buy rating. The average price target is $14, which means analysts expect the stock to add by 269.39% over the next twelve months. That average ranking earns the stock an Analyst Rating of 73, which is better than 73% of stocks based on data compiled by InvestorsObserver.
Similarly Will AppHarvest stock go up? Analysts who follow Appharvest Inc (APPH) on average expect it to climb 317.72% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy.
Should I sell Apph? Out of 2 analysts, 1 (50%) are recommending APPH as a Strong Buy, 1 (50%) are recommending APPH as a Buy, 0 (0%) are recommending APPH as a Hold, 0 (0%) are recommending APPH as a Sell, and 0 (0%) are recommending APPH as a Strong Sell. What is APPH’s earnings growth forecast for 2022-2024?
Additionally, Why is Apph stock so low?
Key Points. Indoor farming company AppHarvest pre-announced fourth-quarter and year-end results, with strong revenue expected but also a massive loss due to a $60 million goodwill charge. AppHarvest is writing off much of the value of a company it bought last year.
How long has AppHarvest been in business?
The Kentucky-based agriculture tech company, which was founded in 2017, began trading on the Nasdaq in late February 2021 after completing a SPAC merger with Novus Capital Corporation. Since then, AppHarvest shares have plunged 70%.
Why is AppHarvest tanking? Management reducing sales guidance for 2021 and the broad sell-off in IPO stocks were the two key reasons for the stock’s fall last month.
How high does AppHarvest go? Stock Price Forecast
The 3 analysts offering 12-month price forecasts for AppHarvest Inc have a median target of 6.00, with a high estimate of 9.00 and a low estimate of 5.50. The median estimate represents a +27.66% increase from the last price of 4.70.
What sells AppHarvest? AppHarvest is an applied technology company in Appalachia developing and operating some of the world’s largest high-tech indoor farms, designed to grow non-GMO, chemical pesticide-free produce, using up to 90 percent less water than open-field agriculture and only recycled rainwater while producing yields up to 30 …
Where is AppHarvest located?
About AppHarvest
The Company’s 60-acre Morehead, Ky. facility is among the largest controlled environment agriculture facilities in the U.S. For more information, visit https://www.appharvest.com/.
Who founded AppHarvest? Jonathan Webb is the Founder & CEO at AppHarvest .
Is AeroFarms a publicly traded company?
were originally announced in March 2021. Under the deal, AeroFarms would have become a publicly-traded company on the NASDAQ. Spring Valley shareholders voted to approve the merger in late August according to an 8-K form filed with the Securities and Exchange Commission.
Is AppHarvest vertical farming? (AppHarvest’s greenhouse runs off rainwater collected from the facility’s roof.) In the case of vertical farming, less land is required because plants are stacked. AppHarvest’s container farms, for example, can pack three to five acres of leafy greens into a forty-foot-long shipping container.
Who is Jonathan Webb?
Jonathan Webb is the Founder & CEO at AppHarvest .
Where is app Harvest located?
About AppHarvest
The Company’s 60-acre Morehead, Ky. facility is among the largest controlled environment agriculture facilities in the U.S. For more information, visit https://www.appharvest.com/.
Is AppHarvest making money? The past year for AppHarvest (NASDAQ:APPH) investors has not been profitable.
Who is invested in AppHarvest? Top 10 Owners of AppHarvest Inc
| Stockholder | Stake | Total value ($) |
|---|---|---|
| The Vanguard Group, Inc. | 4.32% | 23,517,694 |
| BlackRock Fund Advisors | 3.85% | 20,995,486 |
| Norges Bank Investment Management | 3.16% | 17,199,995 |
| Davy Global Fund Management Ltd. | 1.56% | 8,472,344 |
Does AppHarvest use hydroponics?
Michael Hurak, an AppHarvest employee, trims the tomato plants, which grow without soil, using hydroponics. AppHarvest also uses robotics and AI to precisely predict crop health and yield.
What crops does AppHarvest grow? The flagship AppHarvest facility is expected to produce about 45 million pounds of tomatoes each year from about 720,000 beefsteak and vine tomato plants. “We look forward to every American having the ability to access fresh, healthy, affordable fruits and vegetables,” says Jonathan Webb, founder and CEO.
What makes AppHarvest unique?
AppHarvest is an applied technology company building some of the world’s largest high-tech indoor farms in Appalachia that grow non-GMO, chemical pesticide-free produce using 90 percent less water than open-field agriculture and only recycled rainwater while producing yields up to 30 times that of traditional …
How many employees does AppHarvest have? How many Employees does AppHarvest have? AppHarvest has 78 employees.
