Blue Apron Holdings Inc (NASDAQ:APRN) traded with an addition of $7.33 to close at $12.82on Friday, an upside of 133.52 percent. An average of 1,382,743 shares of common stock have been traded in the last five days. There was a gain of $6.67 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 466,071 shares traded, while the 50-day average volume stands at 443,714.
APRN stock has increased by 51.90% in the last month. The company shares reached their 1-month lowest point of $5.24 on 09/28/23. With the stock rallying to its 52-week high on 02/06/23, shares of the company touched a low of $4.70 and a high of $74.16 in 52 weeks. It has reached a new high 5 times so far this year and achieved 28.71% or $2.85 in price. In spite of this, the price is down -82.71% from the 52-week high.
Insider Transactions
APRN stock investors should be aware that Blue Apron Holdings Inc (APRN) stock had its last reported insider trading activity 32 days ago on Aug 28. In this transaction, the insider spent $6,258. General Counsel & Corp. Sec’y, Deutsch Meredith L, disposed of 357 shares at a price of $7.30 on Aug 28. The insider now owns more than $2,606 worth of shares. Prior to that, Chief People Officer Leitgeb Terri went on to Sale 188 shares at $7.30 each on Aug 28. An amount of $1,373 was transacted.
Valuation Metrics
Blue Apron Holdings Inc (APRN) has a trailing price-to-earnings (P/E) ratio of N/A for the broader industry. The stock’s beta is -2.84. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.19.
Financial Health
The quick ratio of Blue Apron Holdings Inc for the three months ended June 29 was 0.63, and the current ratio was 0.66, indicating that the company is not able to meet its debt obligations. Its gross profit as reported stood at $153.89 million compared to revenue of $458.47 million.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$61.93 million in the quarter, while revenues were grew 62.67%. The analyst consensus anticipated Blue Apron Holdings Inc’s latest quarter earnings to come in at -$3.24 per share, but it turned out to be -$9.52, a -193.80% surprise. For the quarter, EBITDA amounted to -$9.42 million. Shareholders own equity worth $6.39 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Blue Apron Holdings Inc (APRN) price momentum. RSI 9-day as of the close on 28 September was 84.13%, suggesting the stock is Overbought, with historical volatility in this time frame at 432.89%.
As of today, APRN’s price is $7.26 +108.71% or $6.67 from its 5-day moving average. APRN is currently trading +48.84% higher than its 20-day SMA and +112.77% higher than its 100-day SMA. However, the stock’s current price level is +163.68% above the SMA50 and +60.35% above the SMA200.
The stochastic %K and %D were 40.56% and 23.40%, respectively, and the average true range (ATR) was 1.33. With the 14-day stochastic at 99.41% and the average true range at 1.10, the RSI (14) stands at 78.36%. The stock has reached 1.29 on the 9-day MACD Oscillator while the 14-day reading was at 1.45.
Analyst Ratings
Lake Street launched coverage on Blue Apron Holdings Inc (NASDAQ: APRN) in its analyst report released on August 10, 2022. The firm assigned the stock a Buy rating. The consensus rating for Blue Apron Holdings Inc (APRN) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell APRN, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is APRN’s price target for the next 12 months?
Analysts predict a range of price targets between $5.00 and $17.00, with a median target of $6.00. Taking a look at these predictions, the average price target given by analysts for Blue Apron Holdings Inc (APRN) stock is $9.33.
