Long term investment in $APPHLonged $APPH due to macro fundamentals, food prices going up, supply chains being hit by oil prices. Thus, controlled environment agriculture can be a solution as it can be closer to consumers - reducing traveling of food, requires no fertilizers/pesticides, quality of the product.
The company financial sheet is sound and valuation is good atm, has cash and a PS of 1.21.
Market Cap 394.79M
Income -166.20M
Sales 9.1M
P/S 43.38
Not happy with valuation atm, but I believe fundamentals may increase sales over time.
I have entered with a manageable position as this is the sort of play one may need to stomach a 50% move against the position without "frying the popcorn". If it falls further and I may consider adding. Risk is 1% atm.
Appharvest
APPHAppharvest Inc (NASDAQ:APPH) cleared resistance on expanding volume and looks ready to extend its gains. Keep on watch list.
Appharvest ApphKeep an eye for the week of 11-22-21
There are some clusters building up in November. 11-10-21 earning report
also, time cycles hitting on the week of 11-22-21
Let's see how it plays out
Disclaimer I'm long from $6.97 & $6.07
Appharvest on the day patternsOk so Appharvest caught my eye in the stock market.. in the present time and the developing in the world CO2 emissions and such i think a company like AppHarvest could be a game changer. Vertical Farming Co2 Neutral farming etc etc.
Anyways back to the charts..
On the bigger picture looking at a Falling Wedge and i think we hit the bottom or somewere in the regions of the bottom.
There is a bullish divergence spotted and a Descending Right Angled Broadening Wedge.. at the end here also is an well not that beautiful Head and Shoulder but could fit in the development of this Pattern Descending Right Angled Broadening Wedge. it could give the bulls that momentum to break thru $13,36. Then i guess we could say a reversal has been made by the bulls. if it fails to break the trend we could go further down to regions like 11 dollar or even lower who will tell.
Disclaimer: This is not a financial advise
APPH long indoor farms....I really know nothing about this stock
Stumbled across it
Been totally crushed it seems
Guess it recently IPO in 2020
Develops Indoor Farms
Could be an interesting long stock play at these levels into their earnings later this month
If anyone has anymore info on this company please let me know in the comments
Maybe ESG/Cannabis vibes if you squint
This is just a total shot in the dark play
$APPH, probably going to $40+This has stayed in the upper part of the bollinger band for awhile and with the stochastic crossing up we are assuming a bullish bounce. Taking this one to $40+.
Go long on AppHarvest; NOVSU
AppHarvest is going public via a SPAQ ticker; NOVSU. I believe they will revolutionize farming. It is going to be a necessity to invest in sustainable farming. The huge ESG trend is continuing, if not accelerating. EV and solar stocks are at all-time highs. Those were the first two frontiers of saving the environment; renewable energy and getting off fossil fuels. The third frontier will be sustainable farming.
NOVSU is a pure-play on sustainable farming so I would go long. They are already in all the major supermarkets with this latest delivery of tomatoes. And according to Martha Stewart, who is backing this and will help bring it to market successfully at scale, the tomatoes are delicious. Go long. This will be included in most ESG ETF's, which will result in consistent inflows from index investors which will keep it chugging along.
