Blue Apron Holdings Inc. (NYSE:APRN) went up by 7.82% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the Internet Retail giant went up by $11.17 to trade ended Wednesday trading at $10.36. This is up from the $10.36 price recorded on Tuesday’s trading session. Thanks to this latest performance, APRN is closer to the higher price 52-week target of $13.10 and further from the lowest price target of $6.10. Its performance from the start of the year has also been positive, with APRN up by 69.76% year-to-date.
Blue Apron Holdings Inc. (APRN) started the day trading at $10.29 and recorded an intraday high of $11.39. It also recorded an intraday low of $10.02 during Wednesday’s trading session. Blue Apron Holdings Inc. is a very active stock that recorded a trading volume that is less than -69.24% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 1122683, which is less than -69.24 of the total average daily trading volume of 1.90 million.
Blue Apron Holdings Inc. (NYSE:APRN) 2020 Performance Impressive
The increase in APRN’s stock price on Wednesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of APRN currently stands at $28.84, which is higher than the current trading price of the stock by 61.27%. However, APRN’s current trading price is -455.72% lower than the 52-week low price of $2.01. In terms of trading volume, Blue Apron Holdings Inc. currently experienced healthy participation during the last trading session. 1122683 shares of Blue Apron Holdings Inc. were traded on the stock exchange on Wednesday, which is less than -69.24% of the 1.90 million average trading volume of the stock.
The performance of the stock has been positive over the past year. APRN’s performance over the past one year has seen it surge by 67.22%, while the stock has gone up by 46.78% in the last six months. The quarterly performance of APRN currently stands at 6.38%, and it is up by 26.64% in the last month. The only positive figure was from the weekly performance, which currently reads 8.98%. At the time of writing APRN’s report, the company has a total market cap of $155.04M, making it one of the largest publicly-traded companies in the world.Blue Apron Holdings Inc. also has over 1672 employees all over the world.
APRN Insider Activities
For Blue Apron Holdings Inc., insiders hold 42.30% of all company shares. The insider transactions over the past six months are down by -271.00%. During that period, insiders bought 292,926 shares in 25 transactions. In that same period, insiders sold 17,039 of their shares in 9 transactions. After these transactions, insiders at Blue Apron Holdings Inc. now hold 174.09k shares, which is over 43.58% of the total company stocks. Institutional investors currently hold a large chunk of the APRN shares, as they control 1.30% of the company’s total stock.
APRN Fundamental Analysis
For Blue Apron Holdings Inc., the stock’s diluted earnings per share (EPS) stands at -5.76. In the coming year, analysts expect the EPS to be -2.49. The stock’s EPS growth this year is 50.90%, -13.80% in the previous five years. In terms of revenue, Blue Apron Holdings Inc.’s quarterly sales (YOY) is shrinking at -0.45, which is higher than the average annual revenue of -13.80% over the past half a decade.
The Return on Investment (ROI) on Blue Apron Holdings Inc.’s stock currently stands at -42.80%, and it has a net profit margin of -18.30%. The operating margin of the company is -16.10%, and its gross margin is 38.00%.
APRN Analysts Prediction
The Canaccord Genuity has a Hold rating for Blue Apron Holdings Inc., predicting the stock price to stay between $6 and $3. Another analyst that has a Hold rating for APRN is Stifel, which set a price target of between $4 and $3.50. and Stifel reiterate their Hold position on the stock ($6 and $4).
Gabelli & Co and Needham also believe that Blue Apron Holdings Inc.’s stock is outperforming at the moment. APRN received a positive rating from Barclays, which set a price target of $3-$4 for the stock.
APRN Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of APRN currently stands at 8.14%, while the SMA50 is 15.49%. The biggest one is the SMA200, which is currently reading 45.53% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 56.03.
