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.
Similarly Does AppHarvest stock pay dividends? APPHARVEST (NASDAQ: APPH) does not pay a dividend.
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, Is AppHarvest stock a buy?
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.
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.
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/.
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%.
Who owns AppHarvest stock? The Vanguard Group, Inc.
What will AppHarvest grow?
After shipping its first harvest to stores in late January of this year, AppHarvest proceeded to go public at the start of February and has since broken ground on two more farms, acquired a robotics company, and announced it will soon grow leafy greens and strawberries in addition to tomatoes.
Does AppHarvest use pesticides? AppHarvest’s indoor farm is designed to create a grow environment where people, plants, and technology work together to grow non-GMO fruits and vegetables that are free of chemical pesticides.
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.
Who is Jonathan Webb? Jonathan Webb is the Founder & CEO at AppHarvest .
Who invested in AppHarvest? AppHarvest investors
| Date | Investors | Amount |
|---|---|---|
| Aug 2020 | Revolution Peter Thiel Endeavor Catalyst ValueAct Narya Capital Equilibrium Capital | $28m |
| Feb 2021 | Novus Capital Corporation | $100m Valuation: $1.0b |
| Feb 2021 | Fidelity Novus Capital Corporation Inclusive Capital Partners | $375m |
| Total Funding | $496m |
Who is behind AppHarvest?
This reduces transportation fuel by up to 80 percent. Within the massive indoor farms, AppHarvest combines innovative technology with natural resources and farming know-how, “using less to grow more,” Jonathan Webb, CEO, tells We First. Less means 90 percent less water (through recycled rainwater).
Who founded AppHarvest? Jonathan Webb is the Founder & CEO at AppHarvest .
What is the largest greenhouse in the world?
Spanning over 20,000 square meters (215,278 square feet) the gigantic energy self-sufficient structure, christened « Tropicalia, » is set to be completed in 2024 in the Cote d’Opale, or Opal Coast, in France.
Is AppHarvest produce organic? 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 up to 90% less water than open-field agriculture and only recycled rainwater while producing yields up to 30 times that of traditional …
